ArticleSuccession PlanningBusiness owners looking to pass on a business to a new generation, a business partner, exit by way of a sale, or a sale to employees need to think in advance. A succession plan is a good place to start.United KingdomFamily and MatrimonialHillier Hopkins
ArticleForecasting The Impact Of Rising Costs Is CriticalBusinesses of all sizes and shapes crave financial certainty, and that remains in short supply. With costs increasing, businesses must forecast that financial impact if they are to plan for the future.United KingdomFinance and BankingHillier Hopkins
ArticleSelf Assessment: HMRC To Waiver Late Filing PenaltiesWith only 3 weeks to go before the self assessment deadline it's time to take action if you haven't already. This year, it's more important than ever to get your information to your adviser as soon...United KingdomTaxHillier Hopkins
ArticleUK Carbon Border Adjustment MechanismThe UK government will in 2027 introduce a new carbon border adjustment mechanism, called UK CBAM, that will affect manufacturing businesses importing certain goods into the country.United KingdomTaxHillier Hopkins
ArticleMaking Tax Digital Is On Its Way – Are You ReadyIn the 2015 budget, the Chancellor announced "the end of the tax return"! Further announcements set out a timetable for digitalising income tax, Corporation Tax and VAT returns.United KingdomTaxHillier Hopkins
ArticleHMRC To Get Tough On Taxi Firms And Scrap Metal DealersHMRC is set to get tough on taxi businesses and their drivers together with scrap metal dealers from April 2022, requiring rigorous ‘tax checks' before any licence to operate is renewed.United KingdomTaxHillier Hopkins
ArticleSalary Or Dividends – How Should Business Owners Pay Themselves?It is common for business owners to pay themselves via a combination of salary and dividends. Business owners will look to take cash out of their business in the most tax-efficient way.United KingdomTaxHillier Hopkins
ArticleSATs Under Increasing Pressure To Join MATsAs we emerge into a post-Covid world, single academy trusts (SATs) will be under increasing pressure to join multi academy trusts (MATs). Should they consider moving now before they are pushed, asks Liz Wicks?United KingdomTaxHillier Hopkins
ArticleResidential Developer Or Buy-to-let Investor – It Matters When Talking Stamp DutyStamp Duty Land Tax (SDLT) can be extremely complicated, especially when claiming reliefs that significantly reduce your tax liability. United KingdomTaxHillier Hopkins
ArticleThe Advantages And Disadvantages Of Group StructuresGroup company structures are found across all industry sectors but are perhaps more common in the real estate and financial services sectors. A structure might see the parent company owning...United KingdomCorporate/Commercial LawHillier Hopkins
ArticleDeadline For Exporters To Move To The Customs Declaration Service (CDS) Is 30 November 2023If you currently use the CHIEF system for your export declarations, you will need to have moved to CDS by 30 November 2023.United KingdomInternational LawHillier Hopkins
ArticleNew UK Internal Market Scheme Requires Business Registration To Avoid Duty FeesEarlier this month, we hosted an online seminar for businesses who import/export to Northern Ireland/Great Britain. If you missed it or have questions about how the new United Kingdom Internal...European UnionInternational LawHillier Hopkins
ArticleBudget Update: Annual Investment Allowance ExtensionThe Chancellor in his Budget yesterday extended the £1m annual investment allowance limit to 31 March 2023.United KingdomCorporate/Commercial LawHillier Hopkins
ArticleRestructuring Borrowing To Improve CashflowThe Government's Covid support schemes were enormously successful with 1.67m businesses borrowing more than £80 billion through the Coronavirus Business Interruption Loan Scheme (CBILS)...United KingdomInsolvency/Bankruptcy/Re-StructuringHillier Hopkins
ArticleCapital Allowances – The End Of The Super DeductionThe window on claiming generous tax reliefs on capital expenditure is shortly to close.United KingdomTaxHillier Hopkins
ArticleNew Business Registrations And FailuresA wave of post-covid entrepreneurism swept across the UK in the immediate aftermath of the Covid pandemic, with a 32% increase in company registrations between April 2021 and April 2023.United KingdomCorporate/Commercial LawHillier Hopkins
ArticleRemote Workers And Digital Nomads Leave Tax FootprintThe Covid pandemic has seen an increasingly mobile workforce up sticks and work from warmer climates. Often encouraged by new ‘work from home' visas, digital nomads and their employers...United KingdomTaxHillier Hopkins
ArticleTax Relief For Cleaning Up Contaminated Land And BuildingsCleaning up contaminated land and buildings can represent a major cost for developers, putting into question the viability of a scheme. United KingdomTaxHillier Hopkins
ArticleCapital Gains Tax – A Little Less Generous?Capital gains tax is charged on the profits made from selling certain assets, such as a second home. From the 6 April 2023, the annual capital gains tax exemption will be more than halved...United KingdomTaxHillier Hopkins
ArticleIs Your Business Ready For The End Of The Job Retention Scheme?The government's Job Retention Scheme ends on 30 September and employers will need to decide if they are to bring staff back from furlough or to let them go.United KingdomCorporate/Commercial LawHillier Hopkins