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Dividend allowance
The government announced at the summer 2015 Budget, that a new dividend allowance of £5,000 will be introduced from 6 April 2016.…
Do you know what you are selling?
We hope that you know what you are selling: watches, cars, hedge cutters…we hope that your accountant knows what you are selling…
Emergency Budget Round-up
Chancellor George Osborne revealed a mixed bag of measures that will affect small businesses around the UK in the new coalition…
January 2011 Questions and Answers
This is a round-up of questions that have been raised by clients over the past few weeks. They are being posted here for general…
How to get your bank to say YES!
How much does it cost to get a bank to say "YES!" Sir Mervyn King's £140 billion scheme announced last week to lubricate the banking…
January 2018 Q&A
Q. I have recently bought a residential property to rent out. To enable me to purchase this property I took out a mortgage on my…
March 2016 Q&A
Q. What are the implications of selling my Scottish home? I own and live in a property in Scotland. What are the implications of…
Brexit may be in limbo, but Making Tax Digital is not
As we have highlighted in many posts to this blog, from 1 April 2019, ALL VAT registered businesses with turnover above the £85,000…
October 2015 Q&A
Q. I am a VAT-registered sole trader, owning a cycle shop in my local town. I am thinking of opening a second shop in another town…
Don’t look back!
One of the many quotes bandied around by people is: “don’t look back, you’re not going that way…” Like many clichés,…
February 2016 Q&A
Q. Did my extended leave constitute a cessation of trade? I have been the sole director of a trading limited company for many years.…
Advance notice
Last week the Treasury issued draft clauses for the forthcoming Finance Bill (to be published after the Autumn Budget later this…
Clothing for employees
If you provide clothes for your staff to wear at work you need to be aware of the tax and VAT implications which may vary according…
Shared Parental Leave and Pay
Where a child is due to be born (or adopted) on or after 5 April 2015, its parents will be entitled to share the 52 weeks of maternity…
Why looking back is as important as looking forward
We are always being told not to look back. “Don’t look back, you are not going that way” is one saying that I come across…