Capital Gains: Separation and transfer of assets

Capital Gains: Separation and transfer of assets

For separating or divorcing spouses, HM Revenue & Customs (HMRC) has announced important changes to Capital Gains Tax rules relating to transfer of assets. Currently, assets transferred between cohabiting spouses and civil partners are subject to “no gain or no

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3 tips for choosing cloud accounting software

3 tips for choosing cloud accounting software

Cloud accounting software is not something that can easily be ignored by any business wanting to grow and succeed in the modern world. The benefits of embracing digitisation are extensive, the choice you have at your fingertips equally as vast,

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Why is a shareholders’ agreement so important?

Why is a shareholders’ agreement so important?

Where there are multiple shareholders in a limited company it is important to formalise the working arrangements in respect of the business, and to plan for all eventualities. Creating a shareholders’ agreement is a good way to do this. Although

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Non-domicile or non-sense

Non-domicile or non-sense

Once again, tax has been making the news with the Chancellor’s wife, Akshata Murty, dominating headlines as a result of her non-domicile status. The quality of the reporting I have come across on this topic, so far, has been poor

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High Income Child Benefit Charge – are you liable?

High Income Child Benefit Charge – are you liable?

The High Income Child Benefit Charge (HICBC) appears to be hitting headlines again recently, and so we thought it a topic worth revisiting. The regime is coming under fire for failing to keep up with the times and effectively serve

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IHT reporting requirements – What’s changed?

IHT reporting requirements – What’s changed?

On 1 January 2022, changes to Inheritance Tax (IHT) reporting requirements came into force via The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2021. The changes themselves are fairly technical in nature. To go into too much detail

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Realistic New Year’s resolutions for your business

Realistic New Year’s resolutions for your business

‘New Year’s resolutions may be a little cliché, but we challenge you to think of them differently, as we head into 2022… Reframing New Year’s resolutions Is the real problem that the New Year’s resolutions we set ourselves are unrealistic;

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