Capital Gains Tax (CGT) is often a misunderstood topic. It is an important tax to be aware of, as it affects both individuals and businesses and some common types of transactions. We’ll delve into the history of CGT in the UK, explain when HMRC collects CGT, and provide an overview of the rules and regulations …
HBO is revered for its authentic portrayals of times and places throughout history, from Band of Brothers’ harrowing journey woven through the events of World War II, to the crime-ridden streets of ‘90s Baltimore in The Wire. Yet it feels like none of its series based in reality (sorry, Game of Thrones) have captured the …
The annual personal tax return crunch-time is now far in our rear-view mirror, much to the delight of accountants and tax advisers across the UK. Yet HMRC’s relaxing of the rules due to the pandemic has made for some confusion for individuals in Self Assessment. The good news: HMRC will not pursue penalties as long …
If you ever considered buying a business and operating it as an LLP then this case study with our LLP client Wolfgang Capital can help you answer some questions about the process. Wolfgang Capital is an M&A investment company that focuses on operational profitability and cash flow by investing in SMEs and converting them into …
If we were to ask you “What links Lawrence of Arabia, Edgar Allen Poe, and AC/DC?”, we expect you might be left stumped. Yet there’s a perfectly plausible answer in the “horror/comedy/musical road movie” known as Eldorado, alternative title Highway to Hell: Peter O’Toole narrates the film, it opens with a reading of Poe’s poem …
What is Film Tax Relief, and a short story of tax fraud in the film industry Read More »
This is the first piece in a three-part series on our blog, shedding light on the creative industries reliefs made available to create content that is predominantly generated within the UK, checking out case studies where available, and perhaps looking at how things could be amended/improved. We kick things off by looking at Video Game …
What is video game tax relief and the curious story of Grand Theft Auto Read More »
In the last article we spoke about the shift to remove working, now how to make your life easier working from home? Here’s a short guide will all the necessities.
HMRC are likely to resume aggressive recovery action against tax avoiders after the lockdown ends, including some against sellers on eBay or Gumtree.
Chancellor Rishi Sunak extends the Job Retention Furlough Scheme, however, starting in August, there will be changes to the scheme. Find out what they are.
HMRC published statistics on the CBILS, which although at first seemed quite promising, when closely examined paint a dire picture of the state of UK business.
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