Date What’s Due 1 November Corporation tax payment for the year to 31/1/24 (unless quarterly instalments apply) 19 November Employer PAYE & NIC deductions, and CIS return and tax, for the month to 5/11/24 (due 22/11 if you pay electronically) 1 December Corporation tax payment for the year to 29/2/24 (unless quarterly instalments apply) 19 […]
Labour shortages, particularly in the hospitality sector, are creating significant challenges for many businesses this year. Managing your costs while trying to maintain service quality and customer relations can be a difficult balance. Given the difficulty in hiring sufficient staff, many of you will be investing in technology to increase your efficiency. Luckily, the Annual […]
Taxpayers have a fundamental right to reclaim input tax, also referred to as input VAT. However, HMRC has the authority to refuse this right under certain conditions if they can demonstrate that the taxpayer was aware, or should have been aware, that their transactions were linked to fraud. There has been a noticeable rise in […]
With the news that the Government intends to increase Capital Gains Tax Business Asset Disposal Relief from April 2025 many business owners will be considering a swift sale of their company before this date. Philip Munk, discusses why companies should include acquisition as part of their growth strategy and how to identify what the best […]
Surrey-based accountancy firm, TWP, has warned that sweeping fiscal changes announced by Chancellor Rachel Reeves will hit SMEs and business owners hard as the Government seeks to plug a ‘£22 billion black hole’ in the public purse. In one of the most hotly anticipated Autumn Budgets in recent years, the Chancellor announced the Government’s plan […]
A new Government, a new Chancellor and a new approach to the UK’s fiscal policies.
Rachel Reeves entered her first Budget with a strong message that her measures would lead to “an economy that is growing, creating wealth and opportunity for all”.
With the news that the Government intends to increase Capital Gains Tax Business Asset Disposal Relief for Entrepreneurs selling their business from April 2025 we will be having more conversations with clients who are considering a swift sale of their company. Philip Munk, discusses what the best strategy is likely to be, for any business […]
When it comes to managing your investments, you may have come across various strategies that aim to balance risk and reward. One such method that is gaining popularity among both seasoned and novice investors is the core-satellite strategy. This approach offers a way to create a diversified portfolio while still allowing room for higher-risk opportunities. […]
When it comes to taking money from your pension, careful planning is essential to minimise your tax liability and maximise the longevity of your savings. Here is how we recommend you structure your pension drawdowns effectively. Use your tax-free lump sum wisely You can withdraw up to 25 per cent of your pension as a […]
Venture capital trusts (VCTs) offer an opportunity to invest in smaller UK companies while benefiting from attractive tax reliefs. As an investor, you can receive income tax relief of up to 30 per cent on your investment, tax-free dividends, and no Capital Gains Tax when you sell your VCT shares. However, these benefits come with […]
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