Weighing up LLPs

A limited liability partnership (LLP) is similar to an ordinary partnership in that a number of people or limited companies join together and share the costs, risks, and responsibilities of the business. Here we take a look at the tax implications.

Tax relief on business-related loans

Subject to certain conditions and restrictions, tax relief will generally be available for interest paid on loans to, or overdrafts of, a business in the form of a deductible expense.

Zero charge for zero emission cars

From 6 April 2020, the way in which carbon dioxide emissions for cars are measured is changing. It’s worth making sure you’re up to speed on what this means in relation to the tax implications.

60% tax rate risk on bonuses

With the lead up to Christmas upon us some directors and employees may be fortunate enough to be on the receiving end of a financial bonus. If you are in this position it’s worth reviewing things in advance to see if there is a risk of you suffering effective tax rates of up to 60%, and if the answer is yes, whether this can be avoided.

Tax-free benefits to keep employees healthy

What can employers do to help prevent the 25 million working days lost annually due to work-related ill health matters, including the two leading causes of workplace absence, back injuries and stress, depression or anxiety?

Stamp duty land tax on non-residential properties

Stamp duty land tax (SDLT) is payable in England and Northern Ireland on the purchase of property over a certain price. It applies equally to residential and non-residential properties, although the rates are different.

Creative Tax Reliefs

Did you know that there are tax reliefs that can be accessed by companies working within the UK’s creative and cultural sector?

Nominating your main residence

Private residence relief shelters a gain on the sale of a residence from capital gains tax while the property has been the owner’s only or main residence.

Is incorporation right for your business?

Over the last decade, corporation tax rates for most companies, irrespective of size, have fluctuated between 19% and 21%. The main rate of corporation tax is expected to be cut to 17% from April 2020 which makes business incorporation an attractive proposition.