
How will technology impact your business’s financial future?
View resourceHow to plan your finances ahead of retirement.
View resourceLondon’s ultra low emission zone (ULEZ) aims to improve air quality and public health.
View resourceWhat you need to know about trusts, including how they are taxed.
View resourceHow to register for and file your self-assessment tax return.
View resourceHow the off-payroll rules will affect you and your business.
View resourceHunt says changes will unlock £75bn of investment.
View resourceStand out from the crowd.
View resourceAre you hitting your business goals?
View resourceProtect your savings for the future.
View resourceReward your staff with a stake in the business.
View resourceIn his Budget speech in March earlier this year, Chancellor Jeremy Hunt kicked off the Government’s plan for growth with changes to business tax legislation, a key policy being ‘full expensing’.
View resourceExpanding your property portfolio can help increase your financial security — but is now a good time to buy to let?
View resourceEnvironmental, social and governance (ESG) is a set of standards that measures how green, socially conscious and well-run a business is.
View resourceIn his first Spring Budget as Chancellor, Jeremy Hunt announced a number of ‘investment zones’ across the country. The programme will provide 12 areas, split across England, Wales, Scotland and Northern Ireland, with £80 million in support and “put powers and money in the hands of communities that need it most”.
View resourceJeremy Hunt announced his second fiscal statement and first Budget since becoming Chancellor against a backdrop of fragile public finances, an ongoing cost of living crisis, and increased Government borrowing.
View resourceWhy it pays to save for retirement. Tax relief is one of the best features of using a pension to save for retirement.
View resourceMaking Tax Digital for income tax self-assessment (MTD for ITSA) was originally set to roll out in 2018, but the road to personal tax digitalisation has been relatively rocky to date.
View resourceJacobs Allen have created the year-end tax guide so you can see everything you need to know to start the new tax year the right way. You’ll find summaries of the main tax reliefs and allowances for the remainder of 2022/23.
View resourceHow the April tax rise affects SMEs.
View resourceBusinesses at any stage in their life cycle can benefit heavily from creating and implementing a business plan.
View resourceA number of changes are coming to income tax in April 2023 that will affect taxpayers across the UK.
View resourceWith the rising costs of living affecting every aspect of almost everyone’s finances, there’s no time like the present to start considering your retirement plans.
View resourceWith the new year just around the corner and tax season fast-approaching, now’s a good time to get a head start on your self-assessment tax return.
View resourceHunting for growth
View resourceThe Government has u-turned on IR35 reforms.
View resourceReducing your tax bill when selling property
View resourceHow to make savings during the cost-of-living crisis.
View resourceAfter much anticipation from accountancy bodies and businesses, HMRC has finally updated its guidance on Making Tax Digital (MTD), filling in several blanks.
View resourceStraight out the gate: Kwarteng's not-so-mini Budget.
View resourceAn overview of the Government’s seven steps
View resourceMake use of these allowances while they last.
View resourceHow to leave your business in good hands.
View resourceSpring Statement changes come into effect.
View resourceThe lowdown on this relief for innovation.
View resourceHow to prepare and protect your estate. We are all somewhat used to living with economic doom and gloom at present, from sky-high inflation rates to tax rises being splashed across the news headlines. But recent analysis from the Office of Budget Responsibility shows that you may also get stung harder after you are gone.
View resourceBalancing tax perks with desirability. Like most business owners, you have probably experienced the squeeze in recruitment and retention that has been prevalent for the last 12 months or so. It’s been so significant, it has even been dubbed “The Great Resignation”.
View resourceTake control of your business finances
View resourceTax changes kicking in from 6 April. By the time you’re reading this, the new tax year is either just about to start or has already started.
View resourceSpring loaded: crisis solutions or half-measures?
View resourceChris Kelly of Jacobs Allen talking about important considerations when you are thinking about exiting your business. Want to know more? Watch our video for more information
Show videoHow termination payments are taxed. We may only be three months into 2022 but plenty of big employers – both here in the UK and overseas – are making employees redundant for a myriad of reasons.
View resourceHMRC’s evolving approach towards taxing crypto. Cryptocurrencies continue to become more mainstream, and the taxman’s very aware of the gains investors have made in the last five or six years.
View resourceThroughout 2021/22, COVID-19 has continued to dominate. Millions of employees and directors on payroll were furloughed, and the self-employed continued to rely on grants available via the income support schemes. Arranging your financial affairs as tax-efficiently as possible before the start of the new tax year on 6 April 2022 is arguably more important than ever – particularly with rising inflation expected to put household finances under even more pressure in 2022/23. Ask yourself, have you maximised all of your tax-free allowances? Have you claimed all reliefs available? This guide will help you to answer these questions and more, with summaries of the tax rates, allowances and reliefs that apply to businesses and individuals for the remainder of 2021/22. Each section comes with a set of planning points, too, which you can use as a checklist to ensure you consider all of the key areas. And, of course, contact us if you have any questions or want to discuss your tax planning further.
View resourceIs it worth only what the buyer wants to pay?
View resourceJacobs Allen talking about returning to work and hybrid working.
Show videoTax-efficient advice for limited company directors.
View resourceDelving into recent changes that affect the CIS.
View resourceDespite remaining complex, pensions offer you far more flexibility from the age of 55 (rising to 57 from 6 April 2028) than was once possible.
View resourceChancellor Rishi Sunak resisted temptation to raise taxes to start paying for the emergency support schemes that kept so many businesses afloat during the pandemic in 2020/21. Instead, Sunak continues to bask in the warm glow reserved for generous chancellors following his latest Autumn Budget speech, thanks largely to cutting the Universal Credit taper rate by 8%, bringing it down from 63% to 55%, from 1 December 2021 at the latest.
View resourceHow the third sector is assessed for tax. Anyone who’s involved in operating a charity knows how it differs from running a business, both in terms of motives and objectives. HMRC treats non-profit organisations and charities very differently to businesses, offering some unique tax breaks in the process.
View resourceIncreasing house prices raise inheritance tax risk. Soaring house prices coupled with certain thresholds being frozen in the most recent Budget have the potential to drag more estates into the inheritance tax net over the coming years.
View resourceShould employers shift towards greener vehicles?
View resourceAn introduction to the main business tax.
View resourceAllowable expenses and allowances in 2021/22.
View resourceHow might the big freeze affect you? Traditionally, most people get nowhere near breaching the pensions lifetime allowance, but that’s likely to change over the next five years.
View resourceFor a run down of the latest tax rates for 2021/22, download or print out our handy tax card. If you want to discuss your planning just get in touch and one of our advisers will be happy to help.
View resourceWhat’s changing for the new tax year? If there’s one thing to take away from Spring Budget 2021, it’s taking charge of your personal finances is going to be increasingly important over the next five years.
View resourceWhat’s ahead for companies, from rate rises to MTD.
View resourceFor employers, employees and the self-employed.
View resourceAre you prepared for changes to the IR35 rules?
View resourceGet on track for a comfortable retirement.
View resourceMeeting your obligations amid COVID-19 disruption.
View resourceThose working in the UK’s construction industry will have to handle and pay VAT differently from 1 March 2021, unless there’s another last-minute Government U-turn.
View resourceReaching international markets in 2021 and beyond.
View resourceEarlier this year, a new rule requiring capital gains tax on UK residential property to be reported and paid to HMRC within 30 days kicked in. This ushered in another change to tax rules affecting residential property owners, which seeks to raise more tax from the disposal of additional homes and to collect this tax quicker.
View resourceDuring what would normally be the busiest period of the year for businesses in retail, hospitality and other sectors, many will now be keeping a close eye on their cashflow as they deal with the impacts of COVID-19.
View resourceEntrepreneurs’ relief is no more (in name at least). Last March, one of the headline-grabbing measures announced in what will be the only Budget speech of 2020 surrounded what we knew as entrepreneurs’ relief.
View resourceLife after mortgage interest relief for landlords. Historically, landlords have enjoyed generous income and capital gains tax reliefs which helped make residential property an attractive investment for those looking to add to their monthly incomes or provide for retirement. But over the years the Treasury has eroded these reliefs, both income and capital.
View resourceThere are many ways to reduce or eliminate the inheritance tax payable on your estate without using trusts. But for some, especially if you are very wealthy, they may not be enough. For others, the control that trusts give over who benefits from your wealth, and how, is vital for estate planning.
View resourceHow termination payments are taxed. With redundancies on the rise due to the coronavirus, is it time you understood how termination payments work in 2020?
View resourceHow it works and interacts with capital allowances. The VAT capital goods scheme affects input VAT recovery relating to high-value capital assets. Input VAT is a tax incurred on most purchases made by VAT-registered firms, and they can usually reclaim it from HMRC in full.
View resourceWhat to consider during the COVID-19 lockdown. Coronavirus has many people reflecting on their own mortality. So if you have more time on your hands during the lockdown, planning your estate may be a wise way to spend it.
View resourceCan employees reclaim any expenses?
View resourceAll the help currently available has been summarised into a flow chart.
View resourceThis is a summary of the current position Further guidance is being issued on a daily basis and reference should be made to Government announcements as they are updated.
Visit website“Getting it done” is the soundbite Chancellor Rishi Sunak clearly wanted us to take away from his debut Budget speech, but “giving it away” might be more accurate. The Government's substantial majority gave Sunak carte blanche to overhaul taxes but, in the end, there were relatively few substantial changes.
View resourceHMRC updates tax guidance for digital currencies.
View resourcePolicy success, but headache for employers?
View resourceDoes it pay off to provide low or zero-emission cars? Offering a company car as a benefit can be a valuable and attractive perk to any valued employee.
View resourceTax breaks for innovative businesses. The UK tax system is complicated but research and development (R&D) tax credits can be especially tricky to understand.
View resourceTax changes to private residences for 2020/21.
View resourceWith low interest rates, property remains attractive.
View resourceInsight into VAT’s barnacles of complexity.
View resourceHow your status affects how much UK tax you pay.
View resourceFew sectors have such an impact in the UK as the construction industry. It not only provides the fabric of our nation – the places where we live and work – but also underpins our entire economy.
View resourceHow it affects high net-worth individuals.
View resourceAdvice for contractors and the self-employed.
View resourceAn overview of accountancy issues in the third sector. If you’re in charge of running a charity, you’ll know how it differs from operating a business and how its motives and goals vary.
View resourceWith the Brexit process rumbling on, Making Tax Digital finally coming into force, and Easter around the corner, now is the time to put your financial plans in place for 2019/20.
View resourceThe moment has come: if your business has a taxable turnover above the VAT-registration threshold, which is currently £85,000, you’re now obliged to keep records in digital form and to file your VAT returns using HMRC-approved software.
View resourceWhat can your firm do before 29 March 2019?
View resourceOnce again, Chancellor Philip Hammond has demonstrated his commitment to the principle of the Spring Statement as a low-key event, at least in terms of tax and public spending announcements.
View resourceFor a run down of the latest tax rates for 2019/20, download or print out our handy tax card. If you want to discuss your planning just get in touch and one of our advisers will be happy to help.
View resourceControversial fee increase set to take place from April.
View resourceHow will it affect you? Take a look at our video to find out.
Show videoObligations and opportunities.
View resourceWhen and how to begin the process of deregistration.
View resourceTake a look at our video and see Philip Hammond audition as a stand up comic. He did quite well we think!
Show videoPeople run businesses for a variety of reasons from passion to pride, but making a living is high up the list for most people. How do you go about drawing profit from your business, and doing so efficiently?
View resourceIf there’s one thing that keeps us awake at night it’s the thought of how many British businesses are failing to claim capital allowances to which they are entitled – worth billions of pounds across the board, according to some estimates.
View resourceHow can you reduce your capital gains tax bill in 2018/19?
View resourceThere is more than one way to extract funds from your company and in this video, we are highlighting six different ways. If you would like to discuss any aspects of your tax, please contact us to arrange a free initial consultation.
Show videoAlthough the Making Tax Digital (MTD) regime has suffered several setbacks and delays, MTD for VAT remains on course to take effect from its planned implementation date of 1 April 2019.
View resourceNobody wants the taxman to take more than his fair share, and planning your finances early on can ensure you adopt the most tax-efficient strategy for the months and years ahead.
View resourceTake a look at our video to find the details of Tax changes and associated issues you may be affected by during 2018-19. If you would like to discuss any aspects of your tax, please contact us to arrange a free initial consultation.
Show videoThe default basis for landlords’ accounts.
View resourceFor a run down of the latest tax rates for 2018/19, download or print out our handy tax card. If you want to discuss your planning just get in touch and one of our advisers will be happy to help. These rates and allowances are information only.
View resourceChancellor Philip Hammond has delivered his Spring Statement 2018, and on his promise to move away from two major fiscal announcements every year. There was no red briefcase, no red book, and no tax changes as the chancellor announced updated economic forecasts in a speech lasting less than half the length of any of his previous statements.
View resourceNew rules are coming into force on 6 April 2018. We’re happy to advise on termination payments.
View resourceTake a look at our video and if you would like to discuss any aspects of tax planning just give us a call. The initial consultation is free so you have nothing to lose!
Show videoIncorporating charitable giving into your tax planning strategy can be a useful way to reduce both your income tax and the inheritance tax (IHT) that will eventually become payable on your estate.
View resourcePlease take a look at our video on the 2017 Autumn Budget – not exactly The Grand Tour, even though it was starring Hammond & May, having a go at poor Jeremy.
Show videoChancellor Philip Hammond said he’d take a “balanced approach” to his second Budget of 2017. Once again the speech was light on headline-grabbing inance changes and there were no ‘giveaways’ or major surprises. Instead, the chancellor focussed on measures to prepare the economy for post-Brexit life.
View resourceTake a look at our easy to follow video which explains the upcoming General Data Protection Regulation.
If you need help or advice in understanding this, or ensuring you are ready to cope with the new regulation, give us a call – our initial consultation is free!
Show videoA guide for employers on topical payroll issues. Employers need to keep an eye on changes affecting payroll so all employees have the right amount of tax deducted under PAYE. This is a round-up of the latest payroll-related developments.
View resourceTake a look at our easy to follow video which explains the recent announcement by the Government on changes they have made to Making Tax Digital. If you need help or advice in understanding this, or ensuring you are ready to cope with the new requirements, give us a call – our initial consultation is free!
Show videoFor a run down of the latest tax rates for 2017/18, download or print out our handy tax card. If you want to discuss your planning just get in touch and one of our advisers will be happy to help. IMPORTANT NOTICE: Budget 2017/2018 version. These rates and allowances are information only.
View resourceA guide to the tax relief available to innovative SMEs.
View resourceSelling goods and services overseas for beginners.
View resourceDownload the Jacobs Allen Autumn Statement Report for 2016. The first major economic statement since the EU referendum focused on measures to “prepare our economy to be resilient as we exit the EU ”.
View resourceA guide to making sure that your estate goes to the right people when you die
View resourceA guide to setting up a company car scheme and the tax implications of doing so
View resourceA guide to reducing an individual’s tax liability
View resourceResearch has found that only a third of family businesses are successfully transferred to the second generation of a family. While the reasons behind this are unclear, the Department of Business, Innovation and Skills has identified that only a third of family businesses have a formal succession plan in place. Read our helpful guide to transferring a business to a family member.
View resourcePitched as a "Budget that puts the next generation first", George Osborne’s speech contained a number of announcements aimed at helping people save for the future. For businesses, measures included changes to business rates and the abolition of class 2 national insurance contributions for the self-employed. And, as we’ve come to expect from such occasions, there were a few surprises too. The following report summarises the announcements made by Chancellor George Osborne during the Budget 2016 on 16 March 2016.
View resourceA large part of a person’s legal identity is based upon where they live at any one time and how long they will be staying there. If you stay in the UK for a prolonged period of time, you are going to be liable for tax at some point. The exact point and how much tax you will have to pay will depend in large part on whether residence or domicile applies to you. Read this guide to understanding the terms residence and domicile as well as their legal and tax implications.
View resourceOwner-managers and contractors often pay themselves in a combination of salaries, bonuses and dividends. A common strategy is to draw a salary of around £8,000 while also extracting profits from the business as a dividend. Others opt for a higher salary to make better use of the personal allowance and, in doing so, help lower company profits which are liable for corporation tax. What's the most tax-efficient way to pay yourself in 2016/17? Read this guide to find out.
View resourceWhat do you want your life to be like when you pass retirement age? Are you looking forward to the end of your working life as a time to take on new projects or to simply relax after 40 plus years of work? The kind of retirement you have will be determined by the decisions you make today about how you organise your money. This is the central idea driving retirement planning: how are you going to ensure that you get the retirement you want? Read this introduction to using your resources to help ensure you get the retirement you want.
View resourceSwitching your business’s structure is one such way of changing the way you do business. Sole traders, having recently struck up a good relationship with another like-minded individual, might be thinking about entering a partnership. Having eyed up the potential tax advantages, existing partnerships may be looking into the process of incorporation. Read this introduction to the most common types of businesses: sole-traders, limited companies and partnerships.
View resourceAt the end of the year, most people have other things on their minds than tax returns. It would be a stretch to say it’s an enjoyable experience, but getting self-assessment done and dusted as early as possible removes the stress of a last-minute submission and certainly makes the process more bearable. This guide will give you the tools you need to submit your self-assessment tax return on time and error-free. The what, when, how and why of completing your self-assessment tax return.
View resourceWe all like to think that our nearest and dearest will lament our passing with fond memories. It would be sad to think that after the initial period of mourning has passed, kind words turn to bewilderment when your beneficiaries realise your estate has a large inheritance tax (IHT) bill? Read this guide to find out more about the changes to the inheritance tax nil-rate band and strategies to reduce your liability.
View resourceWhen the Chancellor George Osborne announced that he was curbing tax breaks for landlords in Summer Budget 2015, there was speculation that it would result in thousands of landlords selling up and getting out of the property business. This was because the changes would alter 2 extremely valuable reliefs which landlords have been able to claim. Read our full guide to tax when buying, renting out and selling property to find out more.
View resourceThe number of businesses that offer employee share schemes has doubled since 2000, according to HMRC. Giving employees the chance to invest in their company can help an employer improve retention, attract staff and raise funds. For employees, there’s the opportunity to save money in a tax-efficient way. If you are thinking about joining the 12,000 other employers who offer a scheme to their staff, read our guide to the advantages, potential problems and types of share schemes available.
View resourceA former adviser to President Ronald Reagan, and the inventor of the “Laffer Curve”, claims lower taxes – and the same tax rate for all – would bring in more money for the government and create prosperity.
Show videoSimplifying the complexities of repairs and capital expenditure. A presentation to the Eastern Landlord Association by Keith Senior in 2013.
Show videoWelcome to our site. We have created this site due to the recent changes to VAT rates. We could not find a similar site that allowed users to change the amount of VAT so created this so that business users and individuals have access to a calculator where the VAT rate could be changed and VAT could be added to a net amount or subtracted from a gross amount in an easy manner.
Visit websiteAt XE, our mission is to facilitate global commerce. We are an idea-driven, customer-dedicated, and technology-focused firm with a commitment to creating the best foreign exchange solutions for the world.
Visit websiteWe provide our members with knowledge and guidance based on the highest ethical and technical standards. We shape opinion, understanding and delivery to ensure the highest standards in business and in the public interest.
Visit websiteThe CIOT is the leading body in the UK for taxation professionals dealing with all aspects of taxation. Our primary purpose is to promote education in taxation. One of our key aims is to achieve a more efficient and less complex tax system for all. Our comments and recommendations on tax issues are made solely in order to achieve this aim; we are an entirely apolitical organisation.
Visit websiteThe Financial Times, one of the world’s leading business news organisations, is recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 744,000.
Visit websiteThe Office for National Statistics (ONS) is the UK’s largest independent producer of official statistics and is the recognised national statistical institute for the UK. It is responsible for collecting and publishing statistics related to the economy, population and society at national, regional and local levels. It also conducts the census in England and Wales every ten years. ONS plays a leading role in national and international good practice in the production of official statistics. It is the executive office of the UK Statistics Authority and although they are separate, they are still closely related.
Visit websiteFor a run down of the latest tax rates for 2016/17, download or print out our handy tax card. If you want to discuss your planning just get in touch and one of our advisers will be happy to help. IMPORTANT NOTICE: Budget 2016/2017 version. These rates and allowances are information only.
View resourceThe threshold for compulsory filing of audited financial statements rose on 6 April 2015 to those businesses with a turnover of £10.2 million or more for periods commencing from 1 January 2016. This means that most small and medium-sized private limited companies are no longer required to have their accounts audited. There are exceptions though, with some limited companies still being required to carry out an audit even if they do not exceed the threshold. Read this article to find out more about the accounts that companies need to keep.
No link assigned to this resource: Accounting for change: audits and annual accountsThe chancellor George Osborne wasn’t exaggerating when he said he was undertaking a “major and long overdue reform to simplify the taxation of dividends” in his Summer Budget speech. The “complex and archaic system” of tax dividends will be overhauled in April 2016 with ‘a simplified structure and different tax rates. The final rules are still subject to legislation but HMRC released a factsheet of how it envisages the rules will apply on 17 August 2015. Read this guide to find out more about the changes to dividend taxation from April 2016.
View resourceThe Financial, Tax and Accounting considerations of starting a new business. With this handy reference guide to starting a business, you should be able to successfully handle many of the problems encountered in starting and running a business.
View resourceDownload your very own Business Plan template brought to you by Jacobs Allen.
View resourceSetting up a business and funding it while it takes its first, unsteady steps in the world can be an expensive proposition. As it grows and becomes more resilient, a successful company will begin to be able to stand tall on its own 2 feet, but the initial infancy can be resource intensive. Read our guide to alternative business finance to find out about alternative financing routes.
View resourceAccess the Jacobs Allen 2 Minute Health Check and see how it can benefit your business.
View resourceAnyone who has experienced the difficulty of trying to get through to the HMRC helpline may think that it is an organisation too large and complex to do anything quickly. However, while it may seemingly lack the ability to answer phone calls and emails in a timely manner, HMRC is now a force to be reckoned with when it comes to investigating those who they believe may not be paying the right amount of tax. Read our guide to understand what to expect if you are the subject of an investigation by HMRC.
View resourcePeople often have a slightly misjudged opinion of their savings as a sedentary block of assets that only creeps forward at a glacial pace due to the interest it generates. But if you are thinking about maximising the amount of resources you will have for retirement, or you simply want to start making your money work a little harder, there are a range of strategies for getting more out of your savings. Read this useful guide on how to use your savings to improve your financial position.
View resourceThere are many ways that an employer can go about rewarding their staff, from gifts and bonuses to parties. While it may at first seem like the only factors that need to be factored in are whether or not your employees actually deserve to be rewarded and how much money you are willing to spend, as with most things there are tax obligations to consider too. So what are the options and how do they weigh up against each other? This article outlines some of the different ways employers can reward their staff and the tax implications of each approach.
View resourceRunning payroll is one of the less glamorous aspects of being an employer. However, it is often the mundane tasks that are the most crucial. Failing to pay your staff would quickly lead to a very unhappy workforce. While neglecting your responsibilities towards HMRC could result in penalties and investigations. This guide looks at some of the common payroll problems and choosing payroll software.
View resourceThe rules governing accounting standards are undergoing the biggest change in 30 years. And, while accountants have been bracing themselves for a potentially seismic change for a while now, many businesses could be forgiven for being unaware that anything was changing at all. So what is changing and how should businesses begin to get ready for the transition? Read our guide to the new accountancy standards to find out more.
View resourceRead the latest guide from Jacobs Allen for year-end tax 2015/16 and see how it could benefit you.
View resourceNo one quite knew what to expect in the first budget by a majority Conservative government for almost 20 years. In his seventh Budget Statement as chancellor, George Osborne promised a ‘big budget for a country with big ambitions’. As predicted there were details on how the government will full its pre-election goals of reducing welfare spending by £12 billion and changing the inheritance tax nil-rate band structure.
View resourceFor a run down of the latest tax rates following the Summer Budget 2015, download or print out our handy tax card. If you want to discuss your planning just get in touch and one of our advisers will be happy to help. IMPORTANT NOTICE: Summer Budget 2015 version. These rates and allowances are information only.
View resourceDownload The Autumn Statement Report for 2015. George Osborne’s third economic statement of 2015 (and the fourth within 365 days) lacked the big surprises and headline grabbing announcements we’ve recently come to expect from these occasions
View resource