Blog

Industry insights from our expert team


Salary Sacrifice Arrangements

By David Hughes, Managing Director
on 30/07/2018

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VAT and Brexit

By David Hughes, Managing Director
on 30/07/2018

B2B buying and selling goods to EU Buying goods from EU at the moment UK Co gives EU Co it’s VAT number Goods move from EU to UK VAT and duty free French supplier zero rates the supply UK Co does the acquisition tax in box 2 and accounts for input VAT, so no impact …

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Entrepreneurs relief (ER) quick recap

By David Hughes, Managing Director
on 30/07/2018

Entrepreneurs relief (ER) quick recap   Entrepreneurs’ Relief reduces the amount of Capital Gains Tax payable when you dispose of (sell) shares in all or part of your business from 20% to 10%.   There’s no limit to how many times you can claim and you can claim up to £10 million of relief during …

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What Can You Claim When Working Form Home

By David Hughes, Managing Director
on 30/07/2018

Working from home for Directors Introduction  If you work from home, you can claim ‘home as office’ expenses. There is an HMRC allowance, however, you may be able to claim more with justification. HMRC allowance HMRC have a fixed allowance of £4 per week (£18 per month) you can claim without any evidence of working …

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IR35 and the Proposed Changes

By David Hughes, Managing Director
on 30/07/2018

As we know, the IR35 ‘off payroll’ rules will be extended to the private sector from April 2020 onwards, directly affecting a large number of contractors. From the conversations that we have held with many market experts, we believe that this is likely to impact around 10% of the flexible work force. But we do …

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Landlords Expenses and Interest on Buy-to-Let Mortgages

By David Hughes, Managing Director
on 30/07/2018

In this article, we cover the expenses a landlord can claim against the income from renting a property and also a reminder of the changes to the tax allowable on interest for buy to let mortgages. Landlords Expenses Introduction As a landlord you incur expenses and the good news is that you can reduce your …

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Tips for Making Tax Digital

By David Hughes, Managing Director
on 30/07/2018

By Steve Blissett The Making Tax Digital (MTD) countdown is on. Here is a summary of the plans for MTD to help you prepare: • From April 2019, businesses and landlords that are registered for VAT and have a turnover above the VAT registration threshold of £85,000 will be required to keep digital records for …

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Why Directors Have Unique Financial Planning Requirements

By David Hughes, Managing Director
on 30/07/2018

Guest article by Phil Jenkins, Chartered Financial Adviser, Wren Sterling Company directors have more options than employees when it comes to financial planning because they can utilise their business to create a remuneration strategy. However, as Phil Jenkins (a Chartered Financial Planner at Wren Sterling) explains, with opportunity comes complexity. The financial planning landscape for company …

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Childcare Scheme Changes

By David Hughes, Managing Director
on 30/07/2018

By Steve Blissett The new childcare rules are a little confusing. Here are some notes to clarify the options available. Exec summary If you already enjoy the tax benefits of Employer-Supported Childcare (ESC) schemes like the childcare vouchers, then these are set to continue as long as you join before September 2018. There is no …

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Good to Know: Start-up Funding Options

By David Hughes, Managing Director
on 30/07/2018

By Steve Blissett When you have settled on a business plan and how much funding assistance is needed, and what it will be used for, it is time to consider what funding option is best for your business. Stepping out into the start-up journey can be a stressful time, and so I wanted to prepare …

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