Freeports: a good opportunity when expanding to the UK?

14.06.21 / Insight posted in Articles

Announced by the UK government as one of their key post-Brexit ideas, freeports are expected to help “turbo-charge post-Brexit trade”. The UK government set out how it would establish these innovative freeports across the UK to “create jobs, drive investment and regenerate communities”. Freeports are designated zones where the normal tax and tariff rules of…

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Moore Kingston Smith Financial Advisers: market outlook for May 2021

10.06.21 / Insight posted in Articles

Each month, Moore Kingston Smith Financial Advisers Limited invites one of the leading Investment Management firms to provide us with a commentary on their current views on the markets. As a Chartered Independent Financial Advisory firm, we are not linked to any one financial institution and the recommendations we make are based solely upon the…

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Professional Firms Insight: how professional firms are affected by the capital allowances super-deduction

09.06.21 / Insight posted in Articles

The Chancellor of the Exchequer announced in this year’s Budget the introduction of a capital allowances super-deduction. Between 1 April 2021 and 31 March 2023, companies will be eligible for an upfront 130% tax deduction for qualifying expenditure on plant and machinery. During the same period, companies that incur qualifying expenditure on assets that would…

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To PEO or not to PEO: are Professional Employer Organizations as favourable in the UK as the US?

02.06.21 / Insight posted in Articles

Professional employment organizations (PEOs) have long been a preferred employee management option for small to medium-sized US businesses. They work by streamlining the administration of HR functions including payroll, compliance and compensation, which can mount when managing employees across several US states. This allows businesses to provide employees with access to better, more affordable benefits…

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First-time buyer relief and the Stamp Duty Land Tax holiday

27.05.21 / Insight posted in Articles

Stamp Duty Land Tax (SDLT) first-time buyer relief became available in November 2017 for qualifying buyers paying up to £500,000 for a dwelling in England and Northern Ireland. Where the relief applies, no SDLT is paid on the first £300,000 of the purchase price. Any amount in excess of £300,000 then attracts SDLT at the standard rate…

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2021 Q1 sees return of investor confidence as UK growth capital fundraising hits ten-year high

27.05.21 / Insight posted in Articles

2021 has seen a very robust start to the year. A significant increase in deal volume and the return of larger deals (£10+ million) in particular, suggests that the UK growth capital market is regaining steady momentum. As per previous quarters, tech-enabled businesses have continued to be the most popular choice for investors, accounting for…

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HMRC loses on appeal to the Upper Tribunal in Kaye Adams IR35 case

26.05.21 / Insight posted in Articles

The off-payroll working rules were introduced to the private sector in April 2021 for medium and large organisations. Before the new rules, it was up to the contractor to determine their own employment status. Organisations receiving services from contractors must now assess the employment status of contractors they use and ensure PAYE is operated where…

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Recovery matters: major changes to insolvency legislation

25.05.21 / Insight posted in Articles

There have been some recent major changes to insolvency legislation which are affecting the everyday advice we give our clients. HMRC as a preferential creditor Virtually under the radar, the government passed legislation on 1 December 2020 giving HMRC preferential creditor status for all amounts of VAT and PAYE which have been helpfully deferred by…

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CreaTech Ones to Watch 2021 – apply now!

13.05.21 / Insight posted in Articles

Moore Kingston Smith are thrilled to partner with the Creative Industries Council on the judging and collation of the CreaTech Ones to Watch 2021 – an initiative that seeks to showcase the inspiring examples of where creativity and technology have converged within the UK. We are therefore asking businesses from within the UK that have…

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Moore Kingston Smith advises Arachnys Information Services on its sale to AML RightSource

06.05.21 / Insight posted in Articles

Arachnys Information Services Limited (Arachnys), a developer of financial crime risk assessment software, engaged our corporate finance team to provide transaction support on its sale to AML RightSource. AML RightSource is a US consultancy which provides anti-money laundering (AML), Bank Secrecy Act and financial crimes compliance solutions and is backed by US private equity firm,…

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