The current outlook for the travel industry

Written by Audit Partner, Luke Metson With the travel industry recovering from the Covid pandemic and travellers facing new challenges, such as high inflation, increasing interest rates and high energy bills, there is a general uncertainty as to their appetite for travel. Whilst the ‘cost-of-living’ crisis is putting pressure on travellers’ finances, many do still […]

Mitigating some risks with SEIS and EIS tax investment schemes

Written by Tax Partner, Parminder Chattha The SEIS (Seed Enterprise Investment Scheme) and EIS (Enterprise Investment Scheme) schemes provide valuable tax incentives for investors who subscribe to shares in particular companies. These reliefs make fundraising for newer and smaller companies much easier as the investor’s downside risk is mitigated and upside benefit is exempt from […]

How technology is transforming professional services firms

In the digital age, technology is reshaping the landscape of industries, and professional services firms are no exception. From automation to data analytics, cloud computing to artificial intelligence, technological advancements are revolutionising the way these firms operate. We explore how technology is transforming professional services firms, enabling them to enhance efficiency, improve client service, and […]

How do you open a UK branch?

Trading with the UK has changed significantly since Brexit came into force, an increasing number of overseas businesses are opening offices in the UK. If you are considering establishing your business in the UK to make trade easier, here is an outline of some of the benefits, tax law considerations, and how to start the […]

How to maximise Inheritance Tax relief with hybrid business activity

Written by Tax Partner, Parminder Chattha Inheritance Tax (IHT) is chargeable on the value of an estate when someone dies, although it could also be chargeable on certain lifetime transfers, as well on property held within a relevant property trust. The rate of tax is 40% above a certain exempt amount, and there are various […]

Spring Budget report 2023

Download report Jeremy Hunt announced his second fiscal statement and first Budget since becoming Chancellor against a backdrop of fragile public finances, an ongoing cost of living crisis, and increased Government borrowing.   Ahead of time, we expected the Chancellor’s speech – dubbed the ‘back to work Budget’ by the media – to focus on […]

Jeremy Hunt’s Spring Budget 2023: The four E’s

Jeremy Hunt announced his Spring 2023 Budget today, once again returning to his familiar four pillars of growth: Enterprise, Employment, Education, Everywhere.   Below are a few of the announcements in today’s Budget Statement, we will add more in our full budget report tomorrow morning which can be downloaded on our website. Energy Government energy […]

HMRC compliance: More data, more questions

HMRC’s ability to gather and analyse data is extensive, and with every piece of information it acquires, its ability to target compliance activity increases.   Input comes from many different sources, national and international – from regulated commercial bodies, like online sales platforms; to government organisations, like the Land Registry. Proposals recently tabled would extend […]

Venture capital tax relief: where are we now?

Venture capital tax relief is all about providing early stage finance to new, higher-risk companies, and rewarding individual investors with generous tax relief for doing so.   The venture capital schemes were envisaged as time-limited, and given sunset clauses in the legislation. But the position is now changing.   The schemes comprise the Enterprise Investment […]

Higher tax bills for sole traders and partnerships?

A change ahead could result in higher tax bills for sole traders and partnerships as the procedure for assessing when trading profits are taxed is changing radically.   The change means a major overhaul for unincorporated businesses using anything other than 31st March or 5th April as their accounting date. Businesses with year ends between […]