This site uses cookies to improve your browsing experience and analyse use of our website. By clicking ‘I accept’ you agree and consent to our use of cookies. You can find out more about our cookies here. Find out more

March 2018

Moore relaunch the Owner Managed Business Award Category for the South Coast Business Awards

We are proud to be relaunching the Owner Managed Business award category for the South Coast Business Awards. ‚Äč

Moore economic update for OMB'S

Moore Chartered Accountants and Business Advisers would be delighted if you could accompany us at an evening event, in collaboration with Barclays at the Harbour Hotel in Southampton on Wednesday 25th April, 4pm - 7pm.   

Tax Diary April

1 April 2018 - Due date for corporation tax due for the year ended 30 June 2017.

Claiming expenses by the mile

A reminder that employees can make a claim for the business use of their own cars, motorcycles or cycles by logging their business mileage and applying an approved mileage rate. 

Tax and making loans to employees

A reminder that making loans to your employees or their relatives can create tax problems for employees and employers. For example, the employer will have an obligation to report a beneficial loan to HMRC and the deemed benefit would be a taxable benefit in kind for the relevant employee.  

Tax-free childcare support expanded

Since 14 February 2018, tax-free childcare has become available to all remaining eligible families: parents whose youngest child is under 12. The new scheme aims to help working parents with the cost of childcare.  According to government, it is quick and easy to apply, and parents could save thousands of pounds each year. For every £8 parents pay into their childcare account, the government will add an extra £2, up to £2,000 per child per year. HMRC has been gradually rolling out tax-free childcare since April 2017. 

Spring Statement - Financing growth in innovative firms: allowing Entrepreneurs' Relief on gains before dilution

As announced in Budget 2017, the Government has today issued a document consulting on how access might be given to entrepreneurs whose holding in their company is reduced below the normal 5% qualifying level as a result of raising capital for commercial purposes by means of issues of new shares.

94% of OMBs say Government is ignoring them on Brexit

94% of OMBs say that the Government is ignoring their concerns on Brexit, shows new research from our 5th annual Owner Managed Business report, entitled "Powered by people and technology in 2018: the owner managed business view". Of the 653 owner managed businesses surveyed, only 41 say that they think the Government is listening to their views on Brexit.