We are now a year in to the new MTD rules and with that, HMRC are ending their “soft landing” approach with a few changes coming into effect on 1 April 2020: – Detailed Digital Record-Keeping If you have been using bridging software to submit your returns but...
In the world of high-growth enterprises, particularly in the various technology sectors, there is a need for agile and flexible access to some reasonably abstruse skill-sets. This sort of need is often met by the use of contractors or consultants providing their...
For many, owning and selling their own home is thought to be tax-free. Unfortunately tax is never quite as simple as that. Usually, when selling a main residence, most will be exempt from any Capital Gains Tax (CGT). This is due to Principal Private Residence Relief...
A few tax tips on Christmas parties and gifts to employees Around this time of year, we are often asked what the tax implications are for office Christmas parties. There are two elements to this; firstly, is the cost an allowable expense for business tax purposes, and...
Now that Christmas is almost upon us again, we thought it might be helpful to give a little reminder of the tax exemptions available on gifts and parties. Tax must always be paid on cash gifts and vouchers provided to your employees as Christmas presents, but certain...
The LLP (Limited Liability Partnership) has been around for a good number of years now, and is a very popular business vehicle for professional practices such as solicitors and architects, as well as for certain investment and property businesses. There are, however,...
