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.
As of 31 March 2019, SDLT is now due for payment 14 days after the completion of the transaction. Given the cashflow pressures of this it will be more important than ever to get the SDLT liability right and take advantage of any reliefs available. Multiple Dwellings...read more
Graham Buckell, Tax Partner at Bates Weston, explains the changes made to Principal Private Residence Relief (PPR) in the budget. "In his Budget speech, the Chancellor announced two changes to principal private residence relief. Both are due to come into effect from...
Cassandra Graham, Tax manager at Bates Weston, explains the elections you can make to protect your Entrepreneurs' Relief on dilution of your shareholding. As ever, this article is general in nature and you should take no action based upon it without first consulting...read more
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...read more
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...read more
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...read more
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,...read more
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...read more
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...read more
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...read more
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...read more
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...read more