Newsletter - Spring 2013

Welcome to our spring newsletter

The end of last year saw HMRC take ‘a new approach to Business Records Checks’ and our article ‘ BRC are now up and running’ explains the latest position and what action to take should you receive a letter.

We also look at the biggest surprise announced in the Autumn Statement, the tenfold increase in Annual Investment Allowance for businesses. This isn’t as straight forward as the headlines would have you believe so make sure you read our article ‘Capital complexity’ to see if you can benefit.

Other areas covered include a review of the benefits of small companies transferring their trades back to the shareholders, proposed changes to the way small unincorporated businesses can calculate profits and the outcome of a recent case on a motor expenses policy which was questioned by HMRC.

Along with news on a more generous CGT treatment of certain share options, the new ’employee shareholder’ employment status and family pension schemes we are sure you will find something of interest.

Please contact us if you have any questions regarding any of the articles we have included in our newsletter or if you would like further information on a topic we haven’t covered. Your views are always important to us and we would welcome your feedback.

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BRC are now up and running

Capital complexity?

Running your business as a company - time to reconsider?

Enterprising employees

And more enterprising incentives!

Family pension plans

Simpler tax for the smaller business?

Boxing with National Insurance