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Choosing the right valuer for divorce cases
Selecting the right business valuer for a divorce settlement is critically important. Using a valuer who lacks the appropriate experience and knowledge of legal requirements can undermine the credibility of the valuation and expose the appointing solicitors to criticism. This issue was highlighted in a recent high profile divorce case. A high stakes case The…
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Why we’ve partnered with FUTRLI
Proactive, not reactive Traditionally accountants help with your figures in a historical and reactive way. They would review what happened last month, quarter or year. At Burgis & Bullock, we’re not in business to be traditional. Our number one priority is you, your business and helping you to make the most of the figures. We want you…
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Coventry & Warwickshire Business Festival bagging substantial support
The inaugural Coventry & Warwickshire Business Festival is gaining significant backing from a number of high profile organisations, all keen to be part of this new initiative to drive economic growth and inward investment for the region. The Festival, developed by the Coventry and Warwickshire Local Enterprise Partnership (LEP) and the Coventry & Warwickshire Growth…
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HMRC allow increased historic R&D tax relief claims
HMRC back down on employee expenses for R&D claims Until recently, HMRC did not allow reimbursed employee expenses to be included as part of qualifying staff costs for R&D claims. HMRC has now issued updated guidance regarding this, revising their previously published position, to state that in certain circumstances these costs are allowable. This is…
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GDPR – How new data rules will impact you
The General Data Protection Regulation (GDPR) replaces the Data Protection Act on 25 May 2018. While this may seem a long way off, most organisations need to start preparing now to make sure they’re ready for implementation. Here’s our guide to how accountancy practices can make a start with their GDPR preparations. What is it about?…
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Court case highlights the risks of sole shareholder-directors
A recent court case has emphasised the potential dangers to a company in having a sole shareholder-director and is a timely reminder of the need to put in place proper succession planning for all businesses. Were it not for the swift intervention of the court a thriving business could have failed following the death of…
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HMRC prunes back flowering shares
The financial benefits to employees of growth or “flowering” shares may be reduced and unexpected income tax liabilities could arise as HM Revenue & Customs takes a harder line on the valuation of these instruments. Growth shares are structured so that they only have any value once certain performance hurdles are achieved – typically based…
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Making Tax Digital, Delay Announced
Yesterday the Government announced they have listened to consultations from business and accountants and are delaying Making Tax Digital (MTD) by at least 12 months. Originally the plan from the government and HMRC would have forced the smallest businesses and sole traders to start quarterly reporting from April 2017, but those below the VAT threshold…
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Pension Auto Enrolment – Regulator starts spot-checks
The Pension Regulator inspection teams will be visiting hundreds of businesses across the country over the coming months to check that staff are being given the workplace pensions they’re entitled to. The Pensions Auto Enrolment regime started in 2012 and has been enacted on a sliding scale (based on number of employees) since that date with…