What happens if we can\'t manage

Dec 21, 2017

A reminder that as we age the argument that we should grant powers of attorney to trusted family members becomes increasingly relevant. A lasting power of attorney (LPA) is a legal document that lets…

Read more

Timing is everything

Dec 20, 2017

We are fast approaching the end of the 2017-18 tax year. In fact, the 31 March (or 5 April) is probably the most common trading year end date for sole traders, partnerships and limited companies. And…

Read more

Data protection essentials for 2018

Dec 14, 2017

From 25 May 2018, any business that stores the personal data of staff, customers, suppliers and other business contacts will need to comply with the General Data Protection Regulation (GDPR).

Basically,…

Read more

Sent to Coventry

Dec 13, 2017

The origins of the phrase, to be sent to Coventry, seem to have originated in the seventeenth century when Cromwell was purported to have sent Royalist soldiers to be imprisoned in Coventry around 1648.…

Read more

Do you need to submit a self-assessment tax return

Dec 08, 2017

According to HMRC, you are required to send in a tax return in the last tax year if:

  • you were self-employed - you can deduct allowable expenses
  • you got £2,500 or more in untaxed…

Read more

The Budget - small business update

Dec 07, 2017

Notable changes are listed below:

  • Although there is no change to the rate of corporation tax, maintained at 19%, HMRC is to freeze indexation allowance on corporate capital gains for…

Read more

The Budget - personal tax considerations

Dec 07, 2017

Notable changes are listed below:

  • First-time buyers will pay no stamp duty on homes costing no more than £300,000. First-time buyers of homes worth between £300,000 and £500,000 will…

Read more

Private pension tax relief

Dec 05, 2017

There was much speculation prior to the budget last month, that the tax relief for higher rate tax payers was going to be scrapped, or reduced. Many pundits were expecting a flat-rate tax deduction…

Read more

Company capital gains relief is frozen

Dec 04, 2017

Before the Autumn Budget, the capital gains tax (CGT) calculations of companies included a relief called the indexation allowance. Basically, this allowed a company to increase the acquisition cost…

Read more

Sign up to our newsletter

Stay on top of what's happening, get information, and learn about our people.

Sign up