Mike Blackledge (Accountants Ramsey)

We all saw the Autumn Statement on 22 November, but the question is, what’s in it for businesses?   This years three words were unsurprisingly Reduce, Cut and Reward, so with inflation reduced, taxes have been cut and there are rewards to hard work.     National Insurance The biggest headlines relate to National Insurance…

Capital allowances can be claimed by landlords’ expenditure on “plant and machinery” which can reduce your profits and indeed create losses, the use of such is not covered here, but they can certainly be very beneficial.   The property in question is important and will determine the allowances that can be claimed and at what…

Plan and reflect or reflect and plan? The first few months of the year generally allow for a reflection on the previous year and then planning ahead for the current year, however planning ahead this year looks like it could be even more difficult than normal.   House prices are growing, albeit slowly, mortgage rates…

The ever-changing farming industry is one that provides a multitude of complexities for accountants and tax advisers, not only from the day to day aspects of the business, but also with the historical family arrangements to the issues of ownership and succession.   With the forthcoming changes to subsidies both in terms of the conditions…

In Jeremy Hunt’s first budget speech he provided a great deal of headline support to UK businesses and concentrated on the letter E with Enterprise, Everywhere, Employment and Education.   It was confirmed that the Corporation Tax rate will rise as previously announced to increase from 1 April 2023 from a rate of 19% to…

The range and location of Whitings LLP clients is vast, and the specialist staff possess and equally vast level of experience, knowledge and expertise. There is, however, one thing each of us has in common, and that is property.   It is hoped that we will provide you with a diverse selection of articles which…

When dealing with agricultural tenancies SDLT – Stamp Duty Land Tax can be a complex issue. On completion in England of a farm business tenancy – FBT – it’s important to establish whether an SDLT return needs to be submitted, whether it is payable and if so, how much.   For a fixed term FBT,…

It has recently been reported that the tax debt owing to HMRC as at 30 September 2022 stands at £46.9 million, and they are taking positive action to recover this from both individuals and business.   The profession has certainly seen a much more proactive approach from HMRC, and given the financial pressures on all,…

In the recent Autumn statement, there was the mention of a further focus on the matter of Research & Development (R&D), whereby this is something that is certainly wanted by the government given its benefits in moving the economy forward in a positive manner.   However, R&D can and does provide businesses with a very…

There is one thing that we have all become accustomed to over the last few years and that is when there is ever a government announcement, there is a three-word slogan, and I would say that this time it should be “Hard” “Times” “Ahead”.   We are already aware of the increase in corporation tax,…