Rachel Reeves’ First Budget Unveiled: Tax Perspectives, Analysis and Action
Own shares in a business? Need to think about the Budget and your assets? Worried about the changes to Inheritance Tax and pensions? Join Gravita on Thursday 14 November 2024 at 9:00am, for a deep dive into what the Autumn Budget means for business owners and their families. The session is hosted by Gravita’s […]
Santander UK: Economic & Markets (Budget Special)
We invite you to a comprehensive webinar hosted by Santander Corporate and Commercial Bank’s Risk Solutions Group, featuring panel guests Tom Adcock, Gravita Tax Partner, and Frances Haque, Santander UK’s Chief Economist. DATE: Wednesday 13 November TIME: 11am – 12pm Register here The panel: Thomas Adcock, Tax Partner at Gravita Tom advises a large number […]
Directors’ remuneration: A practical guide for shareholders and directors of small and medium-sized enterprises
Written by Accounts Partner, Mark Rubinson For directors and shareholders of small and medium-sized enterprises (SMEs), structuring your remuneration is one of the most important financial decisions you’ll make. Most directors aim to minimise their tax liabilities. The key challenge is to find the right balance between salary and dividends while complying with legal requirements […]
Making Tax Digital – Time for action
Written by Director of Transformation, Russell Frayne Making Tax Digital for Income Tax (MTD ITSA) is a government initiative aimed at modernising the tax return process. Businesses and individuals will need to keep digital records of transactions, sending quarterly updates to HMRC. The Government hopes that the quarterly submissions will enable a more accurate projection […]
What are the latest trends on AIM? An October 2024 review
Written by Audit Partner, Joseph Brewer In this article, Joseph Brewer, a partner in our listed audit team, reviews the latest statistics and trends on the AIM market. As a specialist adviser to AIM listed businesses, Gravita acts as auditor AIM listed businesses with a combined value of over £500m. Small cap businesses remain the […]
What restaurants need to know about the UK’s new tipping law
Written by Outsourcing Partner, Sudhir Rawal What is the Employment (Allocation of Tips) Act 2023? The Employment (Allocation of Tips) Act 2023 came into effect on 1st October. It aims to ensure that hospitality workers receive 100% of tips, gratuities, and service charges. The headline is that the legislation prevents employers from keeping any […]
IR35: The Bigger Picture
Written by Gravita Tax Consultant, Tim Palmer Tim Palmer, Gravita’s Tax Consultant, considers the present IR35 problems for bigger engagers. Nowadays the onus is very much placed on larger organisations who regularly engage personal service companies to decide if the intermediaries legislation (commonly known as IR35) applies to their particular engagement. For example, […]
How Gravita Successfully Defended a Client’s R&D Tax Relief Claim in an HMRC Investigation
Written by Tax Partner, Dion Laycock Gravita’s team, led by Dion Laycock, Head of Tax Investigations, used their expertise in R&D tax to successfully defend a client in a recent HMRC investigation in an important victory for innovators. R&D tax credit reliefs are a useful incentive for innovation in the UK. They let businesses […]
IFRS Accounting for Natural Resource Exploration: A Refresher
Written by Audit Partner, Joseph Brewer As leading auditors for SME businesses involved in natural resource exploration—including those listed on AIM and AQSE—we frequently provide guidance on the correct application of IFRS. The standard that governs this area is IFRS 6, but confusion often arises regarding its applicability and the proper application of its rules […]
The Statement of Recommended Practice (SORP) for Charities: What you need to know
Written by Audit Partner, Shona Munday The Statement of Recommended Practice (SORP) for charities in the UK is a crucial framework that guides the preparation of financial statements and annual reports for charitable organisations. This framework ensures that charities present their financial information transparently and consistently, maintaining the accounting standards. What is charity SORP? […]