Running a company car scheme

A guide to setting up a company car scheme and the tax implications of doing so. A company car is something that can benefit both employers and employees, provided you plan accordingly. Important questions to ask yourself are: what kind of car should you choose? how are you going to fund it? how many employees … Continued


Estate Planning

A guide to making sure that your estate goes to the right people when you die. Effective estate planning ensures that your property and/or possessions go to the people you choose when you die. It can also be financially beneficial to the recipients of your estate as it can reduce the amount of tax paid … Continued


Succession planning for a family business

A guide to transferring a business to a family member. There are more than 3 million family businesses in the UK, which between them employ more than 9 million people and contribute 15% to GDP. Despite these successes, family businesses often experience difficulties when it comes to passing their businesses to younger generations. Research has … Continued


Personal Tax Planning

A guide to reducing an individual’s tax liability. The overriding aim of all personal tax planning is to legally reduce the amount of tax paid on an individual’s income. This income can come from a number of sources and the tax reduction strategies available will be based on the reliefs and allowances applicable to each … Continued


Insider April 2016

Lack of management skills limit business growth A lack of leadership and management skills may be inhibiting the growth of businesses. Just under half of new start-ups in the UK last less than 3 years. The UK also has a growing productivity gap, currently 18% below the G7 average. A report by the Federation of … Continued


Budget Report 2016

Please click on the link below to view the 2016 Budget Report Budget Report


Residence and domicile

A guide to understanding the terms residence and domicile as well as their legal and tax implications. A large part of a person’s legal identity is based upon where they live at any one time and how long they will be staying there. If you stay in the UK for a prolonged period of time, … Continued


Salary or dividend?

What’s the most tax-efficient way to pay yourself in 2016/17? Owner-managers and contractors often pay themselves in a combination of salaries, bonuses and dividends. A common strategy is to draw a salary of around £8,000 while also extracting profits from the business as a dividend. A salary of £8,060 (for the 2015/16 tax year) preserves … Continued


Insider March 2016

Pension freedom barriers to be removed The government has introduced a range of measures aimed at removing barriers that may be stopping people from being able to access their pensions. In January, the Chancellor announced that he would be giving the Financial Conduct Authority (FCA) the duty to cap excessive early exit charges. FCA data … Continued


Travel & Subsistence

The system of employee benefits and taxes for those who travel for the purposes of work is undergoing change. Every day the roads and railways of this country are filled with employees travelling as part of their jobs, and incurring a host of costs and expenses along the way. The system of benefits and taxation … Continued