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Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
Giving money to charity to save inheritance tax
Giving money to charity to save inheritance tax One way to reduce the amount that the taxman takes from an estate in inheritance tax is to make a donation to charity. This is can be particularly tax effective. The donation is taken off your estate before inheritance tax is...
Financial Support – Update – 23 March 2020
Financial Support - Update – Coronavirus (COVID-19) Crisis Further to our financial support summary on Friday, we have been looking at each of the announcements in more detail over the weekend, with more information available on who is entitled to apply for the various support ...
Financial Support Information – Coronavirus (COVID-19) Crisis – 20 March 2020
FINANCIAL SUPPORT INFORMATION – CORONAVIRUS (COVID-19) CRISIS In order to support our clients in the current climate, and indeed provide advice to other businesses out there, we have summarised below some of the financial support packages which have been...
COVID-19 Health Crisis In the interests of the safety and wellbeing of our staff, clients, and their families, our staff will be working remotely rather than from the office, and will not attend client sites, until further notice. We will also avoid holding physical meetin...
The Budget 2020 Our summary focuses on the tax measures which may affect you, your family and your business. To help you decipher what was said we have included our own comments. If you have any questions, please do not hesitate to ...
Changing a will after death As long as certain conditions are met, it is possible to change a will after death. This is known as a post-death variation, and it can be a useful tax planning tool. A post-death variation can be made to: ...
Winding up your personal service company
Winding up your personal service company Come April 2020, many workers who have been providing their services through an intermediary, such as a personal service company, may find that their company is no longer needed. This may be for a number of factors: -...
Annual investment allowance or writing down allowance?
Annual investment allowance or writing down allowance? The way in which relief for capital expenditure is given depends on the way in which the accounts are prepared. For companies, sole traders and partnerships not eligible to use the cash basis, accounts must be prepar...
What to do if you need to change your tax return
What to do if you need to change your tax return You made it and filed your self-assessment tax return for 2018/19 by the 31 January 2020. However, having felt pleased with yourself, you realise to your horror that you have made a mistake and need to correct your return. ...
Do you know about this tax exemption for business trips?
Incidental overnight expenses A tax exemption enables an employer to meet small personal expenses when an employee stays away from home for work, without the employee suffering a tax charge and without any need to report the expenses to HMRC. What are incident...
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