Deposits, Christmas Parties, employee gifts and VAT
Written by VAT Partner, Sandy Cochrane Tis the season, and we know that many employers and employees have been excitedly preparing for their Christmas parties. Sadly, for many, we are hearing that disappointment ‘strikes’ again, following the recently announced train strikes, affecting many whose Christmas parties fall on those days, and where their only means […]
Why outsource your accounting function this Christmas
In the ever-evolving landscape of business, staying ahead with your accounting requirements can often divert valuable resource and attention from strategic initiatives. Good news, it is not too late to ease the burden by outsourcing to a reliable partner, and as the Christmas season approaches, the benefits of outsourcing your accounting functions become increasingly apparent. […]
Staff Christmas Parties, Gifts and Trivial Benefits to your employees, but what are the tax implications?
Written by Senior Tax Manager, Lekhrani Gya-Roopun Before you succumb to the Christmas vibes and start opening your advent calendars, below are some helpful tax tips on how to keep the taxman’s paws off your Christmas spending. Why let the taxman spoil the Christmas cheer! Gifts and Trivial Benefits for staff With Christmas being the […]
Webinar: Employee Ownership Trusts (EOTs)
We invite you to join us and Tim Palmer, our Tax Consultant, at our webinar on Wednesday morning 13 December 2023 entitled ‘Employee Ownership Trusts’. During this session, Tim will be covering: The tax benefits for the vendor, in selling their company shares to an EOT HMRC clearance Creating an EOT, and financing its acquisition […]
Autumn Statement 2023 – Gravita Highlights
Written by Tax Partner, Michaela Lamb Today’s Autumn Statement has been as highly anticipated as any Budget in recent years. Many were touting it as the Government’s last chance to tempt the voting public with reasons to keep him and his party in Government ahead of the widely anticipated general election next year. However, with […]
Doing business in the UK
Gravita has a team of experts who smoothly guide overseas companies. The UK continues to be one of the most attractive places for global businesses to locate to in the world. With one of the most robust and trusted legal systems in the world, for hundreds of years businesses and assets have been far […]
Webinar recording: VAT and the Construction Industry
Sandy Cochrane, Gravita’s head of VAT, presented a 45 minute webinar addressing and explaining the main VAT problem areas that both contractors and subcontractors currently face in the construction industry. The areas covered in this webinar were: General overview The Domestic Reverse charge: understanding the supply chain and whether the contractor or the supplier has […]
Cyber Awareness Month: Why it’s important for your business
Written by Head of Gravita’s Technology Sector, Ben Chernoff Ever since 2004, October has been named as Cyber Awareness month. It’s a month designed to highlight the importance of the risks to businesses and how best to protect themselves. But with big changes in recent years, this year feels more important than ever to make […]
Marginal Relief for Corporation Tax
Since April 2023, the number of companies that your company is associated with may have increased, resulting in paying a higher rate of tax on your profits and paying the tax more regularly. The corporation tax rates brought in mean that more profitable companies pay tax at a higher rate. The Corporation Tax Rate From […]
Webinar recording: R&D reinvented – Unlocking the power of innovation in the tech sector
Since 1st April 2023, significant changes have shaken the landscape of R&D tax relief, specifically impacting businesses, especially those in the technology sector. These changes, introduce a whole new dimension to R&D claims, requiring businesses to submit substantial additional information. During this 45-minute webinar, we delved into the following key points: Unveiling the […]