Thinking of closing your solvent company? This friendly, expert guide explains everything UK company directors, small business owners, and contractors need to know about Members’ Voluntary Liquidation (MVL) — including timelines, tax benefits like Business Asset Disposal Relief, and the step-by-step process.
Read MoreThe routine services you would expect us to provide are listed below but it’s the important ongoing professional advice that really helps our clients.
For many years trusts have been considered the standard way to pass family wealth on to future generations. The last few years however have seen tax changes which mean that Family Investment Companies (FICs) may be the more tax-efficient option…
If you are a sole trader or partnership (but not a limited company) you have a choice to use so-called “simplified expenses” or calculate your expenses for vehicles, working from home and living on your business premises by working out the actual costs.
The OECD's newly established Crypto-Asset Reporting Framework (CARF) mandates that crypto platforms share taxpayer data with tax authorities, a practice they currently do not follow. The objective is to grant tax authorities access to cross-border information, aiding in the enforcement of tax compliance. The UK, foreseeing the potential recovery of substantial tax revenue through CARF implementation, has forged a historic agreement with 48 nations to combat criminal exploitation of cryptoassets for tax evasion.
Raising threshold to £500,000 would cost £1.4bn a year in lost tax
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