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Contractors’ Tax Rules criticised
In a recent report the Office of Tax Simplification (OTS) published a tax complexity index which revealed that the contractor legislation (IR35) is the joint fourth most complex and expensive tax for small firms to administer. In addition, IR35 was scored top both in relation to its cost to the taxpayer and to H M…
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Warwickshire CONNECT to bridge skills gaps
A new initiative from Warwickshire County Council has been created to improve cooperation between educators and employers and it is hoped further enhance the employment prospects of local students. Burgis & Bullock have always been committed to providing employment and ongoing training to local young people and were one of the first local companies to…
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What VAT can I claim on Christmas parties and gifts?
Many businesses will have held Christmas parties and lunches for their staff and clients in the weeks leading up to Christmas. Some businesses will have given gifts. They will now want to know whether they can recover the VAT that they incurred on this expenditure. The following information is meant to act as a…
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What excuse can I use for a late Tax return?
There are may legitimate reasons why you may struggle to submit your tax return before the 31 January deadline, but don’t expect much sympathy from HMRC who have recently published a list of the ‘Top 10 oddest excuses’ for sending in a tax return late and incurring the £100 late filing penalty. Perhaps the most…
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Valuing Star Wars
In 2012, Disney acquired the rights to the Star Wars franchise from George Lucas for $4 billion. Back then some questioned whether Disney was overpaying for an ageing franchise that had been somewhat tarnished by the three prequel films. At the time of the deal Professor Aswarth Damodaran of the Stern School of Business in…
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What are the latest Inheritance Tax changes?
With so many changes afoot with inheritance tax and the rules of succession, now more than ever it is time to consider whether you have made efficient provision to look after your loved ones after your death. Passing on the family home A welcome announcement at the Summer budget was the introduction of a main…
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How are dividends taxed?
Dividends, where are we now? The announcement that will have sent shock waves through many owner-managed businesses and shareholders is the Chancellor’s radical proposed changes to the taxation of dividends. Currently we live in a peculiar world where dividends received are artificially grossed up in tax computations and a notional ten percent tax credit is…
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Landlords – Watch out, change is about!
Summer Budget 2015 contained one or two unpleasant surprises, especially if you are a landlord and liable to higher rate tax. Chancellor George Osborne announced that the Government will restrict the amount that residential landlords can currently claim on loan interest payments from April 2017. According to the Chancellor, this will “create a more level…
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IT: why size does matter
For companies operating in the information technology and telecommunications support services sector, scale is a key driver of the sale price in M&A transactions Valuations in the IT sector continue to race ahead with leading commentators and investors expressing concern that the bubble might burst sooner rather than later. In particular, corporate acquirers and financial…
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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