News
A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Latest posts
IR35 reforms delayed until 2021
IR35 reforms are delayed until 6 April 2021 due to Covid-19 outbreak.
Practical steps for cash flow during the Covid-19 outbreak
Kay Brookes, Partner at Bates Weston offers practical steps that businesses can take to protect cash flow during the Covid-19 outbreak.
How can I attract, retain and motivate key people?
Attracting, retaining and motivating the right people is one of the keys to growing a successful business. Your own circumstances and goals will be unique, but we are adept at getting to the heart of what you are trying to achieve and recommending tax efficient...
Letting residential property and tax
Changes in the taxation of property income from letting residential property There have been a number of changes in the taxation of income from residential property which will be introduced over the next 5 years. The key changes are shown below. Please note that none...
Protection from tax investigation costs
If you're a Bates Weston client and you subscribe to our Tax Investigations Service, the costs involved in dealing with an HMRC tax enquiry are covered. When you subscribe to our Tax Investigation Service we are able to make a claim against our insurance policy held...
Salaried partners in an LLP
Partnerships were common in many professional businesses where regulations prohibited them from becoming limited companies. The salaried partner was a “stepping stone” to becoming an equity partner, delivering partner status and receiving a salary rather than a profit...
Are you making the most of R & D tax reliefs?
R & D tax credits can be worth up to 230% of the money you have invested in eligible R & D this year and what’s more, you can claim R & D relief on expenditure that’s up to three years old. If you can answer yes to all three of the following questions you...
Cashflow is king
We all know the importance of a healthy cashflow, but controlling it relies heavily on having a robust cashflow forecast that is regularly updated and reviewed. With your forecasts in place, to tightly control the flow of cash you will need to: Invoice; accurately,...
Share incentives
Historically most of the tax advantages from share incentives were targeted at larger companies. The exception, designed for smaller companies, was the EMI (Enterprise Management Incentive) scheme. The usefulness of EMI was drastically reduced in 2008 with the...
Exit planning
There are several common exit routes for a typical owner managed company. Either the business is passed on to children, sold on to a third party or sold out to its management team or other existing shareholders. Impending retirement often focusses attention on exit...
Selling your business
Most small to medium sized businesses are sold through the sale of shares or assets. The major question to be addressed will be whether a sale of shares in the company or a sale of the trade out of the company is the preferred route? Tax will be a major consideration...
Business property ownership
Have you thought about the tax implications of the ownership of business property lately? There are major tax implications surrounding entrepreneur’s relief, business property relief for inheritance tax purposes and tax relief for interest costs, to be balanced...
Investment property ownership
What‘s the most tax efficient structure through which to own investment property? Are you a high rate tax payer with surplus cash, looking to invest in property? Do you already own several investment properties and are you sure you have the most tax efficient...
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