Changes at Companies House
Companies House will soon undergo the most significant reorganisation in its 180-year history.
2024 Spring Budget Update
Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’.
Directors Loans
Before the introduction of the Corporation Tax Act 2010 Section 455 it was possible to take out an indefinite loan from your company and avoid income tax.
Changes in research and development tax relief
In recent months, the UK government has focused on enhancing research and development (R&D) spending, primarily by adjusting the tax system.
Associated companies and corporation tax
As if the increase in the primary corporation tax rate, from 19% to 25%, wasn't enough, on 1 April 2023, HMRC changed the associated company status rules.
How to Set Up an LLP
The subject of personal liability is crucial when it comes to a partnership or business, as it can put your personal assets at risk.
Basis Period Reform
If you are self-employed (sole trader) or part of a partnership; with a business year-end date outside of 31 March to 5 April, you must take advice from your accountant.
Buy-to-let mortgages, interest relief and tax avoidance
Most private landlords hold property in their name, although recent changes in mortgage interest relief have prompted many to consider switching to a company.
HMRC responds to landlord hybrid partnership scheme
Since HMRC began to taper mortgage interest tax relief in the 2017/18 tax year, we have seen the emergence of schemes looking to maximise income by minimising tax liabilities.
Settlements Legislation: School fee Schemes
Over the years, we have seen many "tax efficient" schemes come and go concerning the payment of school fees. This has been closely followed by tightening regulations after some high-profile court disputes.