There are several types of reliefs from Inheritance Tax (IHT), one of which is IHT Business Relief. This can be a significant tax benefit for those with business interests, potentially offering either 50% or 100% relief from IHT on the value of business assets if certain criteria are met.

There are several types of reliefs from Inheritance Tax (IHT), one of which is IHT Business Relief. This can be a significant tax benefit for those with business interests, potentially offering either 50% or 100% relief from IHT on the value of business assets if certain criteria are met.

The transfer of a business as a going concern (TOGC) rules concern the VAT liability of the sale of a business. Normally the sale of the assets of a VAT registered or VAT registerable business will be subject to VAT at the appropriate rate.

On the 19th August, it was announced by the Chancellor that there would be more grants available to help them get back on their feet from the impact of the Coronavirus crisis.

On the 19th August, it was announced by the Chancellor that there would be more grants available to help them get back on their feet from the impact of the Coronavirus crisis.

The Covid-19 measures taken by  HM Government to protect the NHS and  the UK population’s health has inevitably had an adverse impact on businesses to varying degrees. It has been a very busy few months whilst businesses have sought to adapt and safeguard their positions for the future.

Yesterday, the Chancellor, Rishi Sunak announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme.

Yesterday, the Chancellor, Rishi Sunak announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme.

In view of the challenges and disruption resulting from the Coronavirus (COVID-19) pandemic, we would like to wish you well and update you on our plans to minimise disruption to the services we provide. 

We are currently operating in a time of uncertainty and fear due to the outbreak of the coronavirus, it is rapidly beginning to impact our national and local economy.
 

We are currently operating in a time of uncertainty and fear due to the outbreak of the coronavirus, it is rapidly beginning to impact our national and local economy.
 

Moore (South) LLP – a leading top 15 accountancy and business advisory firm based in Southampton has marked the start of 2020 by relocating from Southampton’s High Street to Ocean Village.

Moore (South) LLP – a leading top 15 accountancy and business advisory firm based in Southampton has marked the start of 2020 by relocating from Southampton’s High Street to Ocean Village.

The decision to sell your business is a significant step, so it’s important you’re prepared and understand the process.

The headline for the Autumn 2017 budget was building a Great Britain fit for the future, creating jobs, preparing for a digital age and supporting families. With the surprise of the day being the abolition of stamp duty (up to £300,000) for first time buyers. 

 

The headline for the Autumn 2017 budget was building a Great Britain fit for the future, creating jobs, preparing for a digital age and supporting families. With the surprise of the day being the abolition of stamp duty (up to £300,000) for first time buyers. 

 

Since the tax on private fuel provided with company cars is so high, many employers now have an arrangement whereby they no longer pay for private fuel. In this case, the employee must reimburse the employer for private fuel included in petrol bills paid by the employer. Otherwise, the employee may face a tax charge.

Since the tax on private fuel provided with company cars is so high, many employers now have an arrangement whereby they no longer pay for private fuel. In this case, the employee must reimburse the employer for private fuel included in petrol bills paid by the employer. Otherwise, the employee may face a tax charge.

"The 2015 Academy Financial Handbook (AFH) is due to be released any day now.  What do I think is likely to be included this year?" writes Andrew Williams, Partner and Head of Education at Moore (South).
 

"The 2015 Academy Financial Handbook (AFH) is due to be released any day now.  What do I think is likely to be included this year?" writes Andrew Williams, Partner and Head of Education at Moore (South).