TAX
The LB Roundup – The Fourth SEISS Grant
Thank you to those who attended our roundup webinar! The recording is at the bottom of this blog 👇 The focus of today's webinar was on the fourth SEISS grant, which is now...
Pre Year End Tax Planning – 2021
See the webinar recording at the bottom of this blog 👇 As we're coming towards the end of the tax year, we are very conscious that time is running out and that at some point,...
Succession Planning for your farming business…
Now is the time to look at the succession planning for your farming business... It may not seem it, but the current tax regimes for Inheritance Tax is relatively generous....
SEISS – The Tax Effect
The SEISS grants are taxable in the tax year of receipt. If you are a sole trader who has an accounting year end after 5 April 2020, the tax effect could be unexpected. For...
HMRC’s Online Gateways – Can you access them?
HMRC’s Online Gateways – Can you access them? Going are the days of interacting with business and government via the medium of paper and telephone. Increasingly we are all...
Tax Planning Opportunities
Could some of the negative impacts of the virus actually provide some tax planning opportunities? Clearly, the COVID-19 pandemic is going to have a significant economic impact...
Sale of UK Residential Property – Awareness of new rules
The government implemented changes to the Capital Gains Tax (‘CGT’) rules from 6 April 2020 in relation to the sale of UK Residential Property. The previous rules required...
Investors Relief – Do you qualify?
Investor’s Relief (‘IR’) came into play 17 March 2016, so by no means is it new. So why are we talking about it? Well, the conditions imposed to qualify for the relief where...
Self-employment income support scheme!
The Government’s self-employment income support scheme is going to be launched next week, with a staggered roll out to those who are eligible. The main conditions for...
Capital Gains Tax (CGT) Loss Planning
Are you facing a tax bill having incurred capital gains tax liabilities during the 2019/20 tax year, but recently also lost value on other assets as a consequence of the stock...
The Tax Gap
HMRC released their latest report on the tax gap in June. The tax gap is the perceived difference between how much tax revenue should be paid, in accordance with relevant...
Research & Development (R&D)
A study by an independent organisation concluded recently that there was approximately £84 billion in unclaimed research and development relief. Consequently, I am seeking to...