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Latest News

By Adam Pattison

16th April 2024

The benefits of incorporating a limited company

There are a number of things to consider when it comes to starting your own business and near the top of the list will be choosing the most suitable trading option.

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By Huw Nicholls

12th April 2024

Interest Income on Client Monies: SRA Guidance

From December 2021 until August 2023 the Bank of England raised interest rates from a historic low of 0.1% to 5.25%. As a result, many law firms are now receiving significant amounts of interest income on client monies.

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By Graham Poles

6th April 2024

Tax changes for the 2024/2025 tax year

A string of changes for businesses and individuals are now in force and it is vital to consider how they will impact you and your business when it comes to your financial planning for the new fiscal year.

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By Brian Rudkin

3rd April 2024

Reminder to employers to report benefits in kind to HMRC

All businesses, regardless of size, are required to report taxable benefits in kind and certain expenses provided to employees and directors. This is done annually through a P11D form submitted to HMRC.

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signing a contract

By Huw Nicholls

30th March 2024

FRS 102 – what are the proposed changes?

FRS 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland is evolving. The changes on the horizon are likely to be significant.

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By David Threlkeld

28th March 2024

Impact of Spring Budget announcements for farmers

The 2024 Spring Budget introduced some changes that will significantly impact farm businesses, especially those that have ventured into the realm of furnished holiday lets.

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By Whitney Whitfield

26th March 2024

Steps to take when a law firm cannot avoid insolvency

Several issues can lead to a law firm’s financial instability, and in some cases, actions can be taken to improve performance. However, sometimes a firm’s debt is just too large to make survival possible. What are the next steps? 

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Child Benefit Cuts

By Armstrong Watson

26th March 2024

The Child Benefit trap and how to avoid it

If either you or your partner has an income of more than £60,000 a year before tax then you’ll have to pay back some (or all) of your Child Benefit in the form of extra Income Tax. 

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By James Walmesley

20th March 2024

Tax planning checklist for sole traders and partnerships

Now that we have embarked on a new tax year there are some considerations sole traders and partnerships should make when it comes to tax planning over the next 12 months.

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By Richard Askew

20th March 2024

Changes ahead for employers in 2024

Businesses are set to face increased costs and payroll requirements in 2024 as several changes to employment law are introduced.

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