Videos

YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC5DQjg2RDQyMEVGQkZFOEVF Chris Wilkins, a founding partner of Wilkins Southworth Chartered Certified Accountants, delivers an insightful presentation at the Bolt Angels Limited Annual General Meeting held on 29th November 2024. Drawing on years of expertise in accounting and financial consulting, Chris shares valuable strategies for business growth, tax efficiency, and sustainable financial management. Watch this engaging session to learn key takeaways that can help businesses thrive in a competitive landscape. Bolt offers its investors a unique opportunity to indirectly own stakes in high-potential companies like JAAQ through Bolt Angel Investments. https://www.boltangels.co.uk/ Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW #Angelinvesting #steveboltonuk #boltangels
Chris Wilkins Addresses Bolt Angels Limited AGM | 29th November 2024
January 20, 2025 6:37 pm
Chris Wilkins, a founding partner of Wilkins Southworth Chartered Certified Accountants, delivers an insightful presentation at the Bolt Angels Limited Annual General Meeting held on 29th November 2024. Drawing on years of expertise in accounting and financial consulting, Chris shares valuable strategies for business growth, tax efficiency, and sustainable financial management. Watch this engaging session to learn key takeaways that can help businesses thrive in a competitive landscape. Bolt offers its investors a unique opportunity to indirectly own stakes in high-potential companies like JAAQ through Bolt Angel Investments. https://www.boltangels.co.uk/ Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW #Angelinvesting #steveboltonuk #boltangels
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC5DQjg2RDQyMEVGQkZFOEVF

Chris Wilkins Addresses Bolt Angels Limited AGM | 29th November 2024

Understanding Agricultural and Business Property Reliefs. Inheritance tax on farms. Agricultural and Business Property Reliefs – Navigating the 2024 Reforms: The October budget introduced significant reforms to Inheritance Tax, particularly Agricultural Property Relief and Business Property Relief. At the moment, qualifying agricultural and business assets benefit from 100% or 50% relief, making estate planning more manageable for families. Changes to agricultural property relief However, new rules will take effect on 6 April 2026, potentially increasing inheritance tax liabilities and sparking concern among property and business owners. Understanding these changes is essential to protecting your assets and planning for the future. Inheritance tax on farms can significantly impact the transfer of agricultural property between generations. However, provisions such as Agricultural and Business Property Reliefs (ABPR) can help reduce the inheritance tax charge, provided eligibility criteria are met. Business Property Relief (BPR) and Agricultural Property Relief (APR) are vital tools for minimising farm inheritance tax and ensuring the continuity of family-run agricultural operations. Changes to agricultural property relief regulations may affect the availability of these tax breaks, emphasising the importance of understanding the specific requirements. By leveraging these reliefs effectively, families can mitigate the tax burden on agricultural and business property, safeguarding their farms for future generations. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC4wQUE0QzM4MkJGQ0YwQjUx

Agricultural and Business Property Reliefs - Inheritance Tax

Companies House ID verification rules and recent changes Companies House recently released draft ID verification rules to clamp down on fraudulent activity as part of a broader programme. As the net continues to tighten on corporate fraud, a range of public bodies, such as Companies House, are instigating additional protective measures. While this will add to the expense and the information required when setting up and managing a company, there are significant long-term benefits. Your accountant will be aware of the changes, but having some background knowledge about your obligations as a company director is also useful. New legislation As part of a raft of new changes at Companies House, draft ID verification compliance rules have been released. While still encouraging and supportive of entrepreneurial spirit, it’s important to reduce the risk of fraudulent activity and rogue directors retaining positions of influence. Looking at the broader picture, this will help create a more trusting and lawful environment in which to set up and manage companies going forward. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW #CompaniesHouseVerification #CompaniesHouseID #CompaniesHouse
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC5GMDBDNkJGMzYzREUyMTYw

Companies House: New Identity Verification Rules

HMRC switched the default tax return for the self-employed, sole traders, and some partnerships from an accrual basis to a cash basis. Shift to Cash Basis Accounting for Self-Employed and Sole Traders On the surface, the switch from accrual to cash basis accounting may seem fairly irrelevant; some may see it as a positive move. It is only when you begin to look below the surface that the potential challenges emerge. Those previously using an accrual basis before the 2024/25 tax year may need to provide additional information to facilitate the switch to cash basis accounting. Before we look at this change in more detail, it’s essential to recognise that cash basis accounting has been an option for the self-employed, sole traders, and unlimited partnership members since 2013, but accrual basis accounting was the default before the 2024/25 tax year. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC5CMUM0NzY5NzdEQzlGRjAx

Shift to Cash Basis Accounting - Cash basis vs. Accrual basis

Is AI recruitment at HMRC the way forward? In recent months, there has been significant focus on an AI-driven recruitment process with no human interaction. There is a degree of mystery and intrigue regarding HMRC, how it works, how it’s supposed to work and the number of employees. While there is no doubt that AI technology is significantly impacting productivity and the number of enquiries handled, there are growing concerns. The revelation that AI recruitment at HMRC is now commonplace, with some “interviews” without human interaction, has shocked many people. As always, it’s important to consider the wider picture before weighing the pros and cons of the recruitment process. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC5EMzJDRTUwQjBEOUVFQzAw

AI recruitment at HMRC - Is AI the way forward?

Visit danbradbury.com and see @danbradbury4067 Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC4zQTkzRjgxRTY0OEU0MkM3

Dan Bradbury talks to Chris Wilkins about exiting your business

Chris Wilkins takes the stage at Paul Selman’s exclusive conference! Paul, a property investor, mentor, and multiple 7-figure business owner, hosts this event where Chris shares his expertise on property investment, business growth, and the mindset that drives success. If you’re looking for practical advice and inspiration to level up your own journey in property or business, this is one you won’t want to miss! Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. @realpaulselman #taxtips #accountancy Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC4xNTZBNUQxMDZBQzFGMjkw

Chris Wilkins is the guest speaker at a Paul Selman's conference

Chris talks to Matt Fiddes, his instructors and franchisees about tax planning. Matt Fiddes is one of the world’s biggest and most recognised chains of Martial Arts Schools which was founded in 1996. Matt is a respected expert in the international world of martial arts, fitness and entrepreneurship. He holds a 7th Degree Black Belt in Tae Kwon Do and Black Belts in Kickboxing and Kung Fu. He was also Michael Jackson’s personal bodyguard.Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW #MattFiddes
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC5CNTcxMDQ0NThBNzMxODYz

Chris Wilkins talks to Matt Fiddes, his instructors and franchisees about tax planning

Chris Wilkins talks about on buying and converting commercial properties including considerations on the different types of entity that could buy property and the respective pros and cons of each different scenario. This video is a must watch for all budding property investors as Chris discusses corporation tax, capital gains tax, inheritance tax, VAT, ATED (Annual Tax on Enveloped Dwellings), income tax and everything in between. Progressive Property Commercial Conversion Excellence Course Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. For more information on the Bounce Back Loans Scheme or the accounting services we provide, please feel free to contact us by post, telephone, fax or e-mail using the details below. Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW #PropertyConversion #commercialproperty #property
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC42Qzk5MkEzQjVFQjYwRDA4

Chris Wilkins Tax Lecture at Progressive Property Ventures Commercial Conversion Excellence Course

The Dan Bradbury Podcast with Chris Wilkins - ASK YOUR ACCOUNTANT Dan speaks to Chris Wilkins of Wilkins Southworth Accountants about the questions your should be asking your accountant, If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. For more information on the Bounce Back Loans Scheme or the accounting services we provide, please feel free to contact us by post, telephone, fax or e-mail using the details below. Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC4zMEQ1MEIyRTFGNzhDQzFB

The Dan Bradbury Podcast with Chris Wilkins - ASK YOUR ACCOUNTANT

Chris Wilkins, of Wilkins Southworth property tax accountant, discusses the importance of proper business tax planning and management at the Progressive Property Retreat Event. He provided insights on how to optimise tax strategies to maximise profits and minimise liabilities. Attendees were able to gain valuable information on how to navigate the complex world of business taxes. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Property Management Accounting, Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. For more information on the Bounce Back Loans Scheme or the accounting services we provide, please feel free to contact us by post, telephone, fax or e-mail using the details below. Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW More on Progressive Property https://www.progressiveproperty.co.uk/ @ProgressiveProperty #progressiveproperty #businessTax #Property
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC40QzRDOEU0QUYwNUIxN0M1

Wilkins Southworth - Progressive Property Retreat on 13 October 2022

* Recorded before Rishi Sunak became Prime Minister * Rob Moore At the age of 25, Rob Moore was £50k in consumer debt; less than five years later, a self-made multi-millionaire. He co-founded the Progressive Group – starting with Progressive Property, then Progressive Successes and the Entrepreneurs Business academy (EBA). Rob’s training companies are one of the largest in the UK, & now globally. He continues to disrupt as an entrepreneur and businessman, with interests ranging from property development to public speaking and digital media. He is a writer, communicator, social media influencer and philanthropist. His 8 books have been translated into more than a dozen languages and received over 9,000 reviews, and 200 1 stars! Having given 1,500+ speeches in the last decade Rob is a sought after keynote speaker. Known for his ‘Rob’s Rants’ and direct, tactical content, using his real life business experience. Rob is a mentor to many millionaires and celebrities and has helped 10,000s of start and scale up entrepreneurs. Rob has interviewed 15 billionaires and over 150 of the most successful people on the planet in multiple disciplines. Rob is RISE board member on the Princes Trust & did the highest recorded single raise. Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video UEw3elM5Qkw0cGgtVnJFeXRPNFFYVTdKcENLLVc5a19wZC5DNkMwRUI2MkI4QkI4NDFG

Rob Moore talks to Chris Wilkins about business structures and tax strategies

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Chris Wilkins, a founding partner of Wilkins Southworth Chartered Certified Accountants, delivers an insightful presentation at the Bolt Angels Limited Annual General Meeting held on 29th November 2024. Drawing on years of expertise in accounting and financial consulting, Chris shares valuable strategies for business growth, tax efficiency, and sustainable financial management. Watch this engaging session to learn key takeaways that can help businesses thrive in a competitive landscape. Bolt offers its investors a unique opportunity to indirectly own stakes in high-potential companies like JAAQ through Bolt Angel Investments. https://www.boltangels.co.uk/ Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW #Angelinvesting #steveboltonuk #boltangels
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLmNlSGdBYWN0Y2VZ

Chris Wilkins Addresses Bolt Angels Limited AGM | 29th November 2024

Understanding Agricultural and Business Property Reliefs. Inheritance tax on farms. Agricultural and Business Property Reliefs – Navigating the 2024 Reforms: The October budget introduced significant reforms to Inheritance Tax, particularly Agricultural Property Relief and Business Property Relief. At the moment, qualifying agricultural and business assets benefit from 100% or 50% relief, making estate planning more manageable for families. Changes to agricultural property relief However, new rules will take effect on 6 April 2026, potentially increasing inheritance tax liabilities and sparking concern among property and business owners. Understanding these changes is essential to protecting your assets and planning for the future. Inheritance tax on farms can significantly impact the transfer of agricultural property between generations. However, provisions such as Agricultural and Business Property Reliefs (ABPR) can help reduce the inheritance tax charge, provided eligibility criteria are met. Business Property Relief (BPR) and Agricultural Property Relief (APR) are vital tools for minimising farm inheritance tax and ensuring the continuity of family-run agricultural operations. Changes to agricultural property relief regulations may affect the availability of these tax breaks, emphasising the importance of understanding the specific requirements. By leveraging these reliefs effectively, families can mitigate the tax burden on agricultural and business property, safeguarding their farms for future generations. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLkRYM3BXUUJXRC00

Agricultural and Business Property Reliefs - Inheritance Tax

Companies House ID verification rules and recent changes Companies House recently released draft ID verification rules to clamp down on fraudulent activity as part of a broader programme. As the net continues to tighten on corporate fraud, a range of public bodies, such as Companies House, are instigating additional protective measures. While this will add to the expense and the information required when setting up and managing a company, there are significant long-term benefits. Your accountant will be aware of the changes, but having some background knowledge about your obligations as a company director is also useful. New legislation As part of a raft of new changes at Companies House, draft ID verification compliance rules have been released. While still encouraging and supportive of entrepreneurial spirit, it’s important to reduce the risk of fraudulent activity and rogue directors retaining positions of influence. Looking at the broader picture, this will help create a more trusting and lawful environment in which to set up and manage companies going forward. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW #CompaniesHouseVerification #CompaniesHouseID #CompaniesHouse
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLkd1amZvbHFUem9B

Companies House: New Identity Verification Rules

HMRC switched the default tax return for the self-employed, sole traders, and some partnerships from an accrual basis to a cash basis. Shift to Cash Basis Accounting for Self-Employed and Sole Traders On the surface, the switch from accrual to cash basis accounting may seem fairly irrelevant; some may see it as a positive move. It is only when you begin to look below the surface that the potential challenges emerge. Those previously using an accrual basis before the 2024/25 tax year may need to provide additional information to facilitate the switch to cash basis accounting. Before we look at this change in more detail, it’s essential to recognise that cash basis accounting has been an option for the self-employed, sole traders, and unlimited partnership members since 2013, but accrual basis accounting was the default before the 2024/25 tax year. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLmg2V2Z6cXcwUzhz

Shift to Cash Basis Accounting - Cash basis vs. Accrual basis

Is AI recruitment at HMRC the way forward? In recent months, there has been significant focus on an AI-driven recruitment process with no human interaction. There is a degree of mystery and intrigue regarding HMRC, how it works, how it’s supposed to work and the number of employees. While there is no doubt that AI technology is significantly impacting productivity and the number of enquiries handled, there are growing concerns. The revelation that AI recruitment at HMRC is now commonplace, with some “interviews” without human interaction, has shocked many people. As always, it’s important to consider the wider picture before weighing the pros and cons of the recruitment process. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLnNMS3ZONEJvM2Zv

AI recruitment at HMRC - Is AI the way forward?

Taxpayers Left on Hold: HMRC not answering the phone! Tax compliance is rarely straightforward, but the 2022/23 tax year presented taxpayers with an additional challenge: HMRC call waiting times 2024. Collectively, callers spent over 7 million hours on hold last year—the equivalent of 798 years. This stark figure represents a sharp decline in service quality, more than doubling from 3.2 million hours in 2019/20. The growing call waiting times at HMRC highlight more profound, systemic challenges within public services, compounded by funding constraints and workforce pressures. With no immediate solutions on the horizon, the outlook for taxpayers and businesses remains uncertain—underscoring the urgent need for reform and investment in this critical area of public administration. Waiting times on hmrc calls are prompting pressing questions about the future of HMRC’s service delivery. Can digitisation ease the burden, or are taxpayers facing an even steeper climb before improvements take hold? Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLnNXVEJwMHAzTExB

HMRC Call Waiting Crisis - Call waiting times at HMRC

The outbreak of the COVID pandemic threw the world into chaos, with individuals, businesses, and entire economies teetering on the brink of collapse. As the dust settles, HMRC is uncovering staggering levels of fraud, with individuals and businesses exploiting loopholes, stolen identities, and shell companies to pocket millions. Now, a dedicated taskforce is racing against time to recover these misused funds and restore accountability to one of the most significant financial interventions in UK history. Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLlhSTVFRbFlfUVlN

HMRC Targeting Fraudulent COVID Financial Support

Furnished Holiday Let Tax Changes - FHLs Are you worried about the future of your furnished holiday let investments? Here's what you need to know to stay ahead. The Labour government may have announced the recent changes to the Furnished Holiday Let (FHL) tax regime, but this shift has been in motion since the previous government began pushing for reform. The goal is straightforward: to align FHL tax rules with the broader regulations governing rental property income. While these changes, set to take effect in April 2025, will bring significant adjustments for those invested in holiday lets, there’s still plenty of time to take advantage of the current system—and prepare for what’s next. At Wilkins Southworth, we provide a comprehensive range of accountancy services with professionalism and care. From accounting and auditing to personal, property, and corporate tax matters, we offer expert advice tailored to your needs. Our expertise includes offshore tax issues, such as domicile and residency, ensuring your international tax affairs are managed effectively and compliantly. With a strong international focus, we have built extensive experience in navigating Double Taxation Treaties and liaising with tax authorities worldwide. This allows us to deliver seamless support for clients with cross-border financial interests. . Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLllCN2NmeTVpZ1lF

Furnished holiday lets: FHLs Why the benefits are far from over

Tax benefits of a Limited Liability Partnership A Limited Liability Partnership (LLP) combines features of limited partnerships and limited companies, making it a popular choice for high-value professions like law, accounting, and consultancy. When it comes to taxation, LPs and LLPs are often described as “pass-through vehicles”, meaning that the partnership’s gross profits are paid annually to the partners. LLP payments are recognised as gross income for each partner, and the individual must fulfil their tax liability. In essence, each partner is treated as self-employed, based on their profit share from the LLP, and is obliged to lodge a self-assessment return each tax year. At Wilkins Southworth, we provide a comprehensive range of accountancy services with professionalism and care. From accounting and auditing to personal, property, and corporate tax matters, we offer expert advice tailored to your needs. Our expertise includes offshore tax issues, such as domicile and residency, ensuring your international tax affairs are managed effectively and compliantly. With a strong international focus, we have built extensive experience in navigating Double Taxation Treaties and liaising with tax authorities worldwide. This allows us to deliver seamless support for clients with cross-border financial interests. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about Tax Advantages for LLPs or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLmpTQmc3bjlCMzJB

LLPs Tax Benefits - Tax Advantages for LLPs

Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLlAyN0o2NjhWSUNz

Chris Wilkins explains some of the intricacies of Business Asset Disposal Relief.

Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLklHd2stTjlpbnZr

Tax implications when selling property. #property #propertytax #tax #taxadvice #accountancy

Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLkhxd3hsVHhrZVBV

Chris Wilkins talks about property tax and the unknown unknowns.

Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLnIxQmRmLUpiTmgw

Chris Wilkins talks about Separate Limited Company structures

Wilkins Southworth is a friendly accountants practice based in Barnes, South West London. The practice has an international aspect that means we have built up a bank of experience in dealing with Double Taxation Treaties and liaising with tax offices around the world. Business Tax and Property Tax Articles and Videos Chris Wilkins is often invited to write tax and accounting articles for magazines, journals and trade publications. https://www.wilkinssouthworth.co.uk/articles-seminars/overview/ Visit this section for a selection of articles that have been published in recent years. If you have questions about this or other Tax and Accounting issues then please drop a line on our web page contact section https://wilkinssouthworth.co.uk/contact-us as this is the quickest way to receive a response. https://wilkinssouthworth.co.uk/contact-us Wilkins Southworth Telephone: 020 8878 3949 E-mail: cw@wilkinssouthworth.co.uk **Property, Tax and Business articles** https://wilkinssouthworth.co.uk/articles/ For more information please visit https://www.wilkinssouthworth.co.uk Wilkins Southworth 10-12 High Street, Barnes, London SW13 9LW
YouTube Video VVVmcW82RDl5V1NsNDkxZjI1Tmx2MU5BLld0Mmk0dXJmcy1Z

How should you own a property

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