Tips for getting on top of the self assessment tax return deadline

2 minutes to read Whilst the 2018/19 tax year end may seem like a distant memory, the 31st January 2020 deadline for filing online Self Assessment tax returns is fast approaching. We have compiled a handy checklist to help business partners, those who are self-employed and others with taxable income to prepare for the end of the month with the …

Private Residence Relief: start preparing now for changes to ancillary reliefs

2 minutes to read From 6th April 2020, capital gains tax relief on the sale of a taxpayer’s principal private residence relief (PPR) is set to undergo two major modifications: one relating to lettings relief, the other to final period exemption. We have examined the potential pitfalls of these changes and are suggesting how those affected can best prepare themselves …

Plastic packaging tax: how businesses could benefit

2 minutes to read In 2019, the government held a consultation on its plans to introduce a world-leading tax on the production or import of single-use or low recycled content plastic from April 2022. Hundreds of responses were received and a further consultation, followed by draft legislation, is promised for 2020. We have examined the proposals and considered their …

Charity begins at work: we go all out for good causes in 2019

3 minutes to read We are reflecting on a year packed with regular and one-off fundraising activities and donation drives. We are proud to have filled our workplace LOROS donation station ten times over this year, providing clothing and other items for the Leicestershire and Rutland hospice charity. On International Day of Charity this September, we announced Midlands-wide charity …

VAT changes to face value vouchers: what businesses need to know before Christmas

2 minutes to read Earlier this year, the tax point for promotional and retail vouchers moved from the point of redemption to the point of sale, leading to implications for a variety of retailers. With the festive season well underway and demand for vouchers reaching its peak, we have highlighted the changes businesses should be aware of, both now …

A sea change for company directors: advice on staying afloat

2 minutes to read Being a company director naturally brings with it such benefits as autonomy, decision-making power and the freedom to implement one’s vision. Increasingly, however, the role is also fraught with potential pitfalls: financial liability, accountability for others’ misconduct and ongoing responsibilities, to name but a few. We have examined the changing climate for directors and are …

Working up a Sweat For County Sports Competitions

2 minutes to read Our sporty staff have laced up their trainers for a series of workplace contests in cricket, kurling and hockey, organised by Leicester-Shire & Rutland Sport (LRS). We entered a team of six into LRS’s recent Workplace Hockey Competition 2019, in which the team earned second place. They followed this success with a stab at the …

Could electric company car tax breaks spark benefits for businesses?

2 minutes to read In the current climate of ever increasing company car tax rates, the Government has announced that electric company cars will incur no benefit-in-kind (BIK) charge during the 2020/21 tax year. We have weighed up the pros and cons for businesses of opting for an electric car from April and we are urging companies to take …

Rutland Food & Drink Week kicks off with our sponsorship

3 minutes to read We have been confirmed as the main sponsor of the Discover Rutland Food & Drink Week 2019 (26th October to 3rd November). We are pleased to announce our sponsorship of this year’s annual county event, which was established with the aim of bringing local food providers together to celebrate and promote the “County of Good Taste”. Our …