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Making use of tax-free Long-Service Awards


While the tax exemption to mark long-service is designed to accommodate the gift of the traditional gold watch or carriage clock, it’s also possible to give your employee a more tailored award that will help…

Autumn Budget 2017 – how does it affect you?


Commentators and politicians alike were looking to Philip Hammond for a game-changing budget. Given the twin challenges of lower than expected growth and a commitment to reduce debt and borrowing, The Chancellor was unlikely to…

2017 Autumn Budget Highlights


Philip Hammond heralded today’s Budget as a forward looking budget to embrace change, meet challenges head on and seize the opportunities for Britain.  The Government is committed to low tax economy, with longer consultation in…

Making tax digital – when will you be affected


Making tax digital (MTD) is HM Revenue & Custom’s (HMRC’s) approach to modernising the tax system. There are two strands to the initiative – one aimed at individuals and the other at businesses. MTD is…

ICAEW Confidence Monitor shows business profits set to grow


Capturing the mood of UK senior business professionals, the latest ICAEW Confidence Monitor shows some encouraging trends as we head into the Autumn Budget. Encouraging signs Profit growth rose from 3.4% to 4.1% between Q3…

Family Investment Companies


With the rate of corporation tax in the UK set to be at a low of 17% by 2020, Family Investment Companies are becoming more attractive than ever as an investment ‘wrapper’. What is a…

Improving the quality of charity accounts


The Charity Commission continues to monitor the quality of charity accounts and to provide tools and guidance to help charities prepare them. New accounts templates and the results of a recent review of public benefit…

Research & Development Tax Credits –  brief opportunity to claim additional relief


If you have previously claimed research and development (R&D) tax relief, there may be a one-off opportunity to claim additional relief, thanks to a change in HMRC’s view. You must act fast though – revised…

R&D tax relief – are you missing out?


A 22% increase in research and development (R&D) tax credit claims made by SMEs over the past year shows businesses are waking up to this valuable relief. If you have never made an R&D claim…