Business insight and opinion
We cover a wide range of topics in our regular insight articles. Have any ideas for something you’d like us to cover? Get in touch.
Considering whether to register your business for VAT? We can provide you with comprehensive information on the appropriate timing and process for VAT registration, as well as the main reasons for doing it.
When selling a property, it’s important to consider Principal Private Residence Relief (PPR). Reach out to us to discuss how PPR can potentially lower or even eradicate your capital gains tax obligations
As a VAT-registered entity, are you adhering to the rules for issuing VAT invoices and claiming against invoices from suppliers? We can conduct a review of your invoicing procedures to ensure full compliance with all necessary requirements.
Considering purchasing or leasing a new asset for your business? We’re here to guide you through understanding the distinctions between hire purchase and lease rental, including their respective impacts on your taxes and cash flow.
Have you considered preparing for your retirement? We offer valuable advice for developing an effective pension strategy, tailored for directors, partners, and sole traders.
Are you familiar with the term ‘payments on account’? Understanding this concept is crucial if you have income sources beyond your regular employment. It’s essential to know about payments on account and their role in the income tax process.
If you’re contributing funds or equipment to a charity, it’s important to ensure you’re applying the correct tax treatments and maintaining accurate records.
Are you moving funds or assets to others as part of managing your wealth? Using potentially exempt transfers (PETs) might offer a tax-effective method to minimize your inheritance tax (IHT) obligations
Have you received advances? In specific situations, these might lead to Section 455 tax implications. We’ll clarify the key rules and factors to consider.