More recent posts
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Tax changes announced for self-employed and small businesses
The government have this week announced changes in a bid to simplify tax reporting that will come into force by 2023. The changes will see small businesses taxed…
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Was the stamp duty holiday worthwhile?
140,000 “extra” transactions have been generated in the UK from the stamp duty holiday, but who really benefits? According to a report from the London School of Economics…
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Succession planning: no time like the present
With recent reviews into Capital Gains Tax and Inheritance Tax now complete, could this be the time for family businesses to review their approach to succession planning? If…
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OTS recommends using data from third parties to simplify tax
The Office of Tax Simplification (OTS) has explored how tax reporting could be made easier for taxpayers if third parties were required to provide information to HMRC. The…
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Extra cash reserves in the bank? What to consider…
If your business is in the enviable position of having strong cash reserves in the bank, it is important to consider the commercial and tax implications of this…
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1.8 million properties pushed into higher land tax bracket
Due to frenzied market activity in the last 12 months, driven partly by the stamp duty holiday, nearly two million UK houses are now in the higher stamp…
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Succession planning – the benefits of an EOT
Employee Ownership Trusts (EOTs) offers an attractive form of succession strategy that could suit your business needs more than a management buyout or traditional trade sale. What is…
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HMRC cracking down on furlough fraud
HMRC is looking into nearly 13,000 potential cases of abuse of the government’s various Covid support schemes. By the end of March, it has been reported the treasury…
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When should you split your property from your business?
There are several potential reasons to separate commercial premises’ ownership from the business; including safeguarding assets, future succession ambitions, or even to enhance cashflow. Whatever the reason, tax…