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
Taxation of Employee Ownership Trusts
HMRC are consulting on the tax treatment of Employee Ownership Trusts – an increasingly popular alternative to trade sale or Management Buy Out for business owners. Richard Coombs, Tax Partner at Bates Weston, considers HMRC’s proposals.
25 Year Long Service Award
Today we are celebrating a 25 year long service award for our Senior Receptionist, Michelle Weston. Congratulations and thank you Michelle.
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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