The recent passing of the Finance Bill 2017 saw new legislation for tax changes announced by the Chancellor in the Autumn Budget 2017. The key areas of focus were clamping down on tax avoidance, supporting businesses and innovation. To separate fact from fiction, we’ve put together a
Read more →More than six months into the revised IR35 regime for the public sector and reports show that more contractors are being caught by the legislation. This, combined with announcements in the Autumn Budget that the rules could soon be rolled out to include the private sector, makes
Read more →Phillip Hammond set out his first Budget as Chancellor with the declaration that he was preparing the UK for a ‘new relationship with the European Union (EU) and a new Future outside of the EU’. He took the opportunity, as many of his predecessors have, to take
Read more →You may think a company car offers great benefits for both the business and the employee, but have you considered all of the tax implications? Any car owned by a company, which is used by an employee for personal use, will attract a benefit in kind charge
Read more →The Global Restructuring Group (GRG) was Royal Bank of Scotland’s (RBS) former turnaround division for struggling businesses, before it was shut down in 2014 following allegations of mistreatment. 16,000 companies were allegedly pushed into the GRG unit after the onset of the financial and banking crisis of
Read more →Land Remediation Relief (LRR) offers a big incentive to businesses and land owners that bring contaminated and derelict land back to productive use. Introduced in 2001 and redesigned in 2009, LRR offers a relief on Corporation Tax equal to 150% of the qualifying expenditure that was incurred
Read more →Working with universities to create live briefs and modules works both ways; students receive real-world experience, often at the cutting edge of that industry. Small companies then receive access to the latest technology in the industry and get to work with creative, passionate students who are eager
Read more →Property developers could gain a lucrative tax break by using Entrepreneurs’ Relief, though there are several qualifying factors to keep in mind. Entrepreneurs’ Relief reduces Capital Gains Tax for individuals to just 10 per cent when disposing of all or part of a qualifying business. However, there
Read more →North West accountants, Champion Accountants, has recruited a new management accountant to strengthen its cloud-based accounting offering. The appointment of Elle Najar comes during increasing demand for Champion Accountants’ Xero offering, which has seen the number of clients using the platform grow by more than a third
Read more →Author is Simon Berry, Senior Investment Executive at FW Capital SMEs are ambitious yet without a solid funding stream, this ambition could be nothing more than a pipe dream. Whether it’s new equipment, cash injections or extra working capital, businesses need money to continue growing. Here at
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