Entrepreneurs’ Relief changes expected in March Budget

20 Feb 2020

Speculation is increasing that the Government will announce significant curbs on Entrepreneurs’ Relief in the Budget, or could even scrap the valuable tax relief altogether. According to the Financial Times, ministers are concerned that Entrepreneurs’ Relief is too generous to wealthy individuals. Entrepreneurs’ Relief allows business owners to pay half the usual 20 per cent […]

Read Full Story

Get ready for a range of tax changes this April

20 Feb 2020

Monday 6 April 2020 will see a range of tax changes come into effect with the start of the 2020/21 tax year. Some of these changes have the potential to have considerable implications for your tax bill, depending upon your specific circumstances. Here is a selection of the most significant changes: Capital Gains Tax (CGT): […]

Read Full Story

Latest case highlights the dangers of not meeting workplace pension requirements

20 Feb 2020

A recruitment business has been ordered to pay £10,890 after avoiding their automatic enrolment duties and misleading the Pensions Regulator (TPR). Hertfordshire-based SKL Professional Recruitment Agency Ltd’s managing director Linus (known as Lee) Kadzere has been sentenced at Brighton Magistrates’ Court for wilfully failing to comply with the workplace pension rules and misleading TPR. The […]

Read Full Story

Property tax implications of getting divorced

20 Feb 2020

If you are in the process of getting divorced, it is likely that the tax considerations involved are not foremost in your mind. However, divorce can have extensive implications for your tax bill, including in relation to Capital Gains Tax (CGT). This means it is crucial that you take your tax position into consideration when […]

Read Full Story

Watch our RecieptBank training videos

15 Jan 2020

If you are new to ReceiptBank or are simply looking for a quick refresher, we have published a series of how-to videos on our website. The first video in the series starts off with the very basics – how to set up your RecieptBank account. The full series of videos can be viewed here. For […]

Read Full Story

VAT receipts reach record level of £133 billion

07 Jan 2020

Figures published by HM Revenue & Customs (HMRC) have revealed that VAT revenue in 2018/19 rose by £7 billion from the previous year to reach a record £133 billion. In the ten years since 2008/09, the VAT take has risen by 52 per cent from £87.9 billion. The bulk of the VAT take last year […]

Read Full Story

Reminder: National Living Wage set to increase from April

07 Jan 2020

On 1 April 2020 the Government will introduce increases to the National Living and Minimum Wage. From this date the National Living Wage (NLW) will rise from £8.21 to £8.72 per hour and will mean that 2.8 million full-time workers will see a £930 boost to their annual earnings. The Government claims that the introduction […]

Read Full Story

Should your company pay a data protection fee?

07 Jan 2020

We are aware that the Information Commissioner’s Office (ICO) has been contacting companies to remind them of their legal obligation to pay a data protection fee. The ICO has confirmed that the UK’s 4.2 million limited companies will receive letters sent to their registered office addresses making them aware of this obligation, which is mandatory […]

Read Full Story

Annual R&D spend in the UK reaches £25 billion

11 Dec 2019

According to the latest figures from the Office for National Statistics (ONS) businesses in the UK spent £25 billion on research and development (R&D) during 2018. The figure represents a 5.8 per cent increase on the previous year when the figure stood at £23.7 billion. The ONS claim the figures highlight an upward trend when […]

Read Full Story

HMRC urges taxpayers to be vigilant ahead of self-assessment deadline

11 Dec 2019

HM Revenue & Customs (HMRC) has urged taxpayers to be vigilant ahead of the self-assessment deadline on 31 January 2020, with a surge in fraudulent activity expected. HMRC has said that it has received 900,000 reports in the last 12 months relating to suspected fraud, with phone calls, text messages and emails being the most […]

Read Full Story

Contact Us Today

For more information on any of our services, please leave your details here and one of our team will contact you.

Which services are you interested in?
IndividualsBusinessesWealth ManagementSpecialist Services

I am happy to receive newsletters and promotional information from Rotherham Taylor

If you would like to see full details of our data practices please visit our Privacy Policy and if you have any questions please email info@rtaccountants.co.uk.