Seamus Gates, looks at why management buyouts (MBOs) and employee buyouts (EBOs) can work as succession routes to ensure a smooth transition and continued business success. (more…)
Making Tax Digital is HMRC’s move to digitise tax. As from 1 April 2019, businesses with a turnover above £85k will have to submit VAT returns through the HMRC gateway using commercial accounting software.
If you currently have Sage 50 software you will need to check if your software is MTD Compliant and if the software is not MTD compliant then you will need to upgrade. (more…)
Inheritance tax receipts increased 8% year-on-year in 2017/18 to continue a long-term trend, which began when the nil-rate band was frozen at £325,000 with effect from 6 April 2009. (more…)
From April 2019, businesses with annual taxable turnover of more than £85,000 will be required to maintain digital records for VAT and submit quarterly returns alongside the annual tax return. (more…)
The chancellor scrapped SDLT in Autumn Budget 2017 for most people taking their first steps on the property ladder in England, Northern Ireland and for a limited time in Wales. (more…)
First-time buyers in England, Northern Ireland – and for a short time in Wales – were the biggest winners in the most recent shake-up to affect property taxes in Autumn Budget 2017.
Philip Hammond’s headline measure was to abolish stamp duty for first-time buyers on homes worth up to £300,000, and the chancellor didn’t stop there. (more…)
If there’s one thing that keeps us awake at night it’s the thought of how many British businesses are failing to claim capital allowances to which they are entitled – worth billions of pounds across the board, according to some estimates. (more…)
In month nine of our publication 11 Key Steps for Trustees, 1 Giant Leap for your charity we are focusing on expenses.
Making a payment of any sort to a trustee of a charity can be fraught with difficulties, especially when one of the defining aspects of the charitable sector is that trustees don’t get paid. However, that doesn’t mean that payments can’t be made to trustees – they can, if they are dealt with properly. Payments for services rendered and for being a trustee or employee are possible, although of course strict guidelines are in place. By far the most common payment to trustees is to cover expenses incurred by them. But even this is covered by quite detailed guidance.
To view the full report, please click here.
We are running a Manufacturing & Engineering Survey which will help to compile a nationwide picture of what the sector thinks. This is our seventh annual survey, your views in the here and now will help our specialist advisers gauge where the sector is and what can be done to support it through what may be an uncertain few years. (more…)
The report, which polled more than 1,100 businesses of all sizes, found that 64% were bamboozled by an array of rates and rules to comply with VAT legislation. (more…)