Client Briefings

Spring 2017 – The Budget 2017 A summary of the Chancellor’s speech on 8 March 2017
NOTE: The Chancellor has announced that the government will not now proceed with the proposed increase in Class 4 NICs rates detailed in this budget report.
Autumn 2016 – Autumn Statement A summary of the new Chancellor’s announcement 23 November 2016
Spring 2016 – The Budget 2016 Briefing covering the highlights of the Chancellor’s 2016 Budget
Autumn 2015 – Autumn Statement A summary of the Chancellor’s announcement 25 November 2015
Summer 2015 – Auto Enrolment This summarises employer's basic responsibilities for new workplace pension regulations
Spring 2015 – The Budget 2015 The highlights of the Chancellor’s 2015 Budget are covered in this briefing
Autumn 2014 – Autumn Statement This briefing considers the impact of the Autumn Statement both on businesses and individuals
Spring 2014 – Tax matters affecting property letting This briefing considers a variety of property related tax issues relating to income and sale
Spring 2014 – Tax Planning Topics include tax saving tips for the family, giving to charity, employee benefits, NI, CGT, investments and pension contributions
Spring 2014 – Employer Update RTI updates as well as the £2000 employment allowance are included in this briefing
Winter 2013 – Tax Planning Your personal tax position is considered in this briefing
Winter 2013 – Cash basis for smaller self-employed businesses This examines the new rule which allows small unincorporated businesses to calculate their profits for tax purposes on a cash basis rather than the normal accruals basis.
Autumn 2013 – Neither a borrower or a lender be This summarises the tax implications of shareholders borrowing from or lending to an owner managed company.
Autumn 2013 – Motor Expenses This includes a consideration of the current tax deductions available on different types of vehicle expenditure in a variety of business scenarios and how individuals are taxed when vehicles are provided for employees/directors.
Summer 2013 – Pensions To encourage more people to save in pension schemes, the Government has placed greater responsibility on employers to provide access to pension provision. Over the next few years all employers will need to automatically enrol 'workers' into a work based pension scheme and pay some pension contributions.
Summer 2013 – Exit Tax Planning As a business owner, you will need to give some thought as to how you would like to exit your business.The main options will be to either sell your business to a third party or to sell, gift or leave it to your family. Whatever option you choose there are two very valuable capital tax reliefs that may come into play. This briefing gives an overview of these reliefs.
Spring 2013 – Year End Tax Planning The period leading up to the end of the tax year on 5 April is one of the best times to review your taxes and finances. Here is a summary of the more important year end tax tips to help you identify areas that should be considered.
Spring 2013 –UK Resident or Not? The concept of residence in the UK is fundamental to the determination of UK tax liability for any individual. However the term 'residence' has never been defined in our tax laws.That will change from April 6 2013 when a new Statutory Residence Test will be introduced.
Spring 2013 –Employer Update Real Time Information procedures - the biggest shake up to Payroll & PAYE since the 1940's; Changes to employment rights; Allocating PAYE payments to avoid penalties.
Winter 2012 –a guide to child benefit changes The impact of the new tax change in connection with Child Benefit will according to HMRC affect about 1.2 million families. This briefing sets out the main points of the change and illustrates a couple of the practical problems likely to be encountered in its implementation.
Winter 2012 –a further brieifing on this important change RTI will be implemented in April 2013 and will be mandatory for all employers.The new procedures will not only impact on how the information has to be submitted but also the timing and will result in changes to your payroll processes.
Autumn 2012 – Are you at risk from IR35 If you are trading through a personal service company, there is a danger that you could be caught under the IR35 rules. A new business entity test will enable you to check which risk band you fall into.
Autumn 2012 – Capital Allowances and property The aim of this briefing is to outline the tax relief position of capital expenditure in buildings.

Unlike repairs which are generally 100% deductible against business profits, only capital expenditure eligible as plant and machinery (P&M) qualifies for tax relief and often, this is then spread over several years. Awareness of what qualifies for P&M capital allowances is therefore essential for maximising opportunities for tax savings.

Summer 2012 – Dividends and Loans – tax and other considerations for the OMB (owner managed business) Avoid pitfalls whilst extraction profits from your company tax efficiently. This briefing considers the tax and other considerations of both dividends and loans for the owner managed business trading as a company.
Summer 2012 – Tax Tips and Traps for the smaller company This briefing focuses on selected practical tax matters for the smaller company so that essential opportunities to maximise tax savings or minimise liabilities are not overlooked.
Spring 2012 – Year End Tax Planning The period leading up to the end of the tax year on 5 April is one of the best times to review your taxes and finances. Here is a summary of the more important year end tax tips to help you identify areas that should be considered.
Spring 2012 – Essential Employer Update Work based pension schemes; Simple low cost pension scheme known as NEST; Current state pension age; Targeted increase in the personal allowance; Pay and file penalties; Real Time Information (RTI); Coding out “debts” and Employment Law round up
Spring 2012 – Seed Enterprise Investment Scheme (SEIS) The Enterprise Investment Scheme (EIS) has been in place for a number of years and provides tax relief for individuals prepared to invest in new and growing companies. Investors can obtain generous income tax and capital gains tax (CGT) breaks for their investment and companies can use the relief to attract additional investment to develop their business.

In his Autumn Statement on 29 November 2011, the Chancellor, George Osborne, announced the imminent arrival of a junior version of EIS to be known as Seed Enterprise Investment Scheme (SEIS) which is set to arrive on 6 April 2012.

Winter 2011 – Furnished Holiday Lettings Furnished Holiday Lettings. The past, present and future
Winter 2011 – Are you Will-ing to plan for IHT? Inheritance Tax (IHT) is a tax that needs to be taken seriously by any individual with assets in excess of £325,000. Taking some basic steps can mean that your family may be able to avoid the worst ravages of an IHT bill after you die.
Autumn 2011 – Capital Allowances – Topical issues, opportunities and changes ahead This briefing considers recent developments and announcements in the core area of plant and machinery capital allowances including the important forthcoming changes for 2012.

Opportunities for maximising relief and avoiding pitfalls are highlighted, including the critical issues of timing and identification of qualifying capital expenditure.

Autumn 2011 – Exempt or not exempt – Your main residence and capital gains tax The capital gains tax (CGT) exemption for gains made on the sale of your home is one of the most valuable reliefs from which many people benefit during their lifetime. The CGT exemption is available whatever the level of the capital gain on the sale of any property that has been your main residence. In this briefing we look at the operation of the relief and consider factors that may cause it to be restricted.
Summer 2011 - Travel Travelling and subsistence expenditure incurred by the self-employed or by employees can give rise to many problems. This briefing highlights the main areas to consider in deciding whether tax relief is available on these expenses.
Summer 2011 - Pensions Every so often UK governments tackle the thorny issue of the amount of tax relief which it is appropriate to allow for contributions into a pension scheme and the extent of taxation when the funds are withdrawn from a scheme when the taxpayer retires. The Finance Bill 2011 sets out new limits on the amount of tax relief that may be available but also introduces relaxations to the system of accessing the funds in retirement.
Spring 2011 - VAT matters for the smaller business This briefing focuses on VAT matters of relevance to the smaller business. A primary aim is to highlight common risk areas as a better understanding can contribute to a reduction of errors and help to minimise penalties.
Spring 2011 - Year End Tax Planning Tax is a subject that excites very few people. It is easy to ignore awkward issues involving tax, such as those mentioned in this supplement. Don’t - it could cost you dear. Instead, think of a regular review of your tax affairs (at least once a year) as an opportunity to reduce the taxman’s take from your family.
Spring 2011 - Essential Employer Update This looks at changes affecting employers including NI increases, discrimination in the workplace and supported childcare
Winter 2010 - April Fool The period leading up to the end of the tax year on 5 April is one of the best times for you to review your personal tax position and take action to maximise tax saving opportunities and minimise liabilities. This briefing contains a summary of the more important ‘in year’ and year end tax tips to help you identify the areas that should be considered so that we can then provide tailored advice for your particular needs.
Winter 2010 - Business Success As many as half of all businesses fail in their first three years of trading, and the recession has wiped out many well established businesses over the last two years. A contributor to ensuring business success and avoiding failure is to know your enemies. This briefing therefore focuses on the key areas to watch, so that success is secured.
Winter 2010 - Inheritance Tax Inheritance Tax (IHT) is payable at 40% on all estates in excess of £325,000. Therefore a married couple have a combined benefit of £650,000 before IHT is payable. Effective Will planning can also contribute towards minimising IHT but real planning opportunities exist for those who are prepared to consider making gifts of assets in their lifetime.
Autumn 2010 - Passing on the Family Business? Whether you are planning to start a business or already have a business up and running, it is important to consider your long term exit strategy. Do you intend to sell the business for as much as you can? Or do you intend to pass it down to your family? If you have not given the matter any real thought stop for a moment and consider the issue. Obviously the commercial considerations are extremely important but what about the tax issues?
Autumn 2010 - Home is where the laptop is Over the last ten years technology has advanced massively. It was not so long ago that mobile phones were the size of a brick. Now emails and the internet can be accessed on the move. However, whilst technology has moved on, travelling has become more and more difficult. Homeworking has become the answer for many but how have the tax rules kept up with these changes?