On 6th April 2017, a new form of Inheritance Tax, the Residence Nil Rate Band (RNRB) was introduced.
Throughout the year BHP and Squire Patton Boggs run a series of private dinners In Leeds aimed at successful locally based technology companies. The chaired dinners provide an opportunity for people within the sector to debate current opportunities, challenges and issues and share ideas and war stories within a relaxed environment.
With the Budget just around the corner on the 22 November, Zoe Roberts has taken a look at what measures may be introduced, which will affect the property sector in her blog post.
BHP recently worked with Modelsport, the number one online retailer for radio controlled vehicles. Modelsport had recently purchased new business premises as part of plans to expand the company.
Most people operating a business in the UK, together with other specific taxpayers, are obliged to file tax returns with HMRC. While it can be tempting to put off completing a tax return until the last second, this is not good practice. Taxpayers should ideally complete and submit their tax return early. Below is a guide to the deadlines you need to be aware of and the benefits offered by filing your tax return early.
An uncertainty in the treatment of staff costs in claims for tax relief on Research & Development (R&D) expenditure has recently been clarified, which means that HMRC are allowing certain claims to be amended outside the normal deadlines. However, the window is closing soon, so action should be taken now.
It wasn’t all that long ago that investment in buy-to-let property was seen as a straightforward way to generate an income for yourself. However, recent changes made by the government mean that turning a profit through buy-to-let in today’s property market is set to become much more difficult.
It’s been an interesting week here at BHP. We are coming to the end of the audit season for many of our charity clients and as a trustee of Leeds Community Foundation I have been on both sides of that audit line.
Introduction The Academies Financial Handbook 2017 (AFH 2017) has recently been published and it is available here. In his Forward, Lord Nash notes that good financial stewardship depends on everyone involved in the oversight, governance and management of trusts understanding their roles, promoting the right principles and acting when they recognise circumstances where things go… Read more »
Increasingly I see situations where decent sized family and SME companies appear to take little regard for depreciation rates charged, which often neither reflects the use and economic life of the asset nor the appropriate net book value of the asset at the period end.