News and Events - Page 4

If you are considering purchasing a company car, it is important to understand the benefit in kind (BIK) implications. The BIK rules tax any private benefit a director or employee receives from the company. For any vehicle, you need to determine if it is classed as a car or a van.

We often take steps to fund for future retirement, manage our Inheritance Tax position or make Wills, but planning for care needs is seldom at the top of our lists.

In simple terms when we talk about business succession we mean the long-term plan for the business. In practice, it is difficult to cover all of the taxation and accounting issues surrounding succession in business across the generations in one short article, but here goes . . .

5 reasons Self-Assessment customers don’t need to wait on hold

Yesterday, Chancellor Jeremy Hunt delivered his Autumn Statement. We have sifted through the details and hope the following highlights, which we feel will be the most significant to our clients, will be helpful.

Golf clubs have several different income streams that often takes them over the VAT threshold for UK VAT. This leads them to submit a Monthly, Quarterly or Annual VAT return. Most commonly golf clubs will submit quarterly returns. For Golf Clubs, being VAT registered opens the door for them to have to complete a partial exemption calculation.

Members’ sports clubs take on many forms of business structure.  Two of the most common structures, Community Amateur Sports Clubs (CASC) and unincorporated Members’ Clubs.

Last Wednesday night (1 November) we held the first of two autumn Rural Seminars. Our first seminar hosted by our…

21 November 2023

Watch out for scams…  Protect yourself and your money HMRC is reminding customers to be wary of approaches made by fraudsters…

1 November 2023

HMRC has released a new tool to assist with understanding what a tax code means, how it is made…