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Never stop learning
Our blog will help you to find new and exciting ways to improve your business operation. Whether through articles from our in-house tax experts, a list of top tips for improving your business workflows, or just updates from the world tailored with our opinions, there is something here for everyone.
Housing boom makes inheritance tax planning more important than ever
We take a look at why recent housing market predictions could make more of your estate liable to inheritance tax.
Strategic Alliance, the art of getting it right
In the current economic climate, businesses must look at new ways to win customers. As such, many firms are now looking at strategic alliances which allow them to access new segments of the market.
If properly executed, a strategic alliance can be good for business and good for the consumer. A strategic alliance is similar to a joint venture, in that everyone remains an individual entity but comes together for a single purpose or period of time to create something that could not otherwise be created.
New dawn for construction industry but have you registered for the CIS?
As a new dawn breaks for the construction industry, we take a closer look at the Construction Industry Scheme.
Does more self-employment mean more IR35 risk?
The number of self-employed people in the UK increased by 367,000 between 2008 and 2012. This number is sure to have grown further during the last 12 months, but does this rise correspond to more IR35 risk?
Tax relief for the creative sector
If you run a business involving the creation of animation programs, high-end TV programs, or video games, you can look forward to extra tax relief on production costs. This results in corporation tax relief on no less than 200% of the actual costs of UK expenditure up to a maximum of 80% of the total core expenditure.
HMRC Taskforce – The Northern Light
HMRC has announced four new taskforces to investigate tax evasion in specific commercial and geographical sectors. The taskforces bring together various compliance teams for what they term an intensive burst of targeted activity.
The mobile market
According to recent figures from Ofcom,...
Property Letting – Furnished or Unfurnished?
This has always been an important distinction, as only furnished lettings entitle you to the valuable annual wear and tear allowance of 10% of the rents. Now it is definitely worth reviewing whether you could show the property is furnished given that the renewals basis for replacing items in commercial or residential properties let unfurnished ceased from 6 April 2013.
Tax free transfer of properties to company
This is often a moot point, but following a recent tax tribunal decision (Elizabeth Moyne Ramsey v HMRC UKUT266) we now know that it is a business for the purposes of claiming CGT roll-over relief on incorporation of a property letting activity. That means no immediate tax charge on incorporation.
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