Monthly Focus
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MONTHLY FOCUS: PROFIT EXTRACTION FOR 2023/24
With the January filing season out of the way, thoughts will soon turn to year-end planning, particularly for close company owner managers. In this Monthly Focus, we look at the position for 2023/24, incorporating changes made - including the NI cut from 6 January 2024.
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MONTHLY FOCUS: IHT PLANNING WITH BUSINESS PROPERTY RELIEF
Ahead of the next General Election, there are rumours that inheritance tax (IHT) may be cut. It is unlikely to be abolished altogether, so it will still be important to take steps to mitigate your exposure as much as possible. How can business property relief be used in IHT planning?
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SPECIAL FOCUS: AUTUMN STATEMENT 2023
The Chancellor delivered his Autumns Statement on 22 November 2023. National Insurance took the headlines, but there were other changes to note once the tax documents were published. In this Special Focus, we look at the key announcements and consider their practical impact.
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MONTHLY FOCUS: SIMPLIFYING YOUR VAT REPORTING
Let's suppose you have just exceeded the VAT registration threshold. You are concerned about the level of complexity VAT accounting seems to involve. Could the Flat Rate Scheme help?
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MONTHLY FOCUS: BUSINESS ASSET DISPOSAL RELIEF FOR UNINCORPORATED BUSINESSES
Business asset disposal relief (BADR) doesn't only apply to shares, it can also apply to the disposal of an unincorporated business, i.e. a sole trade or partnership interest. How is the relief secured in these situations?
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MONTHLY FOCUS: TAX CONSIDERATIONS FOR HOME WORKERS IN THE POST-CORONAVIRUS ERA
Even though coronavirus-related lockdowns are now in the past, it appears that homeworking remains popular - even if it is only for one or two days a week. What are the tax implications here?
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