We'd like to wish all of our Clients and Friends a very Happy Christmas and we look forward to working with you all in 2016. Our offices will be closed from 5.30pm on 23rd December, reopening on Monday 4th January.
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Landlords despair
On the 8 July 2015, George Osborne announced a number of changes to the taxation of property businesses. Without a doubt the most impactful change is the loss of higher rate tax relief for finance charges, which includes mortgage interest. What he didn’t explain was the not so gentle push of many landlords, who were previously basic rate tax payers, Continue Reading
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Dividend Tax changes April 2016
It was bound to happen some time... At present there are considerable savings in National Insurance contributions to be made if a minimal amount is paid as salary and any balance of a remuneration package is paid as dividends (particularly for shareholder directors of private limited companies). From April 2016, the NIC status of dividends is not changing and therefore Continue Reading
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R & D boost for smaller businesses
In a major boost for pioneering small businesses, the Financial Secretary to the Treasury, David Gauke, recently launched a new plan outlining how government will make it easier for small businesses investing in research and development to claim tax relief. The two-year plan, which is a response to an HMRC consultation, aims to increase take-up of research and development (R&D) Continue Reading
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