Bates Weston’s tax team update and co-author Tolley’s Tax Planning for Owner Managed Businesses 2020-21.
Bates Weston Tax welcome Liz Pepper to our growing tax advisory team. Major decisions, especially for owner managers, have far reaching impacts. Our job is to help them take the big decisions with confidence. Recognised by Tolleys’ for our work with OMBs, we offer rounded practical tax advice.
The importance of using professionally qualified tax advisers is recognised by the government and it may become a legal requirement for all advisers giving tax advice on a commercial basis to be a member of a professional body. Rest assured Bates Weston’s tax team are members of the CIOT and ICAEW.
Company cars and vans, when used privately by employees are treated differently for tax purposes, with vans generally treated more favourably than cars. We look at the grey area of multipurpose vehicles.
On 21 July the government published its 10 year strategy for the tax system. This included its plans to extend the Making Tax Digital initiative.
Cassandra Graham, Senior Tax Manager at Bates Weston, considers the use of tax planning in attracting and keeping people who are driven to grow your business, in particular the use of tailored share incentive schemes.
The £40 million Green Recovery Challenge Fund announced yesterday will help charities and environmental organisations start work on projects across England to restore nature and tackle climate change.
Amendments to the Finance Bill include treating coronavirus payments as taxable income, not disadvantaging those who came out of retirement or usually work abroad to help in the pandemic, treating Covid-19 as an exceptional circumstance for higher rate SDLT reclaims and encouraging Future Fund investors.
Company tax planning is vital when choosing a business structure. Cassandra Graham, looks at the options as part of our 8 part company tax planning survival guide.
Company tax planning can be useful to recover cash from HMRC or to reduce the amount of tax you are expected to pay – both valuable outcomes in managing your cash flow position.
Our tax team have prepared a Bates Weston Company Tax Planning Guide to help you and your business get through the Covid-19 crisis and emerge, ready to respond to the challenges ahead.
Government launches consultation on proposed tax treatment of Coronavirus support grant payments. Responses required by 12 June.