Tax planning can be a broad and complex area. Unfortunately, many people ignore opportunities to save money on their taxes. We can assist by recommending appropriate solutions to help you save or reduce the tax you pay. With careful tax planning, it may be possible to mitigate taxes and make them much more manageable
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Tax Return Deadline
HMRC have been reminding everyone through radio, TV and the newspapers that the filing deadline for 2013/14 tax returns is 31st January 2015.
If your tax return is not received and accepted by HMRC prior to this date then a penalty of £100 will be charged even if there is no tax to pay. Any tax liabilities must also […]
You may have seen commentary, following the Autumn Statement, on the changes to the treatment of goodwill when a business is incorporated.
These changes will impact on business owners looking to claim Entrepreneurs Relief (“ER”) on the disposal of their business to a company.
Previous position
Prior to the Autumn Statement ER has been available to reduce capital gains tax (“CGT”)payable on gains […]
The Government is continuing to promote research and development (R&D) with a range of tax incentives. R&D capital expenditure is liable to an automatic 100% deduction under capital allowances so it is worth considering the possible benefits to your business.
There are two schemes, one for large companies and one for ‘small and medium sized enterprise’ (SME) companies. Both schemes provide […]
A number of Government approved investment schemes are available to encourage private individuals to invest in smaller high risk unquoted trading companies, and now in social enterprises. Various tax reliefs are available to encourage investment. Here we provide a round-up of your options.
All the schemes have detailed rules on qualifying investors, the investment vehicle and type of investment. The schemes […]
It is important to be aware of the alternative means of finance while your business is in a healthy position. Leave it too late, when there are doubts the funds can be returned to the shareholder, and issues may arise with tax relief for the loss of funds.
If you run a family business, a shareholder will not always consider the […]
Asset allocation aims to balance the risks of any investment with its potential returns. We do this based on your financial goals, your risk profile and the term over which you’re looking to invest. To find out more about how we can help you to determine the asset allocation model that best suits you and your objectives, please contact us.
Investment […]
A key aspect of improving your business is getting reliable financial data that you can understand.
If you are confident in your accounting system you can use the information to make the right financial decisions for your business.
This could help you identify profitable areas of the business to grow and highlight loss making activities where a change in approach, pricing or […]
Your pension can be the next biggest asset in a divorce after the family home, so it is important that it’s not overlooked. It can be split in various ways and it’s worth understanding the different options.
Beginning again following a divorce can be a daunting time, not to mention a busy one, but it’s crucial that newly single people review […]
International trading is often perceived to be confined to the realms of large businesses, but there can be generous benefits for small and medium sized enterprises too. International business can create avenues of opportunity previously unattainable in domestic markets.
Before starting out
To ensure that your objectives are realistic, in-depth market research is essential. You should consider the following key areas:
levels of […]