Monthly Archives: May 2021

OTS Report 20 May 2021 – The future of Capital Gains Tax?

capital gains tax

On 20 May 2021 the Office of Tax Simplification published the second part of its review of Capital Gains Tax (CGT). Whilst most taxpayers encounter income tax, National Insurance Contributions (NICs) and VAT every day, the report is concerned that many taxpayers are strikingly unaware of their obligations to report […]

Bad Debt – what are the tax reliefs on bad debt?

bad debt tax

Not many businesses operate without a bit of bad debt, although hopefully it is just the odd one! However, for tax purposes, there are different rules depending on the tax involved. VAT There are detailed instructions for VAT relief on bad debts which is set out in VAT Notice 700/18, […]

Financial planning for newly qualified dentists

dentist financial planning

Hurrah, after 5 long years you are now ready to go out and earn some money!  What should newly qualified dentists be thinking about? How you are paid Ultimately the contract with the dental practice will determine your status for tax but if you are self-employed, it is up to […]

Bacon Sandwiches – trivial benefits for employees

bacon sandwiches

There are numerous accounts of tax officers trying to tax the provision of tea and coffee for employees, and whilst some of these amount to an urban myth, the tax rules about providing a bacon (or vegan alternative) sandwich for your employees as a trivial benefit are not straightforward. HMRC […]

Is 2021 the year to get an electric car?

electric car tax

Whether you’re environmentally conscious or just after something practical – the choice of electric car models has skyrocketed over the last year or so. More and more well-known brands have launched their own take on electric cars to try and complete with the market leader – Tesla. Not only is […]

The key notes of the trustees’ report

trustee report

There are three notes in a charity trustees’ report which often contain inaccuracies. (As mentioned in previous blog entitled, What should be included in a Trustees’ report? These are: Reserves policy Key management remuneration Public benefit These notes are often misunderstood or do not contain correct information, so these have […]

Why organising your finances is good for your mental health

finances and mental health

Why is organising your finances good for your mental health? Mind, the mental health charity says:   It’s those nagging thoughts in the middle of the night that cause us to lose sleep, cause gut busting anxiety and yes, it can become a vicious cycle leading to depression, relationship issues […]

Why financial planning is good for your mental health

Financial planning and mental health

Peace of mind is a phrase that’s used a lot, particularly by financial organisations.  Here at Robson Laidler Wealth we would say that it’s about understanding where you are, where you want to get to and how to get there.  Inevitably, this gives you confidence about the future, and that’s […]