This may perhaps be considered a little controversial but as tax advisers we can often be the last professional adviser to be informed that a client has disposed of a UK residential property. This sometimes occurs only at the point the client provides us with their tax return information.
Many of us have woken up to the news this morning that construction giant, Carillion, has gone into compulsory Liquidation. The writing may have been on the cards for some time; the Company’s shares have lost 90% of their value since 2017; the Company has been issuing profit warnings over the past year; and costs have significantly overrun on some large public sector contracts. The knock on effect could be dramatic for many:
Over the last twelve months two of my clients involved in the construction industry have suffered joint visits by the HMRC VAT and Construction Industry Team.
With the demise of local HMRC offices, this approach represents a change from previous HMRC practice.
Scammers don’t care whether you’re an experienced investor or have never put your money anywhere other than a bank. They will try to anything to pressure you into handing over your hard-earned cash, leaving you with nothing but a hefty tax bill.
The festive break and Christmas shut down is often a period when business owners have time to reflect on the future of their business and their own personal objectives- these reflections may lead to thinking about retirement and planning for the ultimate sale of the business.
After a year of fund-raising, including participating in events including sky-dives, fun runs and bake-offs, our Plymouth office raised over £5,000 for children’s charity Jeremiah’s Journey.
How is it that time of year again?! The autumnal orange leaves have fallen from the trees and fireworks have swiftly been replaced with the twinkle of Christmas lights. That’s right, it’s the time of year we have a tendency to splurge out and indulge in the festive offerings – but will businesses be thriving or feeling the festive pinch come January?
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