Accountancy Blog

Our accountancy blog is updated monthly with our opinions on a variety of issues affecting our clients and the industry sectors we cover.

Year End Tax Planning Opportunities

With the 5 April tax year end approaching now is a good time to review your personal finances and the planning opportunities that are available to help minimise your tax liabilities. Dividends Anyone who runs their business through a limited company is able to extract the first £5,000 of dividend income tax free, irrespective of […]

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Don’t Leave the Future to Chance

Don’t Leave the Future to Chance.
Partner Colin Frame shares some thoughts on Farm Succession Planning.
In simple terms when we talk about farm succession we mean the long term plan for the farming business. In practice it is difficult to cover all of the taxation and accounting issues surrounding succession in farming across the generations in one short article, but here goes . . .

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Where Does All the Money Go?

Have you ever wondered what happens to the tax you hand over to HMRC? For the last three years the government has sent 30 million households a clear and simple summary of how much Income Tax and National Insurance they paid in the last financial year and how these contributions were used by the government […]

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Tax Efficient Profit Extraction

As the new tax year begins any changes to income tax bands, the personal allowance, National Insurance thresholds and the rate of corporation tax should be considered when looking at how best to extract profits from your personal or family company. From 1 April 2017 the rate of corporation tax reduced from 20% to 19%. […]

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Making Tax Digital – The Story So Far

You should by now be aware of the Government’s push to online tax compliance under the ‘Making Tax Digital’ (MTD) initiative. We believe this will be the biggest shake up in taxation since the introduction of Self-Assessment twenty years ago. Originally announced back in the 2015 budget by George Osborne, HMRC want to modernise the […]

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News

Coronavirus/COVID-19: Summary of Finance and Business Measures – last updated 8 April

This article summarises the business support measures the UK and Scottish governments, along with other NGBs and organisations have introduced as a result of the COVID-19 outbreak. Last updated 8 April: more details on the Recovery Loan Scheme For each measure we have listed the date of the latest change. Simply click on any of […]


Blog

Private Sector IR35 Changes – Will it impact you?

March 2021 The Government’s controversial legislation to tackle ‘disguised employment’ arrangements goes through an important change from 6 April 2021 which could have a significant impact on anyone who uses a limited company to carry out their services for medium and large businesses. The legislation – commonly referred to as “IR35” – was introduced by […]