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Medical accounting expert Philip Redhead highlights two important topics for accountants with GP clients. In this article I’d like to bring your attention to two topical matters regarding GP pensions’ excess annual allowance tax charges on their pension contributions, and…
Mark McLaughlin highlights a relaxation in a normal business asset disposal relief condition that could be helpful to some company shareholders. Many company owners hope to claim business asset disposal relief (BADR, formerly known as entrepreneurs’ relief) on an eventual…
Sam O’Connor has some advice on how you can take advantage of changes to the tax regime to boost your profitability. With Making Tax Digital for Income Tax (MTD IT) on the horizon, we’ve been exploring what it means for…
Lucinda and Jeremy Kitchin have some advice for those looking to buy an accountancy practice or a block of fees. If you spend any time looking at listings of accountancy practices for sale, you’ll notice that there is a significant…
This is an appeal on a complex Stamp Duty Land Tax (SDLT) avoidance scheme involving annuities. A property valued at £765,00 was purchased for a cash price of £38,250 and a promise to pay an annuity of £383 per year.…
I’d like to recommend a brilliant new guide to illegal dividends from tax expert Lee Sharpe. ‘Illegal Dividends and the Pandemic’, which is available as a free download, is a compilation of a series of three articles that were published…
Debbie Cockerton outlines how companies that took advantage of the Bounce Back Loan scheme could be facing problems when repayment time comes after covid. Lockdown continues – seemingly forever – and many businesses are facing very stressful and uncertain times.…
It’s fair to say that one of HMRC’s most effective innovations over the years has been the Agents Dedicated Line (ADL). It was brought in to recognise that agents were of value and contributed so much to making sure the…
BASDA’s Bill Pugsley examines some of the significant implications of the UK exiting the EU, particularly in relation to business software. Throughout 2020, BASDA hosted a series of online events focused on Brexit and the impact of the transition on…
Richard Simms picks out the salient points in the latest National Risk Assessment on money laundering and terrorist financing. Published on 17 December 2020, the National Risk Assessment (NRA) 2020 is the third such report. All of the NRA reports…