Maximise Profits, Minimise Taxes and Gain Invaluable Business Insights
Key Points: Threshold Raised from £50,000 to £60,000 Prior to change, complete withdrawal of benefit if income exceeded £60,000. Post Spring Budget ‘24, complete withdrawal of benefit if income exceeds £80,000. Can only claim backdated Child Benefit for up-to 3 months If you’re entitled to the benefit and haven’t already – Claim! What is the […]
High Income Child Benefit Charge: Everything you need to know Read More »
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 »
Following the 2024 Spring Budget, Chancellor Jeremy Hunt has announced a raft of changes coming into effect from April 2025 for Furnished Holiday Lets. We’ll take a look below at the changes and how they’ll affect current FHL owners, or those looking to purchase a holiday buy-to-let property. 1. Capital Allowances: One of the primary
Spring Budget 2024: Implications for Furnished Holiday Let Owners 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 Corporate Finance Network (CFN) is the largest UK network of accountants who specialise in corporate finance for SME’s. The aim of The CFN is to assist their member firms, such as ourselves, to be able to advise owner-managed businesses to grow a well-capitalised business, and encourage business owners to plan for their eventual exit.
Exit Strategy: Adopting a Proper Plan for Selling your Business 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 »
So, you have decided that something needs to change, but you are worried about the process of taking the plunge and switching accountant? We hear you. Businesses and individuals alike can find this to be a very daunting process, especially if you haven’t done it before. Below we have done our best to outline some
Navigating the Transition: Critical Considerations When Switching Accountants Read More »
Investing in a company can be really rewarding but unfortunately circumstances change, and shareholders may find themselves needing an exit strategy. Luckily, shareholders do have several options to consider when looking to sell their ownership in a company. Below we have provided a brief overview of common exit options available to shareholders in the UK.
A Complete Guide to Navigating Shareholder Exit Options 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 »
© 2025 Johnston Wood Roach. Registered Office: 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ. Company Registration Number 03579241.
Another website designed by McGinn and Dolphin