Have you used your 2019/20 £12,000 annual capital gains exemption? Consider selling shares where the gain is less than £12,000 before 6 April 2020....
Further changes to entrepreneurs relief?
Another tax relief that may be further restricted or even abolished is CGT entrepreneurs relief. This relief allows business owners to pay just 10% ...
Inheritance tax in the spotlight
We are expecting major changes to inheritance tax (IHT) in the March Budget following two reviews by the Office of Tax Simplification (OTS) and also a...
Another chancellor – big changes in the budget?
What does a new chancellor mean? It will be nearly 18 months since the last Budget and in the meantime we will have had three different chancellors fo...
How to manage salary expectations and bonus conversations
It is important to manage your staff's salary expectations. Talking about money with your employees can be uncomfortable. Even when you have good news...
Married couples and civil partners are encouraged to claim the Marriage Allowance before end of tax year
HM Revenue and Customs (HMRC) is proposing to married couples and those in civil partnerships to sign up to a £250. Marriage Allowance lets you tran...
Innovation Champion
The word innovation can conjure up images of disruptive developments such as online streaming services or companies such as Uber, but you can still be...
Diary of main tax events February / March 2020
1/02 Corporation tax payment for year to 30/4/19 (unless quarterly instalments apply) ...
Don’t be late in paying your personal tax bill
Individual’s 2018/19 income tax, CGT, class 2 and 4 NIC liabilities should have been paid by 31 January 2020....