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Best wishes

Nichola

Nichola Ross Martin FCA
Tax Director

www.rossmartin.co.uk
Your online Virtual Tax Partner: practical support for accountants, tax advisers and their clients


 

Essential reading:

Finance Bill 2012
Key measures for the SME adviser broken down into manageable chunks.

Autumn Tax Update
Not the Finance Bill: a summary of interesting tax tips and news

Tax relief on Christmas Parties
That "old chestnut"

Guides and updates

Subscribers only:

Finance Bills and Acts: rolling CPD planner
UPDATED: key issues and what's new

Gifts to staff and trivial benefits and business gifts
UPDATED: to clarify tax relief on business gifts

Entertaining
UPDATED: you may obtain tax relief on some costs of entertaining as this guide explains

Subsistence
UPDATE: case law - where an estimate may be acceptable

Recently updated favourites

ABC or alphabet shares: family companies
UPDATE: consideration of the tax consequences of creating new share classes

Can I back-claim capital allowances on residential property?
UPDATE: a review of current tax breaks to discuss with clients

Running an LLP in tandem with a company
UPDATE: lots of pluses and minuses for professional practices.

PAYE late payment penalties buster
Top tips for employers: you need to change your behaviour - but not quite in the way that HMRC had planned

Updates from last time

Close Investment Holding Companies
UPDATE: two recent reports from the Tribunals indicate how easy it is to overlook the rules

Employment status checklist
UPDATE: three new cases add some dimension to the existing tests

Capital Gains Tax: Entrepreneurs' Relief
UPDATE: comparing the disposal of part of a business and its assets

Recent updates

Furnished Holiday Letting
UPDATE: a major rewrite to include 2011 FA provisions including examples on Averaging and Period of Grace reliefs

Fees and subscriptions (professional bodies)
UPDATED: no tax deduction against employment income if not on HMRC's list

Workplace nurseries
NEW: these continue to attract unlimited exemption from tax and NICs

PAYE: late payment penalties
UPDATE: further guidance for mitigation by clients, with examples

Bona Vacantia & striking off
Our summary of the key issues for advisers to watch out for and advise clients

Retirement: a purchase of own shares
A menu and summary

VAT: a whole new section
Toolkits, practical guides, current reclaim opportunities and updates

Joint property: legal v beneficial ownership
This guide explains the differences, looks at transfer of beneficial ownership, issues for spouses and Declarations of Trust

Capital reduction with a purchase of own shares
UPDATE: this is a very complicated combination, so we have created this checklist

Capital reduction: tax treatment
UPDATE: this guide examines the position where a capital reduction is used and trading is ongoing.

Broadband (Employer's guide)
NEW: our at a glance guide summarises the different combinations and their tax treatment.

Employment status: directors
UPDATE: the difference in treatment of office holders under tax and employment law.

Employment status: partners
NEW: this guide considers a problem for some professional firms.

Business Property Relief: holding companies
UPDATE: following recent queries we have included further examples to deal with mixed trading groups.

Interest: paid on loans from directors
NEW: mini-guide. Is interest paid gross or net? At what rate? Tax relief when irrecoverable.

Valuation (of goodwill) on incorporation
UPDATE: new examples for small & lifestyle businesses.

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