Keep up to date with our latest Industry Insights
With so many changes happening in our day-to-day lives, it’s comforting to know you can turn to a valuable resource to keep you updated on all the things which may affect your business.
At bennettbrooks we are lucky to have a dedicated and well-rounded technology team; some of our longest running relationships span the distance since we introduced the first service back in 2009.
On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fuelled by falling inflation and stabilised public finances, focus is now being applied to reducing debt, cutting tax and rewarding hard work.
Thoughts on the Key points from the Autumn Statement by Mary Tierney, Tax Director
The Economic Crime and Transparency Bill achieved Royal Assent and became law on 26 October 2023. This means there are changes ahead in Companies House measures targeted at disrupting economic crime such as identity verification for all directors and increased enforcement powers for Companies House.
With the recent announcement that the northern leg of HS2 will be scrapped, many of those already impacted by the scheme are left with great uncertainty. With the announcement of ‘Network North’, many more will be impacted in the future.
Anthony Whittaker, Client Director (Trusts and Estates) talks about the intricacies of taxation on investment bonds following a death.
As part of our commitment to becoming a B Corp organisation, bennettbrooks have had solar panels installed at our Leek office on Cross Street.
Llandudno director, Andrew Filbee explains why its not just property agents and solicitors that should be involved when a business is looking at buying a commercial site. An accountant can offer invaluable advice that could save businesses thousands of pounds in tax relief.
EOTs have been and continue to be an effective and useful tool when considering exit and succession planning. The consultation addresses some of the obvious and common issues that have arisen over the past 10 years, and many of these have been highlighted already by the professional accountancy and tax bodies.
The agricultural industry has many opportunities for an individual to benefit from Inheritance Tax (IHT) reliefs, as a result this has many individuals believing they will not have an inheritance tax liability. In many instances farmers will be covered by Agricultural Property Relief (APR) and Business Property Relief (BPR), however, certain business structures can limit these reliefs
Our team have considerable experience in this area and this is probably why, as an advisor who works with many clients on R&D claims, we have had minimal issues arising from the random enquiries.
R&D tax relief is offered to encourage innovation and advances within businesses, and working with a tax accountant with a thorough knowledge of the rules and wide practical experience is essential.
With the ever-increasing push for green credentials, the UK renewable energy market is expanding, and many farmers are now facing the opportunity of diversifying or letting land for solar or battery storage.