Blog26th Jun 2024 How To Steer Clear of Double Duty Charges With all the changes that have impacted traders since the United Kingdom (UK) left the European Union (EU), one of the greatest challenges faced by importers is customs duty liability. Customs duty is now potentially due on all goods imported… By Caroline Murphy View more
Blog26th Jun 2024 Self Assessment Tax Return Deadline Around The Corner The deadline for completing your 2021/22 self-assessment tax return online is 31 January 2023 and those who file one later than that will usually have to pay a fine. HM Revenue and Customs (HMRC) announced at the start of January that… By Caroline Murphy View more
Blog26th Jun 2024 The Importance Of Succession For Family Businesses Within the intricacy of family businesses, succession planning weaves the path for continuity and prosperity. This article delves into the significance of succession planning, highlighting its role in safeguarding the legacy of family enterprises. From nurturing talents within the family… By Caroline Murphy View more
Blog26th Jun 2024 The hidden tax pitfalls of cryptocurrency If cryptocurrencies are not the most popular form of investment, they are almost certainly the most talked about. And no wonder – it’s thrilling stuff. Cryptocurrency is relatively new and mysterious to many people. A tantalising balance of high risk… By Caroline Murphy View more
Blog26th Jun 2024 IR35 twists & (U) turns- what it means for employers IR35 reforms have been a popular (or not so popular) talking point for businesses in the last year, with the initial reversal in the Truss/Kwarteng controversial mini budget, which included the repeal of the IR35 changes, and all too quickly,… By Caroline Murphy View more
Blog26th Jun 2024 2022 Sector Year in Review This year has been a year of growth, a year of events, a year of change and overall, a year to remember. It has not come without its challenges and changes. As the year draws to a close we asked… By Caroline Murphy View more
Blog26th Jun 2024 Annual Tax on Enveloped Dwellings (ATED) valuation date changes Are you aware of the valuation date changes for Annual Tax on Enveloped Dwellings (ATED)? What is ATED? ATED is an annual tax payable in advance by companies and other non-natural persons (including partnerships with corporate members) who own an… By Caroline Murphy View more
Blog26th Jun 2024 2023-24 Scottish Budget Tax changes After a dramatic start, John Swinney delivered the Scottish government’s Budget for the 2023-24 fiscal year on Thursday 15 December 2022. We have outlined below the tax changes that individuals residing in Scotland should be aware of from a personal… By Caroline Murphy View more
Blog26th Jun 2024 The Chimp Paradox As we approach the peak of the festive season, many of us may have reindeer and clementines on our minds. However, with today being World Monkey Day, we decided to shift the focus to chimps and bananas instead with our… By Caroline Murphy View more
Blog26th Jun 2024 What challenges are family businesses facing today? The UK is going through a period of uncertainty. The economy is struggling to recover from the Covid-19 pandemic, we’ve had months of political uncertainty and the rise in the price of necessities such as energy and food have caused… By Caroline Murphy View more
Blog26th Jun 2024 Food & drink sector dos & don’ts for cost of living crisis The soaring price of food, energy and running costs has pushed inflation to a 40-year high as the rising cost of living continues to squeeze. UK food and energy prices are rising at their fastest rate in 42 years. With… By Caroline Murphy View more
Blog26th Jun 2024 Team Facilitation – Faddy or Fruitful? Much like the Little Black Dress, good manners or a great cup of tea, there are some things that will never go out of style. At Think People, demand for our Team Facilitation Services has always been high; and in… By Caroline Murphy View more
Blog26th Jun 2024 Say hello to HMRC’s new VAT penalty & interest rules The current default surcharge regime for VAT has often come in for criticism, with the penalties applied being disproportionate to the length of delay. From 1st January 2023, a new VAT penalty regime will replace the outgoing default surcharge system.… By Caroline Murphy View more
Blog26th Jun 2024 SME restructuring plans: HMRC debt cram down The High Court in London recently sanctioned a Restructuring Plan for Houst Limited despite opposition from HMRC, one of the company’s major creditors. Our Restructuring team explains the significance of the case. Restructuring Plans were introduced as a Business Recovery… By Caroline Murphy View more
Blog26th Jun 2024 National Grief Awareness Week National Grief Awareness Week will take place between 2nd – 8th December 2022. The purpose of this week is to raise awareness across all aspects of grief and loss on a national scale. This year’s theme is “To open conversations… By Caroline Murphy View more
Blog26th Jun 2024 Important year end considerations for the United States The United States tax year ends on 31st December and as a result the next few weeks are key for employers to ensure that payroll has captured all of the necessary information before close. It is important for employers to… By Caroline Murphy View more