You may have heard of cryptocurrencies like Bitcoin and Ethereum, or seen PayPal supporting ‘crypto’ payments, and thought they sound like another language. As cryptocurrency creeps into the mainstream, we’ve pulled together a beginner’s guide to help you understand cryptocurrency and what you need to know from
Read more →Did you know that most trusts, whether they have a UK tax liability or not, will now need to be registered on the Trust Registration Service (TRS)? It’s possible that some trustees are unaware of their TRS obligations or have neglected to register a trust given the
Read more →With the Corporation Tax main rate on company profits of more than £250,000 set to increase to 25 per cent in April 2023, businesses will be keener than ever to identify ways to claim relief on their activities. Land Remediation Relief (LRR) is one such route. Available
Read more →At lunchtime today, we saw Rishi Sunak, Chancellor of the Exchequer, set out the Government’s 2021 Autumn Budget and Spending Review. Despite the flurry of announcements from the Chancellor’s office over the last few days, there was still considerable ground to cover in his speech today. Mr
Read more →Many people think of cryptocurrency as an investment: something you could buy in the hopes that it will increase in value. But Bitcoin and other cryptocurrencies are increasingly creeping into day-to-day life and becoming a real financial consideration for individuals who might have previously seen cryptocurrency as
Read more →A company can pay dividends to its shareholders at any time as a reward for investing in the business and as a way of distributing company profits. Because of the way that they are awarded, however, many directors unknowingly pay illegal dividends. How are dividends paid? Two
Read more →Our last blog answered some big questions: What is Cryptocurrency? And how might crypto tax and crypto assets impact my finances? But there’s a lot more to understand about cryptocurrencies. Our experts have increasingly been asked to explain Bitcoin mining, or crypto mining, and how to declare
Read more →Many small business directors find themselves in a position where they want to borrow money from their cash rich businesses. It’s tempting to draw down funds using their Director’s Loan Account (DLA), however, many do so without fully understanding the potential tax consequences. Is the loan affordable?
Read more →Cryptocurrency is the buzzword of 2021 – but what is it, and how does it affect you? A cryptocurrency is a digital or virtual currency that uses cryptography as a security feature, making it almost impossible to duplicate or counterfeit. Cryptocurrency is growing in popularity as a
Read more →We’re reminding clients who’ve utilised the furlough scheme that the Government’s contribution towards employee wages will be reduced from 1st July. From this date, employers will only be able to claim 70 per cent of employee wages and will be required to top this up to 80
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