Personal Service Companies

HMRC are stepping up their interest in attacking Personal Service Companies and trying to apply IR35.  This means that extraction of income from a PSC as dividends is prevented and the alternative of extraction by PAYE produces a much higher tax and NIC cost.  Of course the big risk is that HMRC go back in time and try to enforce PAYE …

Time to Review your Will?

Families paid more than £3bn Inheritance Tax in the year to April.  This is the highest amount since 2007/08.  In the main this is attributed to the recovery in the property market.  With the tax-free threshold frozen until 2019 and the property market continuing its recovery this trend is expected to continue. The nil rate band is currently frozen at …

The role of an accountant has changed dramatically over recent years

The role of an accountant has changed dramatically over recent years.  Our compliance services can be best categorised as the provision of something that people have to have but don’t really see any value in (preparing tax returns, accounts etc) and historically this formed the biggest part of our work. However, over recent years, we have developed our services and …