Latest blogs for Specialisms

Budget 2016: New CGT planning opportunities. George Osborne’s latest Budget heralded an unexpected reduction in CGT, lopping 8% off both the 18% and 28% rates. But not for residential property- George continued his attack on residential landlords. However, it may well be that sales of other assets are now best deferred until post 5 April…

Budget 2016: The end of public sector contracting? It was announced in the Spring Budget 2016 that engagers in the public sector will be responsible for deciding the IR35 status of their contractors from April 2017: Click here for the PDF It is estimated that 20,000 Personal Services Company’s working in the public sector are avoiding…

Whiting & Partners: the ‘hub’ of East Anglia’s accounting services for Road Hauliers The Road Haulage team Whiting & Partners takes pride and enthusiasm in the services it provides to the transport industry.  Through our membership with the Road Haulage Association (RHA) and depth of industry knowledge within the team, we have the scope and…

EU: Good or bad for UK manufacturing? The announcement of the date for the In/Out of the EU referendum has stirred debate as to whether being within the EU is good or bad for UK manufacturing business. There is clearly no simple answer to the question, with various interest groups declaring themselves as yes or…

+3% Extra Stamp Duty Land Tax: Unless you purchase before 1 April. Property investing clients will be aware than plans for a 3% stamp duty land tax surcharge for property purchases over £40k of second homes and  buy-to-lets are due to come into effect on 1 April 2016. This leaves a small window of opportunity…

Annual Tax on Enveloped Dwellings (ATED): Threshold reduced. The ATED charge applies to companies which own residential properties. On 1 April 2016, the lower threshold will be reduced from £1 million to £500,000. This will mean that many more companies will be caught within the ATED rules. The deadline for submission of the 2016/17 forms,…

Audit Exemption Turnover Threshold: Raised to £10.2m. The Government is to raise the audit exemption threshold to the maximum allowed under EU law. In a statement read out in parliament, Anna Soubry, minister for small business, industry and enterprise, said the decision had been made after considering responses to its discussion paper. Companies will not be required to…

Super Tax Reliefs: Claim both patent box and R&D relief? The answer to this question is yes and the combination of the two reliefs can be very valuable! We have a number of clients who are undertaking ongoing research and have already registered a patent on their earlier research. They are able to receive the…

P/E Ratios: Mind the Gap! If your business exit plan is a trade sale, then you will be interested in taking advantage of differential Price Earnings (P/E) ratios.  A P/E ratio is the multiple of future maintainable earnings (profits) used to value a business. The P/E ratio appropriate for valuing your tech business will depend…

Academy reporting – Accounts Return The Education Funding Agency (EFA) has now published the 2012/13 Academy Accounts Return with a revised submission date of 31 January 2014. Audited financial statements still require submission to the EFA by 31 December 2013. The accounts return is used to support a number of Treasury and departmental requirements, including…