Firm News

As we are in the festive season, it is always a good time to recap on the tax reliefs which are available for staff entertaining. Generally, all staff entertaining will be an allowable tax deduction for the employer but there may be a charge to taxation on the...

In most cases the most valuable asset in the divorce will be the family home or the former matrimonial home (FMH) as it is destined to become, if indeed it has not already become the case. In some divorces, then FMH will have to be sold.  In other cases, one spouse...

  FRIDAY 14th DECEMBER - Limited availability from 1.00pm as we enjoy our staff Christmas meal. FRIDAY 21st DECEMBER - Office Closes at 1.00pm MONDAY 24th DECEMBER - Closed TUESDAY 25th DECEMBER - Closed WEDNESDAY 26th DECEMBER - Closed THURSDAY 27th DECEMBER...

Why is the Foreign Aid budget sacrosanct? Charity begins at home. If we need more money domestically, as we surely seem to, why don’t we slash the Foreign Aid budget? Several billion freed up for defence, cyber defence and offence, and the police budget, with some...

Philip Hammond commenced his Autumn 2018 budget with much information regarding the state of the economy. The chancellor was pleased to report that national borrowing is £11.6bn lower than predicted back in March with total debt as a percentage of GDP expecting to...

Spreadsheet Phil strikes again! I’m not sure of the wisdom of emptying the coffers rather than getting the country’s borrowings down at a greater rate, but at least it is a positive policy move, rather than the somewhat grey statements of the recent past. The...

A big spending budget with significant increases in the personal allowance and higher rate tax threshold. I expected more money for health, social care and universal credit, but the tax decreases I didn’t expect. I hope the extra spending overall will not derail the...

With potential political upheaval ahead, it is important that the Budget that Phillip Hammond delivered was suitable for the support of the DUP. We can only wait to see if that is the case. Mr Hammond delivered a number of initiatives that will affect the clients that...

Good news regarding the early increase in personal allowances to £12,500 and to raise the higher rate threshold to £50,000 a year earlier than expected. Higher rate taxpayers should benefit the most but all taxpayers should see a benefit with some individuals being...