News & Press

One of the most important aims of all businesses is to pay the correct but the lowest amount of tax possible and to ensure that this is achieved it is usually advisable to consult a tax consultant. Tax consultants are financial experts who...

In recent months, HM Revenue and Customs (HMRC) have been clamping down on undeclared income and also many tax-avoidance schemes which sought to gain a tax advantage for its schemes’ users. The recent introduction Accelerated Payment Notices...

Most businesses offer some form of entertainment for their staff as a normal part of business operations to reward, incentivise or encourage their employees. The tax issues in this area are often misunderstood, resulting in many questions,...

Businesses can receive a tax credit for qualifying expenditure on research and development (R&D) depending on the businesses size. As a maximum a company could save £46 of tax for every £100 of qualifying expense.What qualifies as R&D...

In the past few months, the Chancellor of the Exchequer, George Osborne, has taken steps towards making the buy-to-let market in the UK less attractive by introducing a number of tax changes. These measures have also been introduced to...

In recent years, the UK Government and Mr Osborne have been trying to encourage more first time buyers to step onto the property ladder. One of the main ways in which they are aiming to achieve this is to increase the supply of housing...

No one likes the thought or process of dealing with a tax enquiry from HMRC, whether in relation to the tax affairs of their business or on an individual basis. Whilst a small number of tax enquiries are still random checks (especially in...

The surprise result from the EU Referendum no doubt means a period of uncertainty and change, likely to last years, rather than weeks. Whilst the EU does not currently specifically dictate tax rates and regulation, it does impose bands and...

All businesses face tax challenges but within certain sectors there are specific issues that are very common across many firms. The bio-tech sector is one in which there are a number of such common themes including the need to raise funds,...

Most taxpayers are familiar with the Self-Assessment system which HM Revenue and Customs (HMRC) uses to collect Income Tax from individual taxpayers. This system has been in place for many years in order for the Government to collect taxes...

Many people see the appeal of having their own limited company, whether this is because of their status or perceived image to their friends. Or even maybe because it is the most logical thing to do from a tax planning perspective. This is...

There may come a time when you decide to sell whole or part of your business and the reasons behind your decision can vary. You want to retire or the next generation are not interested in going into the family business. You may even...