• 13th August 2015

    Profit Extraction under the New Dividends Tax regime

    The changes to dividend taxes in the summer Budget came as a surprise to most of us. Strangely, pre-election, I had been braced for it, as this was a Liberal Democrat policy which I had a feeling a Labour / SNP coalition would adopt. With the Conservatives in office I had dismissed such changes, reassured by their election pledge not to put up income tax; but it turns out the pledge was carefully worded so as not to cover the dividends position… What they have actually done is add more teeth to the Lib Dem policy.
  • 12th August 2015

    Transferring your Personal Allowances

    There is a new tax relief in town for some married couples and those in civil partnerships. Although only worth a maximum tax saving of £212 for the current year, £212 is still worth having – but not without its complications.
  • 6th August 2015

    Informal strike off

    For solvent companies, the issue of whether to pursue a formal liquidation or apply to be struck off can be influenced by the tax treatment of any distributions made during the winding up process.
  • 29th July 2015

    Client money in the regulated sector - 10 common compliance pitfalls

    As would be expected, holding client money increases the compliance burden on an organisation. Problems can arise quickly and escalate if adequate internal resources are not committed to meeting the compliance levels required.
  • 21st July 2015

    Changes to Corporation tax relief when acquiring goodwill

    In the budget the Chancellor has made an immediate change to the tax relief available on goodwill and customer-related intangible assets which has previously been available when acquiring a company. The new rules will apply to acquisitions made on or after the 8 July 2015.