Category: Firm News

thumbnail_Grant-funding_740x425_acf_cropped

Grant funding applications – what happens if you are successful and how we can help

It is often a requirement of grant funding bodies, such as Innovate UK, to obtain a report from an independent accountant. Thompson Jenner has a wealth of experience in reviewing the expenses spent by your business and providing a cost-effective report.

24th May 2024
Spring-Budget-2024-image-scaled_740x425_acf_cropped

Key announcements from the Chancellor’s Spring Budget

Find an outline of the key announcements from the Chancellor's Spring Budget.

7th March 2024
shutterstock_1382280188_740x425_acf_cropped-2

The Tipping Act

By 1 October 2024 every business receiving tips on behalf of employees will need to put in place a written policy and a system for fairly allocating tips on a timely basis.

27th February 2024
December-Tax-Article_740x425_acf_cropped_740x425_acf_cropped

Don’t miss the tax deadline! Prepare your records now for a hassle-free submission.

With Christmas fast approaching the last thing you want to be worrying about is meeting the January 31st deadline for your online tax return when instead you should be enjoying the festivities! 
After the large expense at Christmas no one wants to be faced with late filing and late payment interest and/or penalties in the New Year.   

8th December 2023
2023-Webpage-Header-Image_740x425_acf_cropped

Autumn Statement 2023

It was a headline grabbing Autumn Statement with some tax cuts for employees, self-employed, and businesses.  Though, after the Spring Budget announcements on the freezes to income tax thresholds and the increase of the main rate of Corporation Tax from 01 April 2023, the tax burden remains at record levels for individuals and businesses.

23rd November 2023
Calculator-1_740x425_acf_cropped

The Economic Crime and Corporate Transparency Act 2023: How this impacts your Limited company

On 26 October 2023 the Economic Crime and Corporate Transparency Act 2023 received Royal Assent having first been presented in Autumn 2022.  This piece of legislation increases powers for tackling financial crime and illicit activity, while also reforming the operations and powers of Companies House.

21st November 2023
shutterstock_752674798-1_740x425_acf_cropped

A Guide to Navigating Christmas Tax and Other Benefits Exemptions Effectively this Holiday Season

It’s getting towards that time of year when employers like to spread some festive cheer and thank their staff for all their hard work throughout the year. This tends to come in the form of parties, hampers, or payrolled bonuses, however there may be other ways in which employers choose to celebrate the season.

17th November 2023
shutterstock_631380026_740x425_acf_cropped

Furnished Holiday Lets: Tax Implications

Furnished Holiday Lets (FHLs) are rental properties that meet certain criteria and are treated as a separate rental business. As holiday lets are becoming increasingly popular, it is important to check whether these properties qualify as FHLs.  There are potential benefits and drawbacks to such a characterisation.

28th September 2023
Trust-funds_740x425_acf_cropped

What to do when a trust is wound up

The deed drafted could state that at X date the trust will be wound up and the capital held distributed to A and B. This point does not need to be in the deed but would be advantageous to give the trustees the power to consider this if the time was right and the beneficiaries could be trusted to maintain the assets correctly.

11th September 2023
Shaking-hands-couple_740x425_acf_cropped

Inheritance Tax implications for a relevant property trust

Unlike with an absolute gift of the asset, this would be immediately chargeable to IHT and therefore additional administration would be required.

18th August 2023

News Archive

Related Contacts

Paul Carnell

Paul Carnell Partner

View Profile

Insights

Trust-funds_740x425_acf_cropped

What to do when a trust is wound up

11th September 2023
shutterstock_1249018027-scaled_740x425_acf_cropped

What are the two main types of Trusts?

31st July 2023
shutterstock_316367753-scaled_740x425_acf_cropped

What do I need to consider to set up a trust?

22nd June 2023
elderly-couple-and-famoy_740x425_acf_cropped

Income Tax implications: The two main types of trusts

18th June 2023

Resources & Tools

Our Resource Centre
Interactive Tools
Latest News for Business

Sign up and stay informed

Sign up

Find Us

Exmouth 01395 279521

Explore

© Copyright Thompson Jenner LLP

More than just accountants...