News & Press

At the end of each financial year the directors are required to prepare financial statements for that year in accordance with company law and accountancy standards. Those financial statements may be subject to an audit because it is a...

Okay you have got your brilliant idea and have set up your company as this is the way you are going to make it big. But now you are a director there are certain obligations under company and tax law that you are going to need to comply...

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...

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...

Bad debt provision is governed by FRS 26 which implements IAS 39, Recognition and Measurement. For those adopting international standards IFRS 9 would apply. Small businesses may apply FRSSE. In regards bad debt provision the standards remain...

There are various reasons why you might want to sell your business. The main reasons tend to be that you feel you have got the business as far as you can take it and you now want to realise some value. Preparing for this moment is essential...

The alternative lending business contains a number of specific tax issues and opportunities and it is understanding these, planning accordingly and meeting the compliance requirements that are going help you to minimise your tax...

This is evident from the passing of the Civil Partnership Act 2004 which enabled same sex partnerships to have the same rights as opposite-sex couples. This came into force in the UK on 5 December 2005. Further to this, in March 2014, the UK...

When running a small business, one of the most important supplier relationships may be with your accountant. This is because they deal with your Companies House and tax issues on your behalf of course, but also because you rely heavily on the...

Unfortunately tax doesn’t end with getting married, and there are no honeymoons from HMRC, but don’t let that get you down. Below read some tax benefits of marriage, especially if you’re old.IMPORTANT NOTE:Throughout this article, and the...

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,...

Do I fancy that slice of birthday cake your colleague just bought into the office? Or do I fancy just one more biscuit to dunk in my morning tea? Everyone loves a cake or some biscuits whether this is at home or in the office. But no matter...