Blog26th Jun 2024 Voluntary and compulsory strike-off – a comparison Striking off a limited company refers to the process of removing the company from the register at Companies House. Following the strike-off, the company ceases to exist. However, some measures can be taken to restore a company to the register… By Caroline Murphy View more
Blog26th Jun 2024 USALI in Hotel Accounting: What is new in Edition 12? Last week marked the publication of the 12th edition of the Uniform System of Accounts for the Lodging Industry (USALI). In this blog, we’ll look at what changes were made, and how they could affect you and your hotel business.… By Caroline Murphy View more
Blog26th Jun 2024 Why This Attractive Tax Destinations Got Much More Expensive La dolce vita translates to ‘the sweet life’, and it’s far more than just a phrase in Italy, it really does represent an entire lifestyle associated with their culture and way of life. Italians have a particular appreciation of celebrating… By Caroline Murphy View more
Blog26th Jun 2024 Indian and Pakistani Domiciled Individuals – Are IHT Changes Coming? Is it time for Indian and Pakistani domiciled individuals to breathe a sigh of relief? The taxation of non-domiciled individuals has been a hot topic over the last few years, and has been at the forefront of many people’s minds… By Caroline Murphy View more
Blog26th Jun 2024 Everything We Know From Labour About The 2025/26 Non-Dom Changes This week we have received the first significant update from the new government on how the regime for non-UK domiciled and internationally mobile individuals may look under their stewardship. It’s helpful then, to revisit the initial proposed non-dom changes from… By Caroline Murphy View more
Blog26th Jun 2024 HMRC Nudge Letter Campaign Targets Persons with Significant Control As part of the latest HM Revenue & Customs (‘HMRC’) nudge letter campaign, HMRC have once again cross-referenced Companies House records to Self-Assessment Tax Returns and are writing to anyone they believe to be a Person with Significant Control (‘PSCs’) asking them… By Caroline Murphy View more
Blog26th Jun 2024 Inheritance Tax- (IHT) Will Labour Make Changes? Following Labour’s win at the 2024 General Election, there has been speculation that changes may be made to the current Inheritance Tax (IHT) regime in order to generate more tax revenue. Labour’s plans for Inheritance Tax have not been confirmed,… By Caroline Murphy View more
Blog26th Jun 2024 Will You Be Caught By HMRC Trying To Bridge A £40 Billion Tax Gap? Whether it’s a knock on the door, a phone call or a letter with the tell-tale HMRC logo, there’s little that will strike more fear into the heart of any individual or business owner than an unexpected enquiry from HM… By Caroline Murphy View more
Blog26th Jun 2024 Your Guide to Norwegian Tax Assessment Notices Following submission of a 2023 Norwegian tax return for individuals under the general taxation scheme once processed by Skatteetaten (the Norwegian tax office), a Tax Assessment Notice (TAN) will be issued showing the final position for the year. The Norwegian… By Caroline Murphy View more
Blog26th Jun 2024 HMRC Disclosures- Prompted vs Unprompted And Why Does It Matter When it comes to completing Tax Returns, mistakes can and do happen. According to HMRC, this is especially the case with certain types of income, for example overseas or self-employed sources. Not just mistakes either, but a simple lack of… By Caroline Murphy View more
Blog26th Jun 2024 Here are 5 Benefits of Family Investment Companies In recent years, “Family Investment Companies” (FICs) have become more widely used in family tax planning exercises. However, they are not a new structure by any means – in fact our oldest FIC client is over 100 years old! FICs… By Caroline Murphy View more
Blog26th Jun 2024 Will the 4-year tax residence amnesty boost UK growth? Labour may look to introduce a 4 year tax residence amnesty to attract overseas investors to help them with their plans for economic growth. So, what does that mean? Foreign Investors – Who, what and where One of the recognised… By Caroline Murphy View more
Blog26th Jun 2024 What is a Payment on Account? Unlike the PAYE system, when you start working as a sole trader or have a new untaxed source of income (e.g. rental income, dividend income) you won’t pay tax as money comes in. Instead, your first tax bill is likely to fall… By Caroline Murphy View more
Blog26th Jun 2024 Workplace Culture: How Can You Overcome The 10 Silent Killers? Culture is often thought of as the lifeblood of an organisation. It encompasses the shared values, beliefs, and practices that shape how employees interact, make decisions, and approach their work. It influences employee behaviour, impacts engagement and motivation, drives overall… By Caroline Murphy View more
Blog26th Jun 2024 EU Whistleblowing Directive – New Rules Introduced All EU Member States were tasked with passing new whistleblowing legislation by 17 December 2021 known as the EU whistleblowing Directive and to adopt their own version of the Directive as their own national law. The EU adopted the Directive… By Caroline Murphy View more
Blog26th Jun 2024 Tips on how to effectively manage Whistleblowing Disclosures Most businesses encourage their employees to raise whistleblowing disclosures directly via their internal whistleblowing reporting channels rather than disclosing the matter directly to a regulator. This has the advantage of enabling the business to consider and address any issues proactively… By Caroline Murphy View more