Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.
Tax investigations by HMRC have been on the rise for a number of years. Anyone can be selected for an investigation by HMRC, whether you are a business, a director or an individual taxpayer. What does an investigation involve and why does it happen? Put simply, a tax investigation is when HMRC decides to take […]
If you intend to pass on money or assets following your death, your heirs could face an inheritance tax (IHT) bill of up to 40% of your estate. If the value of your estate is below the Nil Rate Band (NRB) of £325,000 or you leave everything above the threshold to your spouse or civil […]
Changes in tax legislation later this year mean that battery electric vehicles (BEV) and some plug-in hybrid electric vehicles (PHEV) will soon be exempt from company car tax. The new rules come into force from 6 April 2020. This may mean that buying ‘electric’ makes a company car purchase more attractive. From April 2020, the […]
Financial advice is often considered to be a luxury, taken up by those with sizeable wealth. However, research suggests that actively seeking financial advice can play a valuable role in increasing the assets of those that seek advice, regardless of their initial financial status¹. The study confirmed that those who received financial advice in the […]
The deadline for submitting your 2018/19 self assessment tax return is midnight on 31 January 2020. You need to complete a tax return if you: or your partner received Child Benefit and either of you have an annual income of more than £50,000 received more than £2,500 in other untaxed income, for example: – from […]