News

Read our latest Practice News as well as sector specific and accountancy updates from across the UK.

Salary sacrifice and Auto Enrolment

With pension auto enrolment applying to more and more employers, we look at the options for using a salary sacrifice scheme to deliver tax savings for the employer and the employee. Salary sacrifice takes place when an employee gives up the right to part of their remuneration in return for the employer providing the employee […]

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Looking forward to the Lifetime ISA – if you are under 40

One of the most significant announcements in the Spring Budget was the news of the Lifetime ISA. The Lifetime ISA will give a government top up of 25% of the amount invested and the ability to accumulate savings income tax free – just like a pension. In addition, there is the ability to eventually withdraw […]

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A new breed of State Pensioners

Those who reached State Pension age on or after 6 April 2016 have the privilege of being the first recipients of the new, supposedly ‘flat rate’ State Pension. Although the headline flat rate has been set at £155.65 per week nearly everyone is receiving a different amount to this. There are a number of reasons […]

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The new regime for dividends and interest

6 April 2016 saw the introduction of new dividend and savings allowances as well as revised rates of taxation on dividends. In a changing landscape for personal tax, it is crucial to understand the opportunities and pitfalls in the new regime. What is the new regime? Dividend Income Any dividends received by an individual on […]

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Farmers Averaging – The New Rules

There have been significant adjustments to the averaging legislation. As of 6 April 2016, farmers have the choice as to whether they average their profits over five years, two years or not at all. A ‘volatility test’ must be taken to check whether averaging over five years is an option. There are two ways of […]

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News

Staff News Summer/Autumn 2020

Appointments Since our last newsletter two new faces have joined our team in Berwick. Diane Lyons has  joined our Accounts team and Loren Veitch has started work alongside our Wealth Management team. In September we also welcomed back Danielle Campbell to our Corporate Services/Tax team following the birth of daughter Evelyn Grace last year. Work […]


Blog

Tax and Crypto Assets

2009 saw the launch of Bitcoin. Originally seen as being just for geeks and possibly hackers, crypto assets are becoming more common and even considered mainstream by many. HMRC has noted this increased interest in crypto assets. If you invest or trade in crypto assets and you pay taxes in the UK, you need to […]