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 […]

Dealing with an estate after the death of a loved one: A step by step guide

Following the loss of a loved one, there can be a lot to deal with, and having to go through the administrative process too can feel quite overwhelming at such a difficult time. If you have been appointed as the Executor in the Will (if there is one) then it becomes your responsibility to deal […]

Use of Deeds of Variation

Written by Tax Partner, Michaela Lamb In an ideal world, everyone would take tax advice before drafting their Will to ensure that not only are their loved ones taken care of, but that this is done as tax efficiently as possible, both now and in the future.   Unfortunately, this is not always the case, […]

Wills, IHT Planning and what the current intestacy rules could mean for those left behind

Intestacy Without a Will (or where the Will is not valid), the assets in your Estate will be distributed in accordance with the Intestacy Rules – please see here for our visual guide to this here. These rules are designed to ensure that members of your immediate family are taken care of. However, they ignore […]

Webinar: Employee Ownership Trusts (EOTs)

We invite you to join us and Tim Palmer, our Tax Consultant, at our webinar on Wednesday morning 13th 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 […]

Leaving a Charitable Legacy

Written by Tax Partner, Michaela Lamb Many people make monthly or annual gifts to charity during their lifetime, and in doing so are able to take advantage of gift aid rules which help both the charity and them personally, with HMRC providing a generous benefit to both parties. However, far fewer people make a charitable […]

Webinar: Be a tax efficient business from inception to exit

We invite you to join us and Toby Hermitage, Tax Partner, at our webinar on 29 November 2023. Our webinar will focus on the key phases of a typical fast growth business and take you through a number of ways to optimise for tax to maximise your chances of success, including how to raise tax […]

Webinar: Business tax refresher and planning

Register here We invite you to join us and Tim Palmer, Tax Consultant, at our webinar on 24th October for a business tax refresher and planning.   During this session, Tim will be covering:   Tax refresher and planning for self-employed clients and partnerships The switch to the fiscal year basis Capital allowances update Tax […]

HMRC Enquiries & How to Reduce the Risk of Being Selected

HMRC enquiries can be time-consuming and stressful. We shall consider why they happen and what steps you can take to reduce your chances of being selected.   Why Have I Been Selected?  It could be as simple as HMRC randomly selecting your tax return, or it could be as a result of:   Errors, inconsistencies, […]

Should I incorporate my buy to let property business?

Written by Tax Partner, Michaela Lamb Since the announcement made in the 2015 Summer Budget introducing a restriction on the tax relief provided on mortgage interest for individuals, the most common question we have been asked is “Should I incorporate my Buy to Let Property Business?”. Translated this is simply, “should I put my property […]