Inheritance tax planning in 2020/21

Inheritance tax planning in 2020/21

What to consider during the COVID-19 lockdown. Coronavirus has many people reflecting on their own mortality. So if you have more time on your hands during the lockdown, planning your estate may be a wise way to spend it. Benjamin Franklin observed there are only two...
Coronavirus support for businesses

Coronavirus support for businesses

Options to limit the financial damage of Coronavirus It’s hard to believe that Rishi Sunak has only been the Chancellor since Valentine’s Day, given what he’s had to deal within a matter of weeks since. On the back of delivering a Spring Budget, Sunak has revealed an...
HMRC’s approach to taxing cryptocurrencies

HMRC’s approach to taxing cryptocurrencies

HMRC updates tax guidance for Cryptocurrencies. Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness, and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream. In late...
Claiming 14 Day SSP back from HMRC

Claiming 14 Day SSP back from HMRC

Changes to SSP during the Coronavirus Crisis When will you pay 14 day SSP? For anyone self-isolating but working – no change in how they are treated  from a payroill perspective.  They are working as usual – just from home. For anyone self-isolating but...
R&D tax credits in practice

R&D tax credits in practice

R&D Tax breaks for innovative business. The UK tax system is complicated but research and development (R&D) tax credits can be especially tricky to understand. That’s partly because what counts as R&D, and what amounts to true innovation, is judged on a...