About Moore Kingston Smith Licenced Insolvency Practitioners

12.09.19 / Insight posted in

Moore Kingston Smith Licenced Insolvency Practitioners is the business recovery and restructuring arm of Moore Kingston Smith LLP.

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Employment tax review

06.09.19 / Insight posted in

The issues surrounding the operation of PAYE and the treatment of expenses and benefits can often be confusing. It can be a hidden time bomb for charities and other not for profit organisations if problems are allowed to persist from year to year.

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Tax relief for expenditure on property

06.09.19 / Insight posted in

Many business owners are aware of the tax allowances available for items of plant and machinery acquired to use in the course of their trade, but not so many understand how tax relief can be obtained for expenditure on their business property, whether that be an office, a factory, or a room at home.

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Profit fragmentation – Rules

06.09.19 / Insight posted in

The ‘profit fragmentation rules’ aim to tax profits which have been moved from UK individuals, partners or companies to offshore entities. The rules apply for transactions on or after 1 April 2019 (companies) or from 6 April 2019 (individuals).

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Personal tax – compliance

06.09.19 / Insight posted in

Self Assessment as we know it was introduced in 1997 and there are proposals for a dramatic overhaul of the regime as part of the Government’s tax simplification strategy. With institutions sharing information directly with HM Revenue & Customs (HMRC) as it targets tax evasion and avoidance, it is more important than ever that personal…

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Investor’s relief

06.09.19 / Insight posted in

• Investors’ relief provides capital gains tax relief for external investors in unlisted trading companies. • Qualifying gains under the relief are taxed at a reduced capital gains tax rate of 10%, this compares to the standard rate of capital gains tax for higher rate taxpayers of 20%. • A maximum lifetime cap of £10,000,000…

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Employee ownership trusts

06.09.19 / Insight posted in

Shareholders of trading companies, who wish to share ownership of their companies with their employees, can sell some or all of their shares to Employee Ownership Trusts (EOTs) without incurring a Capital gains tax (CGT) liability.

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Charity Workshop newsletter 2019

02.09.19 / Insight posted in

Welcome to our latest Charity newsletter, specifically written for the charity sector. In this issue: Good governance update Data protection – what’s new? Increasing holiday pay for staff working overtime Charity fundraising and VAT Measuring your charity’s impact Charities going digital Kingston Smith Creative Vision Award winners! Charity seminars – The 60 minute guide to…

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Professional Firms Insight – Summer 2019

14.08.19 / Insight posted in Articles

In this issue, we examine two old tax issues facing professional firms that have reared their heads again in recent times. Firstly, following recent HMRC announcements, we look at the different ways that a partner can claim tax relief on business expenses paid out of their own pockets. Secondly, after several years of inactivity, it appears that HMRC are now checking compliance with…

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Tech update

13.08.19 / Insight posted in Articles

In this edition, we summarise our key takeaways from the Createch conference that took place in London in June. We also demystify some common misconceptions around R&D tax credits and guest author Pat Saini, Partner at Penningtons Manches Cooper, explores the immigration options for tech companies and entrepreneurs looking to bring talent to the UK.…

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