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Latest Blog Posts

An important part of our job is to keep up to date with the latest legislation, to report on Budgets and any other developments which might affect you and your business.

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Blogs

Informed v guesswork

First, let’s define these terms. “informed” – a decision or judgement based on an understanding of the facts of the situation. “guesswork” the process or

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Outlook for employment

Government continues to be optimistic about the outlook for employment. In a recent press release they said: “Furlough numbers have fallen to their lowest level

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The 7-year rule

If there is any Inheritance Tax to pay on gifts you make during your lifetime, it is charged at 40% on gifts given in the

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Package holiday refunds

Package holiday companies have been instructed to respect the refund rights of holidaymakers ahead of the summer period. In a recent press release, this is

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Running a limited company

Limited companies are owned by shareholders and managed by directors. Very often, especially in the case of smaller companies, the owners and managers (shareholders and

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Data Protection obligations

Everyone in business that handles personal data must register for data protection purposes with the Information Commissioners Office. Most business will need to pay an

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New Recovery Loan Scheme

A new government backed loan scheme was launched 6 April 2021. A recent news story confirming the details is reproduced below: The scheme, which was

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Challenges for 2021-22

The new tax year starts 6 April 2021, and without dwelling too much on the historical trickery that has landed us with this odd commencement

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Super-deductions, what are they?

Perhaps the most innovative give-away in the recent budget was “Super-deductions for investment expenditure”. What does this mean? Companies that invest in qualifying plant and

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The Finance Bill 2021

An outline of the Finance Bill 2021 has been published and provides the legal framework for changes announced in the recent Budget. We have reproduced

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SEISS – the net widens

One aspect of the recent budget will please self-employed business owners that have previously been unable to claim under the Self-Employed Income Support Scheme (SEISS)

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Stealth Tax

You may have noticed that a certain phrase came up more than once in the Chancellor’s Budget speech last week. The phrase went something like

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