Government Watchdog Highlights BBC’s Off-payroll Problems
The National Audit Office (NAO) has recently issued a report entitled ‘Investigation into the BBC’s engagement with personal service companies’, which looks at off-payroll working at the BBC and the difficulties experienced in putting in place the new off-payroll working in the public sector rules. From a tax viewpoint one of the biggest challenges…
Read MoreContractor Consultation Causes Consternation
On 18 May 2018 HMRC launched a consultation about off-payroll working in the private sector. This follows on from the introduction of new rules regarding off-payroll working in the public sector in April 2017. The consultation period lasts until 10 August 2018 and, for those who like to do things at the last minute, the…
Read MoreEMI Share Option Schemes on hold
Practitioners are still reeling from the news that HM Government has failed to obtain an extension to the EU State Aid approval for the provision of the tax incentives associated with Enterprise Management Incentive (EMI) Schemes. EMI Schemes are very popular in the recruitment sector as they can both retain and motivate key team members…
Read MoreFrom Xero to Platinum!
Following on from being recognised as one of five accountancy firms out of 22,000 shortlisted for Xero Accounting Partner of the Year award in November 2017, we have now been awarded Platinum status. This is the highest partner status, with only 2% of accountants in the UK able to wear this badge. With over 700…
Read MoreIs staff entertaining a regular cost for your business?
If the answer to that question is yes, you’ll want to continue reading, as you, or more importantly, your staff, may be slapped with an unwanted tax bill from HMRC. Under the current rules a company can spend £150 per employee, per year, on annual staff events, such as a Christmas party or summer barbecue,…
Read MoreBBC Look North Presenter Goes South
Christa Ackroyd, who presented BBC’s Look North programme in Yorkshire from 2001 to 2013, has lost a hearing at the First Tier Tax Tribunal (FTT) regarding her engagement with the BBC through her personal service company, Christa Ackroyd Media Limited (CAM). A number of other BBC News presenters are under review by HMRC and…
Read MoreEmployee Incentives – What to Consider from a Tax Perspective
Attracting, engaging and retaining people within your business is key especially when your staff are your most valuable asset. This has become quite a challenge for a lot of recruitment businesses, which is always a surprise considering that’s what they do day in day out for their clients. Great consultants are hard to come by…
Read MoreOn the Market: October 2017
For many recruitment businesses, an acquisition can provide a great deal of acceleration towards the owners’ end goals. We can advise on whether an acquisition is right for you, the attributes you should be looking for in a target and the price you should be paying. We can work on acquisition mandates where we look…
Read MorePiercing the Vale
HMRC has recently issued an update of its guidance in respect of ‘Off Payroll Working in the Public Sector’ (OPWPS). The latest information explains in more detail how workers who are deemed to be employees should be taxed. One of the attributes of a limited company is that it has a separate legal personality from…
Read MoreOn the Market: September 2017
For many recruitment businesses, an acquisition can provide a great deal of acceleration towards the owners’ end goals. We can advise on whether an acquisition is right for you, the attributes you should be looking for in a target and the price you should be paying. We can work on acquisition mandates where we look…
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