Jamie Roach

ATED is a tax that applies to high value residential properties held in certain corporate structures, such as companies. The purpose of ATED is to discourage the use of corporate structures to avoid other property related taxes. ATED Key Points Explained Applicability. ATED applies to dwellings (typically residential properties) valued over £500,000, that are owned …

Demystifying Annual Tax on Enveloped Dwellings (ATED): Your Comprehensive Guide Read More »

Introduction With effect from 2023/2024 tax year, the basis period for annual accounts will change for self-employed traders, partners in trading partnerships and other unincorporated bodies with trading income, such as trading trusts and estates. Currently, the legislation adopts the Current Year Basis (CYB) rule which taxes the profits of the 12-month accounting period ending …

Understanding Basis Period Reform: Your Complete Guide to Income Tax Changes Read More »

We have seen an increase in corporation tax this year from 19% to 25% and so there is no better time to consider your pension arrangements to take advantage of the tax relief available on such expenditure. Pensions play a crucial role in securing financial stability during retirement, offering individuals a source of income after …

Building Wealth for Tomorrow: A Complete Guide to Maximising Your Pension Read More »

The Cycle to Work Scheme is a government-backed scheme designed to encourage employees to, quite literally, get on their bike and cycle to work. The scheme allows employees to hire a bike, and any necessary cycling equipment, through their employer to help promote a healthier lifestyle and reduce environmental impact. No doubt you are thinking …

A Complete Guide to the Cycle To Work Scheme 2023 Read More »

Allowing employees to participate in the equity of the company can be a tax efficient way to align the interest of the employee with that of the business owner. The tax implications of granting employees’ shares will need to be considered and is often forgotten as a very important factor which can affect both the …

A Definitive Guide to Employee Share Schemes in 2023 Read More »

Choosing an accountant is a big decision for individuals and businesses alike. However, it’s not uncommon for people to change accountants at some point in their financial journey. Here are seven of the most common reasons why people switch to a new accountant.  1. Outgrowing the Old Ways As businesses and individuals grow, their financial …

Why switch to a new accountant? Read More »

The recent increase in corporation tax rates has left many business owners contemplating ways to minimise their taxable profits. One potential solution worth considering is making pension contributions. Not only can this help you plan for your own retirement, but it can also reduce your corporation tax liability. However, to make well-informed decisions about your …

A Complete Guide to Pension Reforms – April 2023 Read More »