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Construction Sector: Reverse Charge VAT

Those working in the UK's construction industry will have to handle and pay VAT differently from 1 March 2021, unless there's another last-minute Government u-turn. The reverse charge affects VAT-registered businesses that operate under the construction industry scheme (CIS). These [...]

2021-01-18T16:59:25+00:00January 18th, 2021|VAT|

Strategies for Exports After Brexit

The UK has left the EU, and for British exporters, that presents both opportunity and uncertainty. While the new trade agreement places no tariffs or quotas on goods traded between the UK and EU from 1 January 2021, it may [...]

2021-01-18T16:59:25+00:00January 18th, 2021|Business|

How to Manage Cashflow in Your Business

Even before the pandemic, cashflow problems were among the main causes of business failure. The danger is they can be hard to spot if other financial measures, such as profit, are looking positive. In many cases the signs aren't obvious [...]

2020-12-02T16:23:47+00:00December 2nd, 2020|Business|

Gains on UK Residential Property

Earlier this year, a new rule requiring capital gains tax on UK residential property to be reported and paid to HMRC within 30 days kicked in. From 6 April 2020, anyone making a taxable gain from the sale of an [...]

2020-12-02T16:23:47+00:00December 2nd, 2020|Property Tax|

Taxes When Moving Home

If you are considering moving home in the second half of 2020/21, you are by no means alone. In the month leading up to 8 August 2020, 149,000 properties were put on the market – the highest number since before [...]

2020-10-05T11:41:57+01:00October 5th, 2020|Personal Tax|

Mortgage Interest Relief for Landlords

Historically, landlords have enjoyed generous income and capital gains tax reliefs which helped make residential property an attractive investment for those looking to add to their monthly incomes or provide for retirement. But over the years the Treasury has eroded [...]

2020-10-05T11:41:57+01:00October 5th, 2020|Property Tax|

Winter Economy Plan

On 24 September 2020, Rishi Sunak announced his 'winter economy plan'. This is not an extension of the furlough scheme, which still ends on 31 October 2020 as planned. The replacement 'job support scheme' will run for six months between [...]

2020-10-05T11:41:57+01:00October 5th, 2020|Business|

How Much Is Your Business Worth?

Whether you're making exit plans or you want to give confidence to investors, knowing the value of your business is a vital step. As a starting point, it's important to work out what it is you're actually selling. Is it [...]

2020-09-01T16:43:31+01:00September 1st, 2020|Business|

Get on Top of Your Tax Return

With everything that's happened so far this year, it might be easy to forget your obligations to file a tax return for 2019/20 by midnight on 31 January 2021. There's good reason to get your information to us as soon [...]

2020-09-01T16:43:31+01:00September 1st, 2020|Personal Tax|

Corporate Tax Planning 2020/21

Looking forward through the next 12 months, tax management and planning could play an important role in helping your business survive these uncertain times. Now is a good time to review whether the tax planning strategies of your business both [...]

2020-08-04T11:26:48+01:00August 4th, 2020|Corporate Tax|
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