Latest News

New Year's Resolutions to Save Tax

At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April.

An obvious tax planning point would be to maximise your ISA allowances for the 2017/18 tax year (currently £20,000 each). 

Managing Office Politics

Office politics are a fact of life. People are complex and work relationships are often complicated to navigate. So, what should you do when office politics become problematic?

Managing High-Performance Teams

Steve Jobs was quoted as saying “It doesn't make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.” Once you have hired a bunch of really smart people, you need to manage them effectively.

Shifting Your Networking Focus

Networking isn't just about attending an event with a stack of business cards and speaking with random people. People want to do business with people they like and trust, and people they know through friends and shared connections.

Let it Snow - Adverse Weather Conditions

The snow and ice conditions throughout the UK are making it difficult for employees to travel to and from work.

Business Rates Relief for Small Businesses

There has been much lobbying from the small business sector to reduce business rates. The Chancellor stated that 600,000 small businesses currently benefit from small business rates relief.

VAT Registration Limit Frozen

The VAT registration limit normally increases in line with inflation each year, however the limit has been frozen at £85,000 until 1 April 2020. At the same time, the deregistration limit remains at £83,000.

R & D Tax Relief Increased

ScientistThe rate of the R&D expenditure credit is being increased from 11% to 12%, in order to support business investment in R&D. This is the relief available to those companies that do not qualify for the more generous relief available to SMEs.​

EIS Tax Relief Increased for Investment in Tech Businesses

The Government will double the amount that an individual may invest under the EIS in a tax year to £2 million from the current limit of £1 million, provided any amount over £1 million is invested in one or more knowledge-intensive companies.

Changes to Diesel Company Cars

Company car benefits are based on CO2 emissions data which has encouraged employees to choose diesel cars due to lower CO2 emissions. The government is trying to reduce the number of diesel cars and will increase the current 3% diesel supplement to 4% from 6 April 2018.

carAs previously announced, radical changes to the company car benefit rules are being introduced in 2020.