New Year, Exciting Times Ahead!
Yes, it’s July rather than January, but here at Garbutt + Elliott we are just beginning our new financial year so we are full of anticipation for the year ahead and already excited about some. More
Dairy farmers should be thinking of making tax claims if they have milk quota
The system of farming milk quota was abolished on 31 March 2015. More
Beware of not declaring lifetime gifts
Have you been lucky enough to be on the receiving end of someone’s generosity as part of their inheritance tax planning? It is typically parents or grandparents who are the donors. More
Property Companies fined by HMRC for not claiming tax exemption
Two property owning companies were recently fined by HMRC – in one case £1,300 – for failing to notify them that they were exempt from a property tax charge. More
How will Government cuts impact on services provided by local authorities?
The impact of the recession since 2008 has long been a major concern to the charity sector; particularly for those involved in social care, health care and support for vulnerable people. More
Do you need to register for Childcare Vouchers before it’s too late…?
This autumn sees the introduction of ‘Tax-Free Childcare’; a new Government scheme to help families with their childcare costs; replacing the existing childcare vouchers scheme. More
Family homes of up to £1m to avoid Inheritance Tax under planned Tory changes
The recent election result surprised many people, not least the pollsters. More
What can you do about late penalty charges?
HMRC systems are largely automated and are quick to lash out a penalty when they detect a late tax return filing or a late payment, but if your business is having cash flow issues what. More
Does your accounting software benefit you?
Over the years, changes in IT have had a significant effect on the bookkeeping and accounting functions for most businesses. More
Patent Box – Manufacturers Take Note
Do you fancy halving your rate of corporation tax? The Patent Box is not just for scientists. Often it is manufacturers that benefit, though it is not restricted to any particular trade. More