Commentary and insight

Our team of experts keeps a close eye on developments in tax law and financial regulation. Our blog is where they interpret the ever-changing statutory landscape in plain English, highlighting what’s important and offering practical advice on what businesses can do to avoid pitfalls or seize the opportunities presented.

Minimising the Capital Gains Tax Bill

There are many ways in which your eventual liability to capital gains tax (CGT) can be minimised, particularly when share prices are depressed. Many of us may currently have some time on our hands to accelerate tax year end planning. Central to...

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Covid19 – Time to Reflect and Plan Ahead

As we emerge slowly from lockdown, now is a good time to take stock of things and look ahead to how we can run our businesses with the “New Normal” environment we face. What is clear is that some form of social distancing will remain, and many...

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Working from Home During the Coronavirus

Can employees reclaim any expenses? On Monday 16 March 2020, Prime Minister Boris Johnson told the public to work from home where possible in an attempt to contain the ongoing coronavirus outbreak in the UK. For more than 1.7 million people it was...

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Government Extends Furlough Scheme until October

In a boost to millions of jobs and businesses, Chancellor Rishi Sunak has extended the government’s furlough scheme until the end of October 2020. The decision was announced in the House of Commons on 12 May 2020, confirming there will be no...

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What is Your Post Lockdown Strategy?

Now is the time to think about how you are going to grow your business, after the lockdown. Set out your goals The current disruption being experienced by businesses across the world is a huge challenge. However, it may also be an opportunity for...

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COVID-19: Update on Government Support Schemes

The HMRC application portal opened on 20 April for businesses to submit details of furloughed employees. On the first day the website was very slow, but this seems to have settled down. There have been several issues uploading the data to the...

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Exam Congratulations

The Horsfield & Smith team would like to congratulate Alicia Whittle who has passed her Business Planning Taxation exam, which means she is part qualified with the ICAEW. Well done Alicia!  

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COVID-19: Business Survival Guide

The government has stepped in to provide support to certain areas of the economy but even with this becoming available in the coming weeks, some of us will need advice on how to survive the lock down. Here are our thoughts. 1. Apply for all...

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Personal Tax Changes for 2020/21

What you need to know for the tax year. The Government left it to the very last minute to announce its tax plans for 2020/21. Fortunately, Chancellor Rishi Sunak had a few surprises up his sleeve in last month’s Spring Budget. Three of the main...

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