Tax for Companies / May 28th 2019

What are tax free trivial benefits?

Sensitive company information in the public domain can be used by various stakeholders such as employees or in particular competitors to gain an advantage. A classic example of this, and an accountants worst nightmare, is when the detailed profit and loss account pages that are appended to the financial statements are file

The headline thresholds for companies that are required to be audited have not changed for a number of years: £10.2m turnover; £5.1 assets; and 50 staff.  However, below the surface are a number of exceptions and you will need to consider these when assessing if your company or group requires an audit this year or next.

It was only at our annual insurance review meeting with our brokers (Churchill Insurance Consultants Ltd) that it was highlighted to me that the Insurance Act 2015 existed. Essentially the act deals with the non-disclosure of material facts in regards to insurance taken out by companies.  You will remember seeing the va

The last few years have seen a number of controversial changes to the UK tax system, and for buy-to-let landlords, the new legislation has proved particularly costly. Cuts to tax relief and hikes in stamp duty have seen profits from residential lettings dwindle, with some BTL landlords struggling to stay afloat. In light of

Whether you’re an experienced investor or a first-time landlord looking to dip your toe into the market for the very first time, VAT can be a complex and often confusing issue. In this article, we’ll look at some of the ways in which VAT can affect the sale, purchase price and rental income of commercial property and pr

When it comes to selling your business, preparation is everything and it must start years beforehand. There are a number of key elements that require focus: Establishing the business’ story (history, current standing and prospects) Selecting the right accounting policies Ensuring that your tax position is co

When it comes to selling your business, preparation is everything and it must start years beforehand. There are a number of key elements that require focus: Establishing the business’ story (history, current standing and prospects) Selecting the right accounting policies Ensuring that your tax position is co

In the autumn budget in October last year, the government announced fresh changes to the UK tax system, making good on their campaign promises to cut income tax rates and increase the personal allowance. The new legislation means millions of UK households will be better off, with basic-rate taxpayers recouping, on average,

The UK will soon be leaving the European Union. While the details and timings of Brexit remain a topic of parliamentary debate, at this stage it appears the UK will leave one way or another. There is a high chance that the UK will be leaving the European Union without any transitional arrangements which you will have hea