Estate planning and administration

20.07.22

Getting the right advice and planning ahead is crucial for estate planning and administration, as we cannot always predict what will happen in the future. As soon as you start accumulating assets and have dependants, or simply enter into a marriage or civil partnership, you should be thinking about protection and planning for the future.…

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Will preparation

20.07.22

A Will is a legal declaration of how you wish the assets in your estate to be dealt with after your death. Will preparation makes it much easier for your family or friends to administer your assets when you die. If you die without a Will the process can be more time consuming and stressful.…

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Seed Enterprise Investment Scheme (SEIS)

20.07.22

The Seed Enterprise Investment Scheme (SEIS) is designed to help small companies to raise finance when in the early stage of starting up. SEIS offers a range of tax reliefs to individual investors who purchase new shares in those companies.

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Research and development (R&D) agnostic guide

20.07.22

Leveraging valuable tax relief to fund business growth Research and development (R&D) tax credits are a government initiative designed to reward UK businesses for investing in innovation. Despite there being so many qualifying activities, business owners are leaving millions of pounds in potential savings on the table. This is money they’re missing out on that…

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Cash extraction from the family company

20.07.22

One of the most important issues for the family company can be taking money out of the business in the most efficient manner. Areas to consider for cash extraction What are the requirements of individual family members; in both the short and long term? How much cash should you be retaining in the business? What…

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UK Personal Tax – Compliance

20.07.22

The Self Assessment (SA) regime was introduced in 1997 and despite proposals for an overhaul, there is currently no timetable for change. As financial institutions now share information directly with HM Revenue & Customs (HMRC), it is more important than ever that UK personal tax compliance obligations are recognised and disclosures made on a timely…

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The role of an Executor

20.07.22

The people are legally allowed to deal with a deceased person’s estate are generally referred to as the Executors (nominated as such in a Will) or Administrators (where there is no Will). The term “personal representatives” is often used in reference to both Executors and Administrators. Acting as an Executor of a Will can be…

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Domicile for UK Tax Purposes

20.07.22

Domicile is a legal concept which impacts on an individual’s UK tax position, and simplistically, an individual is domiciled in the place they consider to be their permanent home and where they have the closest ties. It is a concept that is separate to nationality and legal residence or citizenship. It is possible for an…

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Guide to inflation

15.07.22

As of May 2022, UK consumers are paying 9.1% more for everyday goods than they were a year ago – the highest rate of price increases in decades. Consumers can guard against rising prices by fixing certain outgoings, such as energy bills, loans and mortgages. But what about their savings and investments? Our guide to…

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Creative sector tax reliefs: orchestra tax relief

23.04.22

An orchestral production company (OPC) may be eligible for orchestra tax relief (OTR) in respect of expenditure incurred in producing an orchestral concert. The relief increases the amount of expenditure that is allowable as a deduction for tax purposes and, if the company makes a loss, allows some or all of that loss to be…

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