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Business insight and opinion

We cover a wide range of topics in our regular insight articles. Have any ideas for something you’d like us to cover? Get in touch.

When is it necessary to register your business for VAT?

Considering whether to register your business for VAT? We can provide you with comprehensive information on the appropriate timing and process for VAT registration, as well as the main reasons for doing it.

Understanding the concept of principal private residence relief

When selling a property, it’s important to consider Principal Private Residence Relief (PPR). Reach out to us to discuss how PPR can potentially lower or even eradicate your capital gains tax obligations

What are the essential elements of a VAT invoice?

As a VAT-registered entity, are you adhering to the rules for issuing VAT invoices and claiming against invoices from suppliers? We can conduct a review of your invoicing procedures to ensure full compliance with all necessary requirements.

Which is more suitable for your business: hire purchase or lease rental?

Considering purchasing or leasing a new asset for your business? We’re here to guide you through understanding the distinctions between hire purchase and lease rental, including their respective impacts on your taxes and cash flow.

Making the most of your retirement pension plan

Have you considered preparing for your retirement? We offer valuable advice for developing an effective pension strategy, tailored for directors, partners, and sole traders.

What is meant by ‘Payments on Account’ in self-assessment?

Are you familiar with the term ‘payments on account’? Understanding this concept is crucial if you have income sources beyond your regular employment. It’s essential to know about payments on account and their role in the income tax process.

Guidelines for making charitable donations as a company

If you’re contributing funds or equipment to a charity, it’s important to ensure you’re applying the correct tax treatments and maintaining accurate records.

What does ‘Potentially Exempt Transfer’ mean?

Are you moving funds or assets to others as part of managing your wealth? Using potentially exempt transfers (PETs) might offer a tax-effective method to minimize your inheritance tax (IHT) obligations

Understanding the concept of Section 455 tax

Have you received advances? In specific situations, these might lead to Section 455 tax implications. We’ll clarify the key rules and factors to consider.