Bottomline
Summer 2012
It's 1:13pm on Sunday 20th May, 2012
The Moore and Smalley approach to tax planning
Moore and Smalley tax partners, Tony Medcalf and Rachel Marsdin, discuss how the firm’s approach to corporate and personal tax planning helps its clients to be more successful.
Posted by
Rachel Marsdin
in
Advice for Businesses, Moore and Smalley TV, Tax
On April 18 2012
lnheritance tax (lHT) planning
IHT is payable if a person’s assets at death, plus gifts made in the seven years before death, add up to more than the nil rate band, currently £325,000. When a surviving spouse or civil partner dies, their estate will benefit from any unused IHT nil rate band of their previously deceased spouse or partner. [...]
Posted by
Rachel Marsdin
in
Tax
On March 26 2012
Tax planning for business owners
Business tax planning is usually best done before the end of the accounting period, but even if your business year end is not 31 March or 5 April, this is still a good time to review your tax position.
Posted by
Rachel Marsdin
in
Advice for Businesses, Tax
On March 26 2012
Budget analysis: “Granny tax” will hit low income pensioners
Phasing out increased age-related personal allowances will be detrimental to lower-income taxpayers over 65. The Budget will see allowances removed for new pensioners from April 2013, and replaced with a single personal allowance (£9,205) for all. Allowances for those already of pension age are to be frozen. Currently higher personal allowances are available for people [...]
Posted by
Rachel Marsdin
in
Moore and Smalley comment, Tax, The Budget
On March 22 2012
Budget analysis: Growth reforms could go further
“We welcome the steps to improve the Enterprise Management Incentive scheme (EMI), as part of the Government’s reforms for growth” comments Rachel Marsdin, tax partner at Moore and Smalley. “The initiative encourages SMEs in the North West to recruit and retain talent, providing additional support enabling start-ups to access the scheme. This move will work [...]
Posted by
Rachel Marsdin
in
Moore and Smalley comment, The Budget
On March 22 2012
More expensive to strike off a company?
Changes are to be made to the tax treatment of distributions made by companies to their shareholders before being struck off / dissolved. The changes, to take effect from 1 March 2012, will probably result in more businesses having to incur the additional costs of a formal liquidation process in order to ensure the distributions [...]
Posted by
Rachel Marsdin
in
Advice for Businesses, Tax
On February 1 2012
How can I claim research and development (R&D) tax relief?
Many companies may be missing out on claiming tax relief for research and development (R&D) activity. In my blog I set out below the answers to some of the most frequently asked questions about this potentially valuable tax relief. What is R&D tax relief and why does it benefit a company? R&D tax relief is [...]
Posted by
Rachel Marsdin
in
Advice for Businesses, Tax
On January 26 2012
Considering investing in a hotel business? Make tax allowances work for you
Hoteliers can save substantial cash sums by making the most of tax breaks available through the capital allowance regime – but it is subject to imminent changes and early action is recommended. Annual investment allowance The Annual Investment Allowance (AIA) allows 100 per cent relief against profits for the first £100,000 spent in a year [...]
Posted by
Rachel Marsdin
in
Advice for Tourism and Leisure businesses, Tax
On October 3 2011
