• 31st October 2014

    Company Cars - time to throw away the prejudices?

    Many people dismiss company cars, assuming the tax will be too high. But throw away your prejudices and there are tremendous opportunities for tax breaks.
  • 22nd October 2014

    Charities - VAT treatment of friends, patrons and similar schemes

    The recent decision of the First Tier Tribunal (FTT) in the case of The Serpentine Trust Ltd (STL) is an interesting judgment and a reminder that the VAT treatment of patron/supporter schemes is complex and may affect many organisations.
  • 15th October 2014

    Financial Focus On...Time to revisit incorporation

    Whether to incorporate has always been a hot topic for the self-employed and those in partnerships, and many tax changes over the last decade have made it either more or less attractive at various stages. Although many businesses have incorporated, individual circumstances must always be considered, and for various reasons there have certainly been many businesses which were better off staying as sole traders or partnerships.
  • 17th September 2014

    Financial Focus On...CGT and those needing car

    A couple of months ago in the article entitled “A Flipping Nuisance” I explained that the period at the end of an individual’s ownership of a home that will automatically contribute to the total Principal Private Residence (PPR) exempt amount for Capital Gains Tax (CGT) was being halved from 36 months to 18 months from April 2014. This final period qualifies no matter to what use the property is actually being put in this period, provided it had previously qualified as the main residence for tax purposes at some point. This relief was originally granted in order to allow people time to sell their properties when they had to relocate but the sluggish housing market had hindered a quick sale.
  • 3rd September 2014

    Professional negligence claims against auditors and tax advisors

    In the past negligence claims against professional advisers were rare. However, in recent years, clients and other third parties have become more willing to pursue claims against professional advisers and a number of substantial claims have been filed. The issues surrounding ‘auditor negligence’ differ from the wider issues of negligence by accountants and tax advisers.