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By David Threlkeld

13th June 2024

Will Furnished Holiday Letting tax reliefs be abolished or not?

Holiday let owners braced for increased tax bills now face a period of uncertainty about when - and if – the favourable Furnished Holiday Letting regime will be axed.

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By Steve Williams

13th June 2024

Independent examinations for small charities

With the noise around changing audit thresholds, trustees of smaller charities may be thinking “what about me?” The article considers how trustees can obtain accountability and support even when a charity is below the audit threshold.

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By Steve Preston

12th June 2024

How will changes to Financial Reporting Standards impact automotive businesses?

The Financial Reporting Standard (FRS 102) applicable in the UK and the Republic of Ireland is evolving. Whilst amendments are not yet final, when implemented, there is likely to be a significant impact on automotive businesses in relation to Lease accounting.

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By Graham Poles

12th June 2024

HMRC update serves as reminder of guidance to determine tax status of LLP salaried partners

HMRC has made changes to the provisions that determine the tax status of partners of Limited Liability Partnerships (LLP). While it has caused some concern, the update to the Salaried Member Rules is not a change in legislation – it simply gives insight into HMRC’s interpretation of current legislation and serves as a reminder to LLPs about the guidance they must follow for salaried members.

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By Richard Woolgar

29th May 2024

Family Business Report 2024: 11% of businesses embraced AI but more likely benefit without realising

Artificial Intelligence (AI) is playing an increasingly significant role in modern business operations, often without business owners even realising it.

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By Armstrong Watson

28th May 2024

Family Business Report 2024: Could salary sacrifice help your recruitment challenges?

Armstrong Watson's latest survey found more than a third of businesses find it ‘very difficult to recruit’. Offering salary sacrifice opportunities is one of several ways many businesses can incentivise their current and prospective workforce.

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By Ed Connell

28th May 2024

Changes to redundancy payment claims for directors

When a company enters an insolvency procedure, often the only positive outcome for directors and shareholders is if they can receive compensation for unpaid wages, holiday pay, pay in lieu of notice and redundancy, however, the Redundancy Payments Service has changed its stance on directors' claims. 

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By Karen Thomson

23rd May 2024

Seasonal workers and zero-hours contracts holiday pay changes: is your business prepared?

Changes to simplify holiday entitlement and holiday pay calculations have been introduced  to protect part-year workers, and those working irregular hours or on zero-hours contracts. This is particularly relevant to those in hospitality leisure and tourism, agriculture and the charity sector.

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By Ed Connell

21st May 2024

What is a pre-pack administration and would it be appropriate for my company?

The administration process is designed to protect a company from creditor pressure, in order for a licensed insolvency practitioner to consider whether it is possible to achieve a better return for creditors than would be likely if the company were to be wound up.

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By Graham Poles

15th May 2024

Selling a second property? Changes to Capital Gain Tax might impact you

Capital Gains Tax (CGT) has been in the spotlight recently due to changes in the tax-free allowances as well as updates to the rates of taxation of certain assets. Over the last couple of tax years, these changes have been drip-fed to individuals however, looking at where these allowances were two years ago, the changes are quite dramatic.

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