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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…
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Claiming Child Benefit helps future pension entitlements
Thousands of mothers are potentially missing out on vital credits towards their future state pension because they are not claiming child benefit. Receiving child benefit for a child under 12 is one way for parents taking time out of work to raise their children to protect their national insurance record, but there is a twist…
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How can I help my children on to the property ladder?
Increasingly, parents are helping their children on to the property ladder. Whilst this isn’t a problem if you have a large pot of cash, clearly this is not the case for most parents.There are however four main options for parents who want to help their children onto the housing ladder without a large deposit available…
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What are the new rules for Benefits in Kind?
The deadline for filing the 2016/17 Return of Benefits in kind (P11D) is 6 July 2017. With the filing deadline almost upon us we thought it would be useful to highlight the main changes in the reporting of benefits in kind for employees that have recently come in to force. EXISTING DISPENSATIONS HAVE BEEN ABOLISHED…
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New global standards for valuations launched
A new set of international valuation standards comes into force from July 2017 with the aim of creating greater consistency, transparency, and confidence in valuations, which are key to investment decisions as well as financial reporting. Despite the importance of the valuations to the financial system there has historically been wide differences in practice between…
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Protect your business from cyber-crime
New online cyber crime training session launches to businesses enabling them to get the latest information on online crime the comfort of their own desks over lunch. In response to increasing concerns from the Warwickshire business community around cyber crime, Warwickshire County Council’s Business Crime Advisor is running an online training session for businesses across…
Last week, our trainees took part in an internal audit training session designed to strengthen their technical knowledge and support their professional development. While gaining practical skills was the key objective, we also wanted to make the learning experience engaging and enjoyable, so we incorporated some games. At Burgis & …
October 14, 2026
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