What is an Employee Ownership Trust?

What is an Employee Ownership Trust? Employee Ownership Trusts (EOTs) were introduced by the Finance Act 2014 and enable business owners to sell their shares to an employee-owned trust. As well as providing significant tax incentives, this form of ownership enables shareholders to exit their business where there is no obvious third party purchaser, whilst […]

Should I buy a property through my business?

There are multiple reasons why you might want to buy a property through your business. You may need a bigger workspace to expand your business operations. You might want to own your current rented property. Or you may be thinking about starting a property investment portfolio.   Whatever your reasons, buying a property through a […]

R&D Tax Relief – what has changed?

The tax relief scheme for research and development (R&D) is an important way to cut the costs of investing in R&D, development projects and innovation across your business. However, the Spring Budget 2023 has brought in several changes to the scheme that will affect small and medium enterprises. These changes affect both the scope and […]

What are the tax benefits of splitting property income between co-owners?

If your property is jointly owned by two or more people, there can be tax advantages to splitting any profits you make between you and your co-owner/s. Splitting the profits helps you distribute the profits in a way that favours any co-owners with a lower marginal tax rate – whether that be your wife, husband, […]

Should I put my rental properties into a limited company?

Should I put my rental properties into a limited company?

Should I put my rental properties into a limited company? It’s a question asked by many. We’ve summarised the main options for the legal structure and the important tax liabilities to plan for. It’s not unusual for business owners to have existing residential property investments, or to want to invest in this area. But if […]

Research and Development Tax Relief – Your Questions Answered

Many businesses are paying more tax than they need to because they fail to capitalise on potential savings available via Research & Development (R&D) tax relief. Eligibility for R&D is extremely broad – put simply, if you are seeking to create or enhance a product of process (making something faster, shorter, more robust, more economical, […]

Domestic Reverse Charge for VAT: 6 Practical Steps to Prepare

If you operate a VAT registered business within the building and construction industry, you will likely have heard about the ‘Domestic Reverse Charge’ which will change the way VAT is to be collected.   Initially, the new legislation was due to be implemented from 1st October 2019 however, due to a lack of guidance from HMRC, pressure from […]

Green grants: how you can access funding to fuel a sustainable recovery

As the country starts to reopen, the government is prioritising a green recovery by encouraging further investment into clean innovation and green technology.   Over the past few weeks, various grants and competitions, such as the Sustainable Innovation Fund and the Driving the Electric Revolution Challenge have been announced to provide funding to businesses that are putting sustainable […]