by Alastair Wood | Dec 24, 2013 | Tax Advice
Since the introduction of LLPs in 2001 there has been some aggresive tax planning to make the best use of this structure but these have been dealt a blow in the Autumn statement. LLPs benefit from the same freedom of a traditional partnership so that profits can be...
by Alastair Wood | Dec 11, 2013 | Tax Advice
The Autumn statement has historically been the time when little is announced except confirming NI rates and benefits for the following year. In common with the Budget there is very little new material as so much has been announced in advance. There were a few...
by Alastair Wood | Dec 5, 2013 | Tax Advice
With the season of goodwill on us, it is worth looking at what gifts can be made to employees, and the tax implications of them. Sadly the employer is very restricted in what they can offer, but most gifts will be tax allowable for the employer: Small gifts upto say...
by Alastair Wood | Nov 28, 2013 | Tax Advice
Parents should be aware of a number of factors that will affect them as their children turn 16, and they may be out of pocket if they do not take action: From September 2013 children who live in England are required by law to remain in education or training until the...
by Alastair Wood | Nov 21, 2013 | Tax Advice
In a recent meeting I asked my client whether he had considered IR35 as a lot of the work carried out was for one customer. While an IR35 proof contract may appear to offer a degree of security it needs to represent what actually happens in reality. I asked a little...
by Alastair Wood | Nov 14, 2013 | Tax Advice
A client was recently subject of a PAYE inspection and despite this appearing to be an inspection of the payroll, HMRC are actually looking deeper into the company affairs to extract additional tax if possible. One of the key areas they are targeting is proving the...
