Tax Advice

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 […]

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.

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

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

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

The Chancellor, Rishi Sunak, announced the Governments Spring Statement on 23rd March 2022. We are releasing this information sheet as a summary of the changes announced. Additional information will be provided when more detailed information is released over the coming weeks. Tax Free Personal allowance The personal allowance will remain in the 2022/23 tax year

With the Self Assessment deadline looming, many self-employed individuals who have encountered a difficult year due to the COVID-19 Pandemic have been offered a reprieve.  In addition to the continuation of government support available under the Self-Employment Income Support Scheme (SEISS), HMRC is also offering to make things easier for those working for themselves.  HMRC