Tag Archives: Tax Advice

Our Membership of the UK200Group: What it means for our clients

uk200 infographic

As a chartered accountancy firm dedicated to delivering exceptional service and results, we are proud to be members of the UK200Group, a professional services association of quality assured chartered accountancy, law, and tax led firms with a strong sense of independence. Our membership not only endorses our commitment to maintaining […]

Navigating the Complexities of Business Tax

Running A Limited Company Guide

Taxation is a critical aspect of running a business, and understanding its complexities is essential for limited company owners. Our comprehensive guide ‘Running a Limited Company: A practical guide for business owners’, provides a breakdown of key business tax considerations, including dividend tax, VAT, National Insurance Contributions (NICs), Corporation Tax, […]

Navigating the tax treatment of Furnished Holiday Lets

holiday let

Let’s delve into the fascinating realm of the UK tax treatment of Furnished Holiday Lets (FHLs). If you’ve ever dreamt of turning your cozy cottage or charming apartment into a holiday retreat, you’re in the right place. Here we will untangle the complexities of tax rules and discover how FHLs […]

HMRC Impending Changes for Gig Workers

gig economy

What Is A Gig Economy The dictionary definition of “Gig Economy” or gig workers is “A way of working that is based on people having temporary jobs or doing separate pieces of work, each paid separately, rather than working for an employer.”   The Role Of Digital Platforms In The […]

YouTubers and Influencer tax

Youtuber

Tax On Social Media Earnings Increasingly more and more people are turning to YouTube and other social media platforms to supplement their existing income, or to start a new career. There are many considerations you need to make when moving into this field, such as what type of content will […]

eXtortion / Extortion – ransom payments

Xtortion

The question is:  Are ransom payments made by a business to access its IT systems tax deductible? Everyday more and more news reports highlight the threat ransomware and cyber terrorism impose on our institutions and businesses.  Workplaces are increasingly dependent upon IT systems and infrastructure and data breaches have a […]

Multi million management buyout of NE&C Windows & Doors

NE&C Windows and Doors

We are proud to have assisted our client NE&C (North East and Cumbria) Windows & Doors who have led their management board to complete a buyout of the £6million turnover double-glazing business they set up in 2003.   The management team has bought the business from current owners Ed and […]

What is National Insurance?

National Insurance pound

National Insurance Contributions (NICs) are payable by almost every worker and employer throughout the UK. They are an important deduction from your salary as the amount of Class 1 NICs you’ve paid throughout your lifetime affects your rights to the state pension. Likewise, those who are self-employed need to pay […]

Waivers

waivers

In the UK, dividend waivers are a mechanism that allow a shareholder to give up their right to receive a dividend payment from a company. This can be done for a variety of reasons, such as, to reduce the company’s tax liability or to distribute profits in a more tax-efficient […]