Important Information COVID-19

In view of the current situation, we are following advice from the government and would like to reassure you that Horsfield & Smith remains fully operational and open for business – we have procedures in place to enable us to continue providing all of our usual...

Has the Time Come for Cryptocurrency?

Cryptocurrencies may have attracted their fair share of controversy, but there is little doubt their usage is becoming increasingly commonplace and acceptable. More companies are accepting digital tokens as payment, investors now consider them an asset class, and tax...

Staying Afloat After a Flood

Dealing with the aftermath of a flood is a challenging time for affected businesses. Although tax may not seem the most pressing issue for businesses trying to stay afloat, complications can arise. Business owners will still need to make tax payments while dealing...

New Year Resolutions for Family Companies

1. Deliberately decide what to take out Why? Because getting the best tax results is never a matter of chance The most tax efficient way to extract profits for director-shareholders is usually to pay a minimal salary and top up with dividends. The salary level can be...

Capital Gains Fall-Out for Couples and Family Homes

Married and divorcing couples, including civil partners, should be alert to change to the capital gains tax (CGT) rules on private residence relief Divorcing couples Tax is never at the top of the agenda when a relationship ends, yet the tax consequences can be...

Are You Making the Most of Research & Development (R&D)?

Data published recently by the Office for National Statistics (ONS) revealed that the amount UK companies spent on Research and Development (R&D) totalled £25 billion in 2018. With this in mind, we explore how you can make the most of any R&D tax reliefs...