First Payroll Professional as New Partner

Congratulations to Karen Thomson, Director of Group Payroll Services on her promotion to Payroll Partner and becomes only the second known Payroll Partner of an accountancy firm in the whole of the UK.

Emerging Trends in the Food and Drink Sector

A recent published report on understanding consumer behaviour in the restaurant and bar sector conveyed what may seem to be some good news for 2019 and beyond.

Everyone has the same pension allowances, don’t they?

To incentivise people to save for retirement the Government provides billions of pounds each year in pensions tax relief, but to avoid this expenditure getting out of control it places a cap on the amount you can save each year and upon which you can receive relief. This cap is known as the Annual Allowance.

To compound the issue, the Annual Allowance has reduced significantly over recent years - from £255,000 in the 2010/11 tax year to just £40,000 from 2014/15 onwards.

Plan Well Ahead for Your Business Exit

Talk of exit is possibly something of a sensitive subject this week.

Without indicating any personal views, I think it’s safe to observe that the previous couple of years in Westminster have given us a perfect example of the need to plan rigorously for big changes.

Selling or passing on a business might be the most fundamental change many business owners ever make. If your exit is a sale, you probably want a settlement that reflects your time investment over the years.

Can an audit really add value…?

A joined-up audit and advisory solution can increase the equity value of our business. 

Are you part of an Excepted Group Life arrangement?

What are the differences between Relevant Life Policy (RLP) and Excepted Group Life arrangements? RLPs are single employee policies and Excepted Group Life arrangements are, as the name suggests, for groups of employees.

Becoming a partner in a law firm: Is it worth it?

There's many questions to ask when considering becoming a partner in a law firm. Is it worth it? How can I improve my chances? Andy Poole, Legal Sector Partner, answer some of those FAQs.

Brexit may increase tax penalties

HMRC have declared penalty notices for taxpayers who failed to meet the 31^st January tax return deadline will not be posted until April - this delay is due to Brexit! 

Farm Landlords and Tenants - The Tax Issues

There are various tax issues that arise in relation to transactions between landlords and farm tenants. Regardless of which side of the transaction you are on, it is important to understand both points of view.

Stamp Duty Land Tax on commencement

This is often overlooked, but can be payable by the tenant. The calculation is complicated but fortunately there is a calculator on HMRC’s website which works out the Net Present Value of the rents payable. If the answer is more than £150,000, the SDLT payable is 1% of the excess.

Don't Take the State Pension for Granted

There have been several changes to the state pension system in recent years. This article will explain the current rules and hopefully alert to pitfalls which may result in lower amounts being received when reaching state pension age.