Newsletter
Autumn 2015
Our lead article in this newsletter considers the news stories that implied that it would be 'easy' to get out of paying an automatic £100 minimum penalty for the late filing of a self-assessment tax return. HMRC have announced some changes to how they will use their right to send out fixed penalty notices in a fair and proportionate way but self-assessment tax returns still need to be submitted on time...
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The merits of Early Conciliation
In 2014 an 'Early Conciliation' process became available to help settle an employee's dispute with an employer without going to an Employment Tribunal...
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Spreading income around the family
We look at anti-avoidance rules for shareholder-directors of the same family when paying dividends....
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Maximising tax relief for two homes
Owner managers have increasingly chosen to operate their businesses through the company medium in recent years as some regulation has reduced for the smaller company...
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The new flat-rate State Pension
Looking forward to the new flat-rate State Pension scheme and what it will mean for those approaching retirement...
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Should I continue trading through a limited company?
The Summer 2015 Budget announced fundamental changes to the way in which dividends are taxed. We look at the new rules and whether individuals who extract profits from their company as dividends may need to consider whether to increase dividend payments before the new rules take effect...
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Feature article
Entrepreneurs' Relief
Entrepreneurs' Relief (ER) has been around for many years. However, it appears that HMRC are now taking a more active interest in ER claims and the Government has recently tweaked some of the rules. We consider below the main rules in respect of individual shareholders in limited companies...
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Annual Investment Allowance set at £200,000
The Annual Investment Allowance (AIA) provides an immediate deduction to many businesses for the cost of most plant and machinery (not cars) purchased by a business up to an annual limit...
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Pensions - maximising the opportunities for tax relief
The recent substantial changes to the rules for accessing money purchase pensions and the treatment of funds remaining on death has sparked increased interest in pension fund provision. A clear understanding is needed to ensure tax efficiency is obtained and tax charges are avoided...
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