Changes to the “Off-Payroll” IR35 rules: What they mean for businesses and workers
The “Off- Payroll” rules (IR35) apply where a worker or contractor provides services through an intermediary to an end user and the reality of the relationship between the worker and the end user would be one of employer and employee if the intermediary was not involved. A worker who is caught by the IR35 rules […]
A Brief summary of “Fiscal Event” delivered by the Chancellor
Here is a brief summary of today’s “Fiscal Event” delivered by the Chancellor. Business Support and Growth The Chancellor has stated that growth is not as high as it should be and “This has made it harder to pay for public services requiring taxes to rise, in turn higher taxes on capital and higher taxes on […]
R&D Tax Relief reforms. What do they mean for your company?
Coming on the heels of the introduction of HMRC’s R&D taskforce, It comes as no surprise that the recently published draft R&D legislation includes many provisions to tackle abuse of the system. HMRC is all too aware that some unscrupulous individuals have set themselves up as R&D specialists without any actual knowledge of the rules […]
The Case For Keeping Corporation Tax Low
We have so far seen the majority of candidates for the leadership of the Conservative Party and the next Prime Minister of the UK offering to cut taxes. Talk about tax cuts is inevitable when there is a leadership contest or a General Election. High on the list of taxes talked about currently by candidates […]
Capital Allowance Super-Deduction – Incentive For Investment
In March 2021 Chancellor, Rishi Sunak, announced a new Super-deduction and a First Year Allowance as a way of encouraging businesses to invest in new plant and machinery as well as long life and integral features, helping to further grow investment in the UK. What are the Super Deduction and First Year Allowances? The Super-deduction […]
HMRC Tax Receipts 2021/22 – A quick breakdown and summary
Latest HMRC tax receipts show that the UK Government has collected £718.2bn in the fiscal year 2021-22. This is an increase of 23% compared to 2020-21 where tax receipts collected was £584.5bn and an increase of 13% compared to 2019-20 (pre-pandemic) levels where tax receipts were £633.4bn. These are staggering figures, so soon after lockdown […]
Could more businesses learn from the Birmingham Royal Ballet and Elmhurst Ballet School connection
Birmingham Royal Ballet is a widely acknowledged star of the Birmingham, national and international cultural scene. Less well known, is the ballet school in association with BRB, Elmhurst. On the Bristol Road, near the city centre, it educates children from 11 to 19 from all over the world. The enlightened leadership of BRB and Elmhurst have come together to […]
Business Valuations: How to value your business
Article written by George Bradley – Friend Partnership Limited Picture the scene. It is a Thursday evening. Peter Jones has just shot down an entrepreneur’s “ridiculous” valuation of their business. Whether you are going on Dragons Den, or are planning to sell your business, calculating a valuation can be a difficult and technical process. Firstly, […]
Spring Statement 2022 – Full In Depth Look
The Chancellor presented two Budgets in 2021 in which he set out a great many details of the tax rates and rules that will apply until April 2026. The 2022 Spring Statement was expected to review the economic situation and adjust forecasts. It was not supposed to include anything significant about tax. Of course, things […]
Managing your staff’s soapbox
What businesses should learn from the Eton teacher and his YouTube lesson As an employer or a manager, do you want to be surrounded by staff who have only ever been exposed to ideas exactly like yours? Or do you want colleagues who have heard lots of different life views, can robustly defend their own […]
