17 Jan 2020
Gifts out of surplus income
Inheritance tax (IHT) only applies to gifts of capital. There is currently a very generous exemption from IHT for regular gifts out of income. In order to qualify for the...
15 Jan 2020
New code to increase effectiveness of internal audit
The Chartered Institute of Internal Auditors has announced that a new code for internal auditors has been launched, in an attempt to safeguard against corporate misconducts. The launch of the...
13 Jan 2020
Don’t forget there may be tax to pay on your dividends in January
The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10 per cent notional tax credit and the introduction of new rates of tax...
09 Jan 2020
Confidence among UK SMEs falls to eight-year low
The latest Federation of Small Businesses (FSB) Small Business Index (SBI) for the fourth quarter of 2019 (Q4) has been released, revealing that business confidence is at its lowest level...
08 Jan 2020
Conservative Party dejected with working majority
Now that Boris Johnson and his Conservative Party have won the General Election will we finally “Get Brexit Done”? More importantly, can the Government now get on with running the...
07 Jan 2020
Budget Day 2020 to usher in ‘decade of renewal’
Update 13 February 2020: Rishi Sunak was appointed Chancellor by the Prime Minister, Boris Johnson, following the resignation of Sajid Javid during a Cabinet reshuffle Feb 2020. The Chancellor, Sajid...
03 Jan 2020
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...