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Don’t get caught out by Capital Gains tax changes
Landlords and investors selling residential properties could get caught out by changes to a key tax next month. The window to pay capital gains tax on sales of residential properties will be reduced by up to 22 months when new regulations are introduced from Monday, April 6. Tax specialist Rosy Hughes expects many people…
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BLOG: Covid-19 business support update, Sean Farnell
Friday evening saw another round of funding and measures introduced by Chancellor Rishi Sunak to support businesses across the UK. The headline announcement was the unprecedented announcements of the Coronavirus Job Retention Scheme, which will see HMRC reimburse 80 per cent of furloughed worker wage costs up to a cap of £2,500 per person. This…
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HMRC delay IR35 Implementation
Despite the Chancellor confirming only last Wednesday that the off payroll working rules for the private sector would come into force from the 1 April 2020, Chief Secretary to the Treasury Stephen Barclay told MPs yesterday that the rule change would not now come in until 6 April next year, 2021. Mr Barclay, speaking during…
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Budget 2020 reaction: Sean Farnell, Partner
Entrepreneurs considering selling their businesses won’t be put off by changes to relief announced in the Budget, according to a leading accountancy firm. Chancellor Rishi Sunak showcased £30 billion worth of spending to support the country during the coronavirus threat – and also announced plans to scale back Entrepreneurs’ Relief. Sean Farnell, a partner at…
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Budget 2020 preview from Anne Rose, Head of Tax
A tax specialist has warned changes to two key measures in the upcoming Budget could provide a further headache to individuals trying to sell their business. Anne Rose, head of tax at accountancy firm Burgis & Bullock, says changes to Entrepreneurs’ Relief and upping Capital Gains Tax could force business owners to think twice…
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Business Mastermind Group Case Study: Gerard Duggan, Utilitrack
Since its launch, the Business Mastermind Group has achieved some fantastic success stories. The group has helped members, inspired attendees to take their businesses to the next level, and to implement processes they had previously not considered. Gerard Duggan, Director at Utilitrack, has been a member for more than two years and has…
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Does GDPR apply to physical records?
It’s a common misconception that GDPR only applies to electronic data, but in actual fact physical records and data are also caught under the Act. Late last year, the ICO prosecuted a London pharmacy for its poor paper record storage. £275,000 fine for poor paper record storage The pharmacy in question kept patient data at…
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Off-payroll working (IR35) – Position as at February 2020
What is IR35 and what is changing? It has always been the responsibility of any company engaging an individual directly to determine the employment status of that individual. Where an employment relationship is deemed to exist for tax purposes, the individual must be paid through the company’s payroll to ensure appropriate deductions are made for…
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Business Mastermind Group case study: Joy May, CEO/Founder, Absolute Works
Since its launch, the Business Mastermind Group has achieved some fantastic success stories. The group has helped members, inspired attendees to take their businesses to the next level, and to implement processes they had previously not considered. Joy May, CEO/Founder of Absolute Works, has been a member for more than two years and has…
Understanding your business finances is about far more than meeting your statutory obligations. While many business owners focus on sales and turnover, a deeper understanding of profitability, cash flow and overall financial performance can lead to better decision-making and long-term business success. The financial statements produced by your accountant can …
August 14, 2026
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