Insights

Accounts & Financial

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October 28, 2024

Making way for E-invoicing


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The government wants businesses to make more use of electronic invoicing to combat VAT fraud and enhance tax collection.

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October 21, 2024

Capital gains tax receipts


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Raising tax rates is a traditional government strategy to increase tax receipts for HMRC, but this may not be the case for capital gains tax (CGT). This is because taxpayers generally have more control over when gains are realised.

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October 15, 2024

HMRC letter asking to verify financial information is a fraud


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Over the years, we have seen many tax scams. However, a new scam alert has recently been issued by HMRC and we’ve recently seen the scam in action.

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October 14, 2024

Tips and troncs – what does it mean for your business?


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Since July, it has been illegal for employers to withhold tips from staff. The payment of tips will probably result in a national insurance contribution (NIC) cost for both employer and employees, but this extra cost can be circumvented if a tronc arrangement is used to distribute tips.

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October 7, 2024

Student loan threshold frozen


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The student loan repayment threshold for England and Wales has been frozen at £25,000 until 2027, to the detriment of many new university students this September.

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September 20, 2024

Family investment companies


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The concept of the family investment company (FIC) is more in vogue in recent years. We have been assisting a number of clients with such structures, to engineer sensible capital and income tax planning strategies.

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September 9, 2024

HMRC launches VAT registration estimator


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HMRC has launched a new digital tool to help businesses estimate the potential impact of their VAT registration. This will be useful for established business owners and those planning to start a business.

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August 30, 2024

Achieving a tax efficient business exit


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For a tax efficient exit, you need to plan years ahead to reap the benefits. Let’s look at some of the taxes and tax reliefs you need to consider.

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August 16, 2024

UK changes in ESG reporting and sustainability disclosure requirements 2025


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In this blog we look at current UK reporting requirements for companies and how these changes will affect UK businesses going forward.

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August 12, 2024

Digital invoicing could prevent invoice fraud


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Companies without a digital invoice processing system in place are leaving themselves open to invoice fraud. Over the past year, nearly a third of businesses have been targeted.

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July 29, 2024

Class 4 NIC reductions benefit the self-employed


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Self-employed workers will see a substantial reduction in their Class 4 national insurance contributions (NICs) for the current tax year after two percentage cuts were announced in the 2023 Autumn Statement and 2024 March Budget.

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July 22, 2024

From victory to Budget? Labour’s first 100 days


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With a majority of over 200 and a weight of expectations, what happens next for Sir Kier Starmer’s new Labour government?

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