News Round-up November 2024 News Round-up November 2024 Private school VAT could affect 55% of parents The rising costs of private education, compounded by the introduction of VAT on school fees in January, are expected to impact more than half of children in private schools. [...]
Autumn Budget 2024 Autumn Budget 2024 AUTUMN BUDGET 2024 INTRODUCTION Boxed in by Labour’s manifesto pledges not to increase income tax, employee’s national insurance and VAT, Chancellor Rachel Reeves instead had to raid other taxes, like capital gains tax (CGT), inheritance tax (IHT), employer’s national [...]
News Round-Up October 2024 News Round-Up October 2024 New HMRC advisory fuel rates Updated fuel rates impact UK company-car drivers. These rates, which apply to petrol, diesel, LPG, and electric vehicles, are used to reimburse employees for business travel or repay the cost of fuel [...]
Choosing the right business structure How your structure affects tax and liability. SPOTLIGHT ON Choosing the right business structure How your structure affects tax and liability. Choosing the appropriate structure for your business is one of the first and most important decisions you will make. [...]
Handling a personal tax compliance check How to deal with a compliance check from HMRC SPOTLIGHT ON Handling a personal tax compliance check How to deal with a compliance check from HMRC. Personal tax compliance checks can sound intimidating. However, with the right preparation and [...]
Strategic planning of gifts to minimise tax liabilities. Strategic planning of gifts to minimise tax liabilities SPOTLIGHT ON Tax-efficient giving Strategic planning of gifts to minimise tax liabilities. Tax-efficient gift-giving is an essential aspect of estate planning that can significantly reduce your inheritance tax (IHT) [...]
Understanding R&D tax credits Unlock the benefits of R&D tax credits for your business. SPOTLIGHT ON Understanding R&D tax credits Unlock the benefits of R&D tax credits for your business. Research and development (R&D) tax credits are a crucial incentive designed to encourage businesses to [...]
News Round-up September 2024 News Round-Up September 2024 Bank of England cuts interest rates The vote to lower the interest rate to 5.0% was close, with five members voting in favour and four against. In its first cut for four years, the Bank of England [...]
Insights to prevent unexpected surprises. What to expect from a statutory audit SPOTLIGHT ON What to expect from a statutory audit Insights to prevent unexpected surprises. A statutory audit may sound alarming, but it's a vital process that helps ensure a company's financial health and [...]
Take steps to secure your future. Building an emergency fund SPOTLIGHT ON: Building an emergency fund Take steps to secure your future. As an accounting practice, we often stress the importance of having an emergency fund to our clients. An emergency fund is essential for [...]
