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HMRC unannounced visits are becoming the norm
Unannounced visits by HMRC carrying out inspections are becoming the norm. In this article we look at a recent client…
Read more 20161201
Case study: The HMRC tactics for unrepresented taxpayers
Here’s how our Tax Investigations & Dispute Resolutions team recently helped a client to fast-track the conclusion of…
Read more 20170306
Webinar: What to do if HMRC turn up at your doorstep
Watch our best practice webinar with PFP on why HMRC carries out unannounced visits and what to do if visited.…
Read more 20170306
HMRC’s ‘tax avoidance’ ruling on Ingenious film financing scheme
HMRC adopts a tough line on tax avoidance schemes. This recent case before the Upper Tribunal (UT) highlights how HMRC…
Read more 20170612
Case study: HMRC’s suspicions proven unfounded
Our Tax Investigations & Dispute Resolutions team helped a client under a COP9 investigation to prove his innocence of…
Read more 20170612
What five key points should be taken away from our 2017 ‘Evening with HMRC’ event?
Our latest Tax Investigations and Dispute Resolution event provided attendees with an exclusive insight into HMRC's…
Read more 20171013
Buzzacott wins 'Best outsourced operations/finance service'
Buzzacott are delighted to have received an award for 'Best outsourced operations/finance service' at the annual HFM…
Read more 20180427
Annual reporting for employee share and share option plans
If your company operates a share or share option plan for employees or directors, or they have acquired shares in the…
Read more 20180409
International Adviser Digital Magazine: Nowhere to hide
International Adviser recently published an article written by Mark Taylor, Head of Tax Investigations, on the…
Read more 20180719
Changes to the VAT exemption for cost sharing groups
Following the decision of the Court of Justice of the European Union (CJEU) in a number of recent cases*, HMRC released…
Read more 20180412
Buzzacott have been shortlisted for the 2018 Tolley’s Taxation Awards
We are delighted to announce that Buzzacott have been shortlisted for the 2018 Tolley’s Taxation Awards for the best…
Read more 20180409
Buzzacott wins The Hedge Fund Journal Award
We are delighted to have received the award for 'Leading Accounting & Business Services Practice' at the annual Hedge…
Read more 20180131
3 April 2018
Offshore Voluntary Disclosure Program is ending
The IRS have confirmed that they will be closing the 2014 Offshore Voluntary Disclosure Program (OVDP) on 28 September 2…
Read more 20180403
Offshore and CRS: Yet more to worry about for the ‘good guys’
The burden on ‘offshore’ service providers and their advisers is already monumental but it is about to get bigger…
Read more 20180319
Spring Statement 2018: Tech
The Spring Statement reconfirmed the government’s commitment to the technology sector, and there are some measures…
Read more 20180313
Spring Statement 2018: Individuals
The Spring Statement 2018 was designed to report on the progress of the economy. However, there were some consultations…
Read more 20180313
Buzzacott successfully advise on a £3m Series A
Buzzacott have successfully advised Open Energy Market (‘OEM’), the UK’s leading online trading platform for…
Read more 20180212
Iain Butler joins Buzzacott as R&D Tax Credits Director
We are delighted to announce the appointment of Iain Butler as R&D Tax Credits Director in our Corporate and Business…
Read more 20180122
Businesses face substantial backdated holiday pay claims
The ECJ's decision in Mr King v The Sash Window Workshop Limited could create significant holiday pay liabilities for…
Read more 20180112
The Future of Enterprise Investment Schemes (EIS)
At the time of writing my last article there were concerns in the industry about what the future might hold for EIS,…
Read more 20171205
What are the latest changes to salary sacrifice?
The 2016 Autumn Statement introduced important changes to the Income Tax and National Insurance Contributions (NIC) of…
Read more 20171102
Sleep ins – now entitled to National Minimum Wage
A recent ruling by an employment appeals tribunal stated that if an employee is required to be present at their place…
Read more 20171016
Regular voluntary overtime must be included in holiday pay
The Employment Appeal Tribunal (EAT) has confirmed that payments for purely voluntary overtime should be included in…
Read more 20171017
Change to VAT treatment of pension fund management charges
HMRC has now published its Revenue & Customs Brief (RCB) 03/17.…
Read more 20171017
New non-domiciles opportunity for mixed funds
The UK government’s delayed changes to the Finance Bill 2017-19 regarding rules around non-dom’s, have now become…
Read more 20171201
Which HR systems can really transform your organisation?
Investing in HR technology can transform your organisation…
Read more 20180729
Sexual Harassment! Protect your employees!
Workplace sexual harassment claims are making headlines at a disturbing rate…
Read more 20180729
What to do with employees who don’t want to lead?
What are the dangers of having a workforce that just don't want to lead? …
Read more 20180729
Supporting equality in the workforce: Transgender workplace rights
In February 2018 Primark was ordered to pay £47,433.03 in damages when an employment tribunal ruled…
Read more 20180729
Curators of the new business landscape - HR's role in preparing leaders
In the face of the changing business landscape, HR have a clear opportunity to drive the strategy of the business…
Read more 20180729
Don't walk away from difficult partners
There are a range of ways that difficult partners can be dealt with through HR…
Read more 20180729
General Data Protection Regulations (GDPR) – Key action points for HR practitioners
HR professionals have control over some of the most sensitive personal information an organisation holds…
Read more 20180729
How to avoid people-problem landmines
No matter what the situation is or who is involved, conflict of any kind can easily become damaging…
Read more 20180729
What are the benefits of coaching to the organisation?
Living in an age where technology is advancing quickly and organisations need to keep up with the pace…
Read more 20180729
What is a Legal Entity Identifier (LEI) and how are they relevant to charities?
Charities with investment managers trading in investments or acting on their behalf may need to obtain an LEI code…
Read more 20180729
Mastering tronc
There are some 150,000 businesses in the UK where tipping is common, but the practice is far from transparent…
Read more 20180729
Case study: closed enquiry reopened and a late appeal accepted
View how we helped a client who approached our Tax Investigations & Dispute Resolutions team. HMRC’s Late Stage Debt…
Read more 20180729
Case study: HMRC change decision regarding suspension of a careless penalty
In this case study we describe how our Tax Investigations & Dispute Resolutions team recently helped a client get…
Read more 20180729
Dividend allowance + CGT allowance =
The taxation of dividends was changed from 6 April 2016, primarily to prevent people reducing their tax bill…
Read more 20180729
Best practice examples of auto-enrolment
As part of the research conducted by Buzzacott, in partnership with Meridian West, we gathered views…
Read more 20180729
Is your investment portfolio performing?
2016 may have been contentious in the world of politics but it was a good year for stock markets…
Read more 20180729
Does the death knell toll for the pension?
The Lifetime ISA landed in April 2016. A survey by MetLife showed that approximately 1.7m of Britain’s youngsters…
Read more 20180729
Increases to auto-enrolment rates take effect soon
The minimum level of pension contributions required to be made to a workplace pension scheme is increasing…
Read more 20180729
Are you fulfilling your ongoing auto-enrolment duties?
As part of their ongoing auto-enrolment duties, every employer has to re-enrol eligible jobholders into a qualifying…
Read more 20180729
All you need to know about maximising your pension
The rules around pension contributions have been tweaked in recent years, resulting in a system that offers more…
Read more 20180729
R&D tax credits for architects – what should you know?
Most architectural practices will have heard about R&D tax credits by now. Unfortunately, I find there is widespread…
Read more 20190129
How to work with HMRC to secure your R&D tax credit
Submitting an R&D tax credit claim could be the first big interaction many new companies will have with HMRC…
Read more 20180729
Two key parties have the power to shut down your business
They are the bank and the taxman. The journey of the entrepreneur does not always allow for forward planning. The…
Read more 20180831
What’s the Buzz in the world of tech? From Phillip Hammond to Theranos
Four weeks can be a long time in the tech world. From IPOs to new technological developments – a lot can change. This…
Read more 20180814
Dealing with disruption – be inspired not pressured by tech innovation
Harvard Business School Professor Clayton Christensen once said “The concept of disruption is about competitive…
Read more 20180729
Life at Buzzacott: In conversation with our apprentice, Daniel Cattrall
Apprenticeships are becoming a more popular choice, combining on the job training with more formal learning…
Read more 20180729
Does my UK subsidiary need an audit?
Small standalone UK companies and LLPs are exempt from audit. If the entity is in a group, however…
Read more 20180729
Why have an audit?
An audit provides a high level of assurance for a company and in some circumstances, is required by law.…
Read more 20180730
Billon graduates from the sandbox with flying colours
Robert Kaluza, Chief Operating Officer at Billon – a fast-growing fintech firm – talks about the FCA sandbox…
Read more 20180730
What’s the Buzz? From the sharing of personal data to the use of AI to fight crime
From the sharing of personal data to the use of AI to fight crime, recent events have brought us truly fascinating…
Read more 20180816
Authenticity: The key to thriving in the future of fintech
The fintech sector’s success is built on speed: how quickly these companies have been able to adapt…
Read more 20180823
Find the Sheryl to your Mark: why the right people strategy matters for growing tech companies
When you’re looking to grow your business, it can be hard to know where to focus your energy…
Read more 20180829
Sun, sea and a summer tax bill?
As the end of July rapidly approaches, some taxpayers are faced with the recurring prospect of yet another tax…
Read more 20180731
Event overview - R&D: How to keep HMRC (and your bank balance) happy
Last week I had a really interesting round table discussion with a group of London’s most innovative…
Read more 20180731
What financial matters do you need to consider when setting up a new business?
Since Brexit threatened to close down on non-UK business owners working in the UK, we have seen a steady rise…
Read more 20180731
What can law firms do to make themselves more Accounts Rules compliant?
We’ve put together some handy housekeeping tips which will help make your firm more Accounts Rules compliant.…
Read more 20180731
Tax case: Taxpayer's error - careless NOT deliberate
HMRC can make mistakes; this article shows why taxpayers should consider challenging HMRC assumptions…
Read more 20180731
I'm Nigerian. How can I have a UK tax problem?
If you are an individual, trustee or director/shareholder of a non- UK company…
Read more 20180815
Portfolio/investment managers’ fees and VAT recovery - court of appeal decision
The Court of Appeal (COA) released its decision in the Commissioners for HMRC v Chancellor, Masters and Scholars…
Read more 20180731
What five key points should be taken away from the PFP 2017 UK Tax Investigations Conference?
Mark Taylor, Head of Buzzacott’s Tax Investigation & Dispute Resolution, was invited to speak at their most recent…
Read more 20180731
PrimeGlobal facts and figures
PrimeGlobal is one of the largest associations of independent accounting firms in the world…
Read more 20180731
Stepping Stones: What Americans in the UK, married to UK citizens, need to know about divorce
The Tax Cuts and Jobs Act changed the US tax deductions for alimony payments for post-2018 divorce agreements…
Read more 20180731
Stepping Stones: What Americans in the UK need to know about taxation for children
When you have a child who is a US citizen, there are certain tax filing requirements that need to be considered…
Read more 20180731
2017/18 UK year–end tax planning for US individuals
Buzzacott’s Expatriate Tax Services team have pulled together the key tax points that US individuals should consider.…
Read more 20180731
US Tax Reform – the basics for US individuals in the UK
Most of the changes seen from the Tax Cuts & Jobs Act 2017 will be effective 1 January 2018…
Read more 20180731
Top tips for expatriate payroll reporting obligations
Using real-life scenarios here we share our top tips to consider when setting up payroll…
Read more 20180731
2017 US Tax Year End Planning
As the US tax year draws to a close, what steps do you need to take to minimize your tax exposure? Will the proposed 201…
Read more 20180731
Post-Brexit Britain
The UK’s departure from the European Union will have significant short-, medium- and long-term impacts…
Read more 20180501
Stepping Stones: What Americans need to know about owning UK property
Whether you are buying your first home, or investing in real estate, owning UK property as an American…
Read more 20180828
Stepping Stones: US citizens setting up a UK business
When thinking about setting up a UK company, there is no one size fits all solution.…
Read more 20190510
Stepping Stones: Protect your investments and pensions as an American in the UK
If you’re a US Citizen living in the UK, you need to carefully plan your investment strategy…
Read more 20180731
Stepping Stones: What Americans need to know when arriving in the UK
So you’ve just landed in the UK, or maybe you’re just about to move over. You probably have a million things…
Read more 20180817
Asian Private Banker: Asian investors shouldn’t hurry to restructure US assets if estate tax is repealed
Following an interview with Buzzacott Partners Carlo Gray and Scott Barber, Asian Private Banker reported…
Read more 20180731
The exchange factor
In the light of recent shocks in global politics, we have been busy reviewing changes…
Read more 20180731
Asian Private Banker: Brit Expats “thinking twice” about returning home
Asian Private Banker recently wrote an article on the UK non-domiciled tax rules following a phone interview with…
Read more 20180731
What US tax issues are there for US taxpayers with foreign trusts?
US beneficiaries and owners of a foreign (non-US) trust can have complex US reporting…
Read more 20180731
How does a trust become a US problem?
Global mobility is on the increase with more and more organisations moving towards globally…
Read more 20180731
Britain in Hong Kong Magazine: A UK tax deadline not to be missed
One of the most important deadlines of recent note…
Read more 20180731
I'm 'offshore': How can I have a UK tax problem?
If you are an individual, trustee or director/shareholder of a non-UK company (or equivalent entities…
Read more 20180821
Another branch of the Private Client team
Further to our exploration last quarter of the trust services offered by the Private Client team…
Read more 20180731
HMRC's liberal use of penalties checked
HMRC are becoming increasingly aggressive in the issuing and pursuit of penalties…
Read more 20180731
Have you registered your trust with HMRC?
All trustees of UK and non-UK trusts are potentially within the requirement to register their trust with…
Read more 20180731
Non-UK resident trusts: IHT and UK residential property - beware of the two-year tail
From 6 April 2017, offshore companies owning UK residential property or having used loans to buy/maintain such property…
Read more 20180731
Exposing the 60% income tax rate
Although it is commonly thought that the highest UK Income Tax rate is 45%…
Read more 20190902
UK tax rules for non-resident entertainers and sportspeople
It is a common misconception that non-UK resident entertainers and sportspeople are not liable to UK Income Tax…
Read more 20180731
Revisit anything 'offshore' or risk potentially huge penalties
The Finance (No. 2) Act 2017 introduced new rules for anyone who has undeclared UK Income Tax…
Read more 20180731
Private Client Quarterly Tax Digest - Spring 2018
Welcome to the Spring edition of the Private Client team's quarterly…
Read more 20180731
The PC Team continued...let's talk trusts
Last quarter we took the opportunity to introduce the Private Client team as a whole and our branch of expertise…
Read more 20180731
The Residential Nil Rate Band – Don’t miss out
While you may already be aware of the Residential Nil Rate Band (RNRB), which came into effect…
Read more 20180731
Gifts from the Bank of Mum and Dad
As more young people turn to the bank of mum and dad, or grandparents, for help getting on to the property ladder,…
Read more 20180731
Academies and VAT - To register or not to register?
Over the last couple of years, conversion to academy status has gathered pace. Academy status brings with it various…
Read more 20180821
Annual reporting for employee share and share option plans
Did you know? All reporting for the tax year ending 5 April 2017 must be done through the HMRC Employment Related…
Read more 20180821
Tax efficient giving
This Charity Tax brief explains how you can make the most from the donations that you receive. …
Read more 20180821
Fundraising events: VAT and Direct Tax
One of the most valuable and widely used VAT reliefs from which charities benefit is their ability to exempt from VAT,…
Read more 20180821
GDPR challenges faced by charities and how to prepare for them
All organisations hold personal data on their systems that must be protected. The General Data Protection Regulation…
Read more 20180822
The lifecycle of a global assignment
Global mobility is on the increase with more and more organisations moving towards globally integrated operation models…
Read more 20180822
Hospital charities and reflections on the revised SORP
For many in the charity sector, the new Charities Statement of Recommended Practice (“SORP 2015”) was anticipated…
Read more 20180822
Pros and cons of using a trading subsidiary
There are a number of considerations that charities and their trustees need to take into account when deciding on…
Read more 20180822
One stop shop for Social Business start ups in the UK
Whether you are starting a new social business or wishing to expand your existing business into the UK, there is a maze…
Read more 20180822
29 August 2018
Our clients are what make our job interesting
Clients approach us from diverse backgrounds with an assortment of challenges that are not always financial. Here, our…
Read more 20180829
30 August 2018
Excitement, Education and Confidence – the ingredients to bring more women into tech
Excitement, Education and Confidence – the ingredients to bring more women into tech…
Read more 20180830
23 August 2018
Four funding lessons from the founding of Facebook
Earlier this year, Mark Zuckerberg faced questions before Congress in what tech journalists everywhere dubbed the…
Read more 20180823
How tech companies can avoid being caught off-side: lessons from VAR Technology
How tech companies can avoid being caught off-side: lessons from VAR Technology…
Read more 20180807
When a Data Subject Access Request is not all it seems!
There are concerns that the Data Subject Access Request widely publicised as part of our rights under GDPR might be…
Read more 20180731
An Entrepreneurs' Story
Buzzacott’s Matthew Katz and Philip Walters caught up with Frank Murphy to talk about his experience of selling BTC…
Read more 20180830
Entrepreneurs' Relief: Extension to qualifying conditions
The government has launched a consultation to review how individuals who own at least 5% of the shares in a trading…
Read more 20180725
Stepping Stones: What Americans need to know when arriving in Hong Kong
So, you’ve just landed in Hong Kong, or maybe you are just about to move over. You probably have a million things on…
Read more 20180904
6 September 2017
Risky business – accounting for dilapidations
HMRC have recently been querying dilapidations provisions which are provisions made in advance for payments due at the…
Read more 20170906
6 August 2018
The Basics of US Estate and UK Inheritance Tax
We have put together a detailed insight to give you a summary of some of the basic UK Inheritance Tax and US Estate Tax…
Read more 20180806
Retention of accounting records and other corporate records
One of the most common questions that clients ask us is, “How long should we retain our accounting records?”…
Read more 20180906
What is a micro-entity?
Micro-entities are very small UK companies or LLPs. Your company may be a micro-entity if it meets two of the three…
Read more 20180806
What is 'high performance working'?
Ultimately, ‘high performance working’ (HPW) is about creating a culture where there is transparency, trust and…
Read more 20180906
6 September 2015
Summer Budget 2015: Simplification of consortium relief rules
Summer Budget 2015: Simplification of consortium relief rules…
Read more 20150906
6 September 2017
Non-wasting chattels
As a follow up to last quarter’s article on tax free profits (e.g. on cars), we now look at ‘non-wasting’…
Read more 20170906
6 September 2017
Agent or principal? - The importance of contracts
Agent or principal? - The importance of contracts…
Read more 20170906
Key performance indicators (KPIs) for architecture practices
For all practices, small or large, KPIs are important tools to measure the success of your business. Here, we take a…
Read more 20180804
The data security issues facing membership organisations
Membership organisations hold personal data on their systems that must be protected. …
Read more 20180906
About to become an Equity Partner? Find out what you need to do next
Congratulations, great news! But what does this actually mean? This article will explore some of the financial issues…
Read more 20180906
6 August 2018
What HR issues will you need to tackle in 2018?
To help you settle back into the swing of things following the festive break, we’ve created a brief overview of the…
Read more 20180806
2 July 2018
Top 10 tips for buying out shareholders
Buying out other shareholders can be complicated. Corporate Finance Partner, Matthew Katz, shares his ten tips for a…
Read more 20180702
6 September 2017
Insurance, Compensation and Capital Gains Tax
It is not widely known that the receipt of money under an insurance policy or as compensation when an asset is lost,…
Read more 20170906
6 September 2017
How to account for VAT on counsel's fees.
The Law Society offers two approaches to dealing with VAT on counsel’s fees.…
Read more 20170906
12 September 2018
Breaking free from traditional VC funding – and here’s how
where do you look when VC funding isn’t for you?…
Read more 20180912
2 July 2018
Kids Company - The lessons no trustee can afford to ignore
Kids Company - The lessons no trustee can afford to ignore…
Read more 20180702
A simple move for happy hospitality staff
Appointing an independent troncmaster allows for the fair and transparent pooling and distribution of tips.…
Read more 20180914
23 July 2018
Making tax digital for VAT
From 2019 most VAT registered UK businesses above the VAT registration threshold, will need to comply with Making Tax…
Read more 20180723
20 September 2018
What five key points should be taken away from our latest ‘Evening with HMRC’ event?
We take a look at the five key points following our latest ‘Evening with HMRC’ event…
Read more 20180920
The importance of a strong finance function
Meera Shah, Corporate Finance discusses the issues for SME scale-ups when they don't have a proper finance function in…
Read more 20180924
1 February 2017
Buzzacott named 'Leading UK Manager Audit Practice'
Buzzacott named 'Leading UK Manager Audit Practice'…
Read more 20170201
25 September 2018
Requirement to Correct – Last chance saloon
Taxpayers have until 30 September 2018 under the Requirement to Correct legislation to register their intention to discl…
Read more 20180925
25 September 2018
Dancer successfully challenges HMRC
In a recent tax case, Gemma Daniels v HMRC, the FTT held that claims for outfits and cosmetics were permitted.…
Read more 20180925
25 September 2018
Uncooperative behaviour not deliberate concealment
Mark Taylor give his thoughts on a recent tax case 'Romie Tager and others v HMRC”…
Read more 20180925
26 September 2018
Buzzacott’s Priya Mehta named in 50 Leading Women in Hedge Funds report
The Hedge Fund Journal in association with EY published their 50 Leading Women in Hedge Funds report.…
Read more 20180926
1 October 2018
Buzzacott elects Tony Hopson as new Managing Partner
Buzzacott has appointed Tony Hopson as managing partner, taking effect from 1 October 2018.…
Read more 20181001
Our thoughts: Government postpone legislation regarding tips
Mark Taylor offers his thoughts on the government's plan to prevent restaurants from taking deductions from tips…
Read more 20190225
10 October 2018
An HR Check Up: an opportunity not to be missed
Doug Farrow, Director of our HR consutlancy team, addresses why your academy should review their HR policies.…
Read more 20181010
Promoting positive mental health in the workplace
Mental health includes our emotional, psychological, and social well-being. Our HR Consultants provide key actions for…
Read more 20181010
9 October 2018
How to retain your employees
For organisations to deliver their strategic objectives, they must ensure skill and knowledge are retained.…
Read more 20181009
10 October 2018
Embedding policies in charities: What’s the ‘tone at the top’?
This article puts forward key things to consider around policy setting, and key take-aways into how charities can…
Read more 20181010
10 October 2018
How SMEs can still attract top talent – even during Brexit
Here’s how SMEs can continue to attract top talent – even during Brexit …
Read more 20181010
10 October 2018
Why UK tech companies can’t compete with the likes of Uber
Buzzacott's Tech Partner, Simon Wax, highlights the three major challenges UK tech businesses face.…
Read more 20181010
10 October 2018
Four moments when tech founders should ask: Is it time to get help with our finances?
In the early days of a growing tech business, you discover lots of skills you didn’t know you had.…
Read more 20181010
How R&D tax credits can incentivise the technology sector to get creative and experiment
As recently reported investment in the UK’s technology sector from Europe has grown over 20% and the total amount…
Read more 20190605
18 October 2018
Cashback incentives - the key to success for scaling tech companies
Cashback incentives are the key to help scaling tech companies find success – here’s why…
Read more 20181018
2 November 2018
2019 National Living/Minimum Wage
With changes to the NLW set to be implemented from April 2019, our Troncmaster team look at the latest figures released.…
Read more 20181102
2 November 2018
Termination payments- NIC changes
Class 1A NIC employer charges on termination payments of more than £30,000 are now due to come into effect in April 201…
Read more 20181102
30 October 2018
Budget 2018: How will it impact charities?
The Autumn Budget brings some good news for the Charity sector…
Read more 20181030
30 October 2018
Budget 2018: What do private clients need to know?
Our Private Clients team pull apart the Autumn Budget 2018 and look at what bits individuals need to know about.…
Read more 20181030
HR in hospitality: are you covered?
Crippling fines, criminal conviction and possible closure of your business. Is your hospitality business HR compliant?…
Read more 20181102
26 October 2018
The US opportunity
The US has become a true exit option for the UK; US purchasers are showing an increased appetite for acquiring UK…
Read more 20181026
29 October 2018
Budget 2018: What do I need to know?
With Brexit continuing to hang over us, the Budget 2018 was presented in a positive manner…
Read more 20181029
30 October 2018
Budget 2018: Personal Tax
Budget 2018: Personal Tax…
Read more 20181030
1 November 2018
Fail to prepare, prepare to fail: How UK Fintech companies can capitalise on the hot sector
From 3D printing to blockchain and even quantum computing, it’s hard to say what will dominate the headlines in the…
Read more 20181101
1 November 2018
The Perfect Match – finding the right partner to invest and grow your business
Securing funding can be critical for the development of a small business, particularly in sectors as fast moving and…
Read more 20181101
1 November 2018
Growing up and moving out
September is officially the ‘back to school’ month. And as one and a half million young people pack up and move…
Read more 20181101
2 November 2018
2018 US Tax Year End Planning
As 2018 draws to a close, we look at some of this year's key US tax changes, as well as some important year-end…
Read more 20181102
2 November 2018
2018 US Tax Year End Planning: Tax Reform
Some of the most significant changes this year, related to our US clients who had control over a foreign corporation…
Read more 20181102
2 November 2018
2018 US Tax Year End Planning: Utilising unused 2018 allowances or deferring income to 2019
Should you look at spreading income over two tax years?…
Read more 20181102
2 November 2018
2018 US Tax Year End Planning: Estate & Gift Tax
Are you aware of any potential tax efficient gifts that could be considered before year-end?…
Read more 20181102
2 November 2018
2018 US Tax Year End Planning: Pensions
Taxpayers holding traditional IRAs or 401(k) plans continue to be able to convert them to a Roth IRA…
Read more 20181102
2 November 2018
2018 US Tax Year End Planning: Mortgage Redemptions
Beware of a tax trap for those US taxpayers who have a non-US (i.e. UK) mortgage and are about to sell their property…
Read more 20181102
2 November 2018
2018 US Tax Year End Planning: UK Tax Payments timed before or after 31 December 2018
Making payments before the Christmas holiday season avoids last-minute problems …
Read more 20181102
2 November 2018
2018 US Tax Year End Planning: Key deadlines
There are other important dates that you may need to be aware of, but here are some of the key US and UK tax deadlines…
Read more 20181102
5 November 2018
What’s the Buzz? A positive outlook for autumn
The change of seasons brings exciting new developments for the tech industry – both good and bad.…
Read more 20181105
5 November 2018
You say tomato
Avoiding misunderstandings is vital when selling a UK business to a US buyer - even if they speak the same language.…
Read more 20181105
A 'how to' guide when investing in R&D
Being a scaling tech company at times can seem like competing in a very fast contest and keeping ahead of your…
Read more 20181106
Top 10 tips for setting up a successful business
Setting up a business is often a learn-as-you-go process, but the more smart decisions you make early on, the better…
Read more 20190501
19 November 2018
Update Bulletin Two: What has changed after updates to the SORP?
The SORP committee issued an update bulletin to bring the SORP in line with FRS 102. Katharine Patel of Buzzacott looks…
Read more 20181119
Is scaling up right for you?
Manager, Meera Shah, shares her insights from SVC2UK's events last week - is scaling up right for your business?…
Read more 20181119
29 November 2018
Reverse charge VAT and charities with non-business activities
Reverse charge VAT and charities with non-business activities…
Read more 20181129
29 November 2018
SOC VAT Consultants joins Buzzacott
Top 25 accountancy firm Buzzacott, joins with renowned charity sector VAT specialists SOC VAT Consultants…
Read more 20181129
3 December 2018
Buzzacott leads the way for overall service in the Charity auditor awards 2018
Buzzacott has been recognised as a leading auditor in the Charity Finance Audit Survey 2018 …
Read more 20181203
4 December 2018
The mistakes most scale-ups make...
The team's takeaways from SVC2UK: The mistakes most scale-ups make...…
Read more 20181204
7 December 2018
Our thoughts: UK to suspend Tier 1 Investor Visa programme
The tier 1 visa also known as the 'golden visa' for the super rich will be suspended to allow the Home Office to…
Read more 20181207
Buzzacott celebrates 100 years of business
2019 marks 100 years of business for Buzzacott. With our origins starting after the First World War with Fred…
Read more 20190104
UK tax year-end planning
Most US citizens and long-term residents (green card holders) living in the UK are subject to tax in both the US and…
Read more 20190213
UK tax year-end planning: foreign tax credits
We normally advise clients to consider making an upfront UK tax payment before 31 December …
Read more 20190213
UK tax year-end planning: offshore income gains
US taxpayers should be aware that non-US collective investments can be caught by punitive PFIC rules…
Read more 20190213
UK tax year-end planning: non-UK domicile rules
There is still time to see whether there are income tax or inheritance tax planning opportunities…
Read more 20190213
UK tax year-end planning: UK Inheritance Tax (IHT)
Planning with trusts to mitigate UK IHT can work effectively for a US taxpayer…
Read more 20190213
UK tax year-end planning: Entrepreneurs’ Relief
Sadly, there is no US equivalent to Entrepreneurs’ Relief for the sale of UK businesses, so a gain that is subject to…
Read more 20190213
UK tax year-end planning: planning for Income tax and Capital Gains tax
UK tax-advantaged investments rarely have any beneficial impact on the US liability but can be effective in reducing UK…
Read more 20190213
UK tax year-end planning: pension planning
UK pension planning can still often be effective at reducing the global tax rate in the short and longer term…
Read more 20190213
Investing in 2019: Endurance is key
What should your focus be in 2019 for your investment portfolio? …
Read more 20190117
Taking hold of Making Tax Digital
Good news: after many delays and false dawns, the age of digital tax appears to be upon us…
Read more 20190124
Stepping Stones: What Americans in the UK need to know about estate and inheritance tax planning
Martin Scullion from our Expatriate Services team show how he and his team can help with Estate and…
Read more 20190124
Have charities responded to the changing expectations?
In light of the heavily-publicised charity scandals of the last few years, Eddie Finch, a Partner in our Charity and…
Read more 20190124
Successfully scaling: The art of growing successfully
In 2018, Business Insider reported that the UK fintech sector received the most funding globally, already surpassing…
Read more 20190124
Knowing your worth: A mergers and acquisitions guide
While mega deals naturally make for bigger headlines, the smaller merger and acquisition (M&A) deals are often more…
Read more 20190124
“The Generation Games” – Succession Planning and Pensions
Wise pension planning can potentially be used to benefit multiple generations in a family…
Read more 20190124
End of an era: leading through change – interview with Amanda Francis
2018 brought a change of leadership for Buzzacott, former Managing Partner Amanda Francis shares her thoughts on eight…
Read more 20190125
The Inside View: Tech and HR in 2019
We sit down with Buzzacott’s specialist Tech team and HR Consultancy to get their thoughts on what 2019 might bring.…
Read more 20190125
Same Buzzacott, only smarter.
In September 2018, Buzzacott revealed their new brand and website, read about the thinking behind the change…
Read more 20190128
How can I better position my business for the next step?
Corporate Finance Manager, Anna-Louise Shipley shares her top tips entrepreneurial businesses…
Read more 20190129
4 February 2019
Zero rate certificates for charity buildings – a new policy?
Two recent cases regarding the issue of zero rate certificates for charity buildings have highlighted the danger of…
Read more 20190204
8 February 2019
Making Tax Digital Update - May 2019
HMRC has published an updated version of VAT Notice 700/22: Making Tax Digital for VAT. This includes updates on…
Read more 20190208
8 February 2019
HMRC update VAT guidance on Sponsorship
HMRC has published the updated Sponsorship VAT Notice 701/41. Paragraphs 1.1, 1.2, 2.1, 2.2, 4.3 have been amended to…
Read more 20190208
8 February 2019
Buzzacott wins at The Hedge Fund Journal Awards
Buzzacott honoured at The Hedge Fund Journal Awards for the third consecutive year…
Read more 20190208
Our thoughts: Has HMRC become an unstoppable beast?
The beast that is now HMRC is the most aggressive and powerful I've seen in my time…
Read more 20190211
FYRE Festival: How Due Diligence could have put out the FYRE
Being the accountants that we are, we couldn’t help but identify areas where our diligence work would have raised red…
Read more 20190214
Reassuring your employees through Brexit anxiety
On the 29 March 2019, just under three years since Britain chose to leave the European Union, the UK is expected to…
Read more 20190215
The importance of pre-employment background checking
Pre-employment background checking can highlight potential problems with a prospective employee prior to appointment.…
Read more 20190215
Final phase of auto-enrolment rates increases take effect soon
Final phase of auto-enrolment rates increases take effect soon…
Read more 20190218
Vouchers - VAT treatment changed
From 1 January 2019, changes were made to the VAT treatment of vouchers and your business could be affected. …
Read more 20190220
HMRC announce change to VAT treatment of deposits
If you receive deposits from your customers for goods or services you could be affected by HMRC’s recent…
Read more 20190220
Brexit - the impact of a no deal
At this stage we still don’t know how the UK’s relationship with the EU will look after Brexit. It has become clear…
Read more 20190220
Top tips for architects when claiming R&D tax credits
Architects often take high risks to develop building designs and this creativity and innovation is a perfect fit with…
Read more 20190718
It's more than 'Managing Millennials'
Guido Stein in his article for Forbes ‘Nine Tips For Managing Millennials’ anticipated that by 2025 millennials…
Read more 20190220
Looking to sell your business? Consider the art of value
The art of value is about determining both the financial and non-financial factors that affect the presentation of your…
Read more 20190904
Good housekeeping – tax year end planning
Checklist if you are making best use of available allowances…
Read more 20190306
An introduction to charity VAT - five things to take away
Take a look at the five main points from our recent charity VAT event…
Read more 20190313
Brexit - VAT and Financial Services
Read this article to hear more about recent updates for VAT as 29 March and Brexit looms ever closer…
Read more 20190313
Event overview: R&D tax credits for architects
It was a pleasure to host another breakfast roundtable last week for a group of London’s most inventive and…
Read more 20190314
Spring Statement 2019: VAT Perspective
The Spring Statement was light on details but it did continue the positive outlook from last year’s Budget and some…
Read more 20190314
20 March 2019
Buzzacott shortlisted; Tolley’s Taxation Awards 2019
We are pleased to announce that Buzzacott has been shortlisted for the ‘Best Tax Disputes/Investigations Team’ at…
Read more 20190320
22 March 2019
Buzzacott shortlisted in Citywealth Awards 2019
Buzzacott has been named as a finalist in the Citywealth Brand Management & Reputation Awards 2019 …
Read more 20190322
How tax incentives can help businesses improve cash flow
Across London, many businesses are hitting cash flow challenges they are unsure of how to tackle. Perhaps…
Read more 20190329
30 April 2019
Gift Aid updates April 2019 – What does this mean for charities?
Recent Gift Aid changes could mean big changes for your charity…
Read more 20190430
Record keeping for professional practices
See all your record keeping obligations for professional practices in one place…
Read more 20190430
Is now the right time for your business to raise finance?
Use our five key considerations as the framework to establish the position of your business and whether now is the…
Read more 20190605
Going digital and staying compliant: What charities need to know about online fundraising
Going digital and staying compliant: What charities need to know about online fundraising…
Read more 20190507
What to expat when you're expecting
5 top tips for first time parents of a US child – from an expatriate tax expert and proud father.…
Read more 20190510
Stepping Stones: What Americans need to know about trusts
Our latest Stepping Stone focuses on the tax issues that US beneficiaries face.…
Read more 20190520
14 May 2019
Annual reporting for employee share and share option plans
Deadline: Annual reporting for employee share and share option plans…
Read more 20190514
What impact will Brexit have on funding for tech businesses?
With a lot of uncertainty around Brexit, many tech businesses are understandably concerned that grants backed by the EU…
Read more 20190521
17 May 2019
Buzzacott wins at the Tolley’s Taxation Awards 2019
Our Tax Investigations and Dispute Resolutions team commended for technical expertise and empathetic approach at the…
Read more 20190517
The key to effective succession planning - key take aways
If you are a professional practice, these are the things you should definitely not overlook regarding succession…
Read more 20190501
R&D tax credits are not just for ‘tech’ firms
It seems like there is a tech for every sector these days. The question is who can claim outside of the tech bubble?…
Read more 20190528
29 May 2019
VAT Partial Exemption and Capital Goods Scheme - Simplification in future?
Could the admin headache for charities regarding partial exemption finally be over?…
Read more 20190529
29 May 2019
Domestic reverse charge on building and construction services
charities and construction services is a complex area, make sure you read this article for the latest update …
Read more 20190529
29 May 2019
Energy saving materials – change to availability of 5% VAT rate
Could this be the VAT relief housing associations and charities have been waiting for?…
Read more 20190529
29 May 2019
Interest charges remain on corrected VAT errors
Even the largest organisations can fall foul of VAT, find out how it happened to G4S…
Read more 20190529
Does my FCA-regulated firm need an audit?
Does my FCA-regulated firm need an audit?…
Read more 20190613
7 June 2019
Blood in the water – the suspension of the Woodford Equity Income and active management
Read our thoughts on active management and why it may not be the best way to invest…
Read more 20190607
What Woodford's failure could mean for the Growth Capital market
Neil Woodford is probably the UK's best-known fund manager and has a great track record, however a number of poor…
Read more 20190607
10 June 2019
Buzzacott's CSR report 2017-2018
Check out our latest report on all our CSR activity for 2017-18…
Read more 20190610
12 June 2019
The future of audit
See how the future of audit may shape up in the coming years.…
Read more 20190612
12 June 2019
Buzzacott recognised as one of the top private client accountancy firms
Find out why our Private Client team were recognised by eprivateclient.…
Read more 20190612
Stepping Stones: Brits moving to the US
In our latest Stepping Stone we turn our attention to Brits moving to the US…
Read more 20190704
14 June 2019
Tech investment: How to standout
Simon Wax shares his top 5 tips on how to stand out for tech investment…
Read more 20190614
20 June 2019
Buzzacott wins gold at the Citywealth Awards 2019
Read how our refreshed brand and challenge-focused website won Gold at the Citywealth Brand Management & Reputation Awar…
Read more 20190620
Which architectural projects are eligible for R&D tax credits?
As an architect, you may not know when you’re undertaking activities that are eligible for R&D tax credits. However,…
Read more 20190625
24 June 2019
Partial exemption in the cultural sector – a win against HMRC
In the case of Royal Opera House (ROH) the First Tier Tribunal has held that ROH’s production costs have a direct and…
Read more 20190624
24 June 2019
Nominal rent is not a business activity
Glasgow School of Art (GSA) incurred VAT on a major refurbishment project and sought to reclaim this VAT by exercising…
Read more 20190624
24 June 2019
Payroll services supplied by charities under ‘direct payments’ can be exempt from VAT
A charity has won a significant VAT case against HMRC concerning provision of payroll services to disabled persons. …
Read more 20190624
So you’ve successfully raised finance, what’s next?
As an entrepreneur, raising finance will be a significant goal in the high-growth phase of your business. However, once…
Read more 20190701
1 July 2019
Our thoughts: Boris Johnson’s proposed higher-rate tax cut
Boris may be flip-flopping on his higher-rate tax cut proposal but could it actually be a good idea…
Read more 20190701
Leadership succession
Leading a successful organisation is one thing, but preparing for a change in leadership can be where leaders fail.…
Read more 20190702
Utilising recruitment as a tool for employee engagement
With the recruitment industry growing and staff turnover high, how do you find the right people for your vacant roles?…
Read more 20190703
When does your organisation need HR support?
As soon as your employ someone in your business, people issues arise. Read more about the best way to tackle HR…
Read more 20190703
Are you aware of the new HMRC software guidelines?
Many businesses are investing in IT or software development and subsequently could be eligible to claim R&D tax credits.…
Read more 20190718
8 July 2019
University of Cambridge VAT case – a costly blow for Charities
In a decision likely to substantially increase costs of many charitable organisations, the CJEU has ruled that the…
Read more 20190708
15 July 2019
Our thoughts: Proposed changes to Inheritance tax
As with every tax change proposal, there will always be some good, some okay and some not so good news,…
Read more 20190715
Can your charity claim Gift Aid on membership subscriptions?
Claiming gift aid on membership subscriptions…
Read more 20190717
A United Approach podcast
A podcast for US expats. In this episode the focus is on buying real estate.…
Read more 20190715
25 July 2019
Securing your family’s financial future
However young and healthy you may be now, getting your own affairs in order now will spare your loved ones difficulties…
Read more 20190725
25 July 2019
Life policies after death – avoid this common pitfall
Don't end up with this potentially large tax liability…
Read more 20190725
25 July 2019
HMRC phone scams are on the rise – how to protect yourself
Phone scams are more sophisticated than ever, be prepared with these simple tips…
Read more 20190725
25 July 2019
Decrypting cryptocurrencies – the tax implications to consider
If you're looking at cryptocurrencies, don't get caught out on tax…
Read more 20190725
25 July 2019
Making Tax Digital update - what this means for the tax return
The tax return has flown under the radar under MTD, but what does the future hold?…
Read more 20190725
Planning for your future and the succession of your business
Succession planning can sometimes feel like trying to exit Bank Underground station…
Read more 20190807
6 August 2019
Thinking about selling your home?
Are you considering selling a residential property that has been your previous home? …
Read more 20190806
Questions to ask when choosing your R&D tax credits adviser
Have you ever Googled ‘R&D’ and felt lost browsing through the endless list of advisers? …
Read more 20190909
Academies Financial Handbook 2019 – What you need to know
Here are the vital changes all Trusts have to be up to speed on before the 1 September 2019…
Read more 20190812
13 August 2019
Charity tax statistics for 2018/19 published by HMRC
How will the charity sector respond to these interesting statistics?…
Read more 20190813
14 August 2019
Buzzacott shortlisted in the Citywealth Awards
Buzzacott has been shortlisted at both the Citywealth Powerwomen Awards 2020 and also the Future Leaders Awards 2019…
Read more 20190814
Investing: Accumulation not speculation
Active funds do not always add value in the long term or during volatile market conditions. Still not convinced? …
Read more 20190815
15 August 2019
Has there really been a significant fall in UK non-doms?
Earlier this week stories about ‘non-doms’ fleeing the UK, over fears about Brexit and a change of leadership flood…
Read more 20190815
Retail Gift Aid – How it works
See if you are set up perfectly to benefit from Retail Gift Aid. No? Here's how to get it right…
Read more 20190819
Gift Aid Small Donations Scheme for academies and MATs – worth £2,000 per school per year?
Gift Aid Small Donations Scheme for academies and MATs – worth £2,000 per school per year?…
Read more 20190702
VAT and solicitors services – Common pitfalls to avoid
Disbursements, place of supply and recharges, here's why you should know the difference. …
Read more 20190903
9 September 2019
Delay to the implementation of the reverse charge for construction services announced
The introduction of the reverse charge has been delayed until 1 October 2020. …
Read more 20190909
Embedding policies in charities part two: Could it happen to us?
See the questions to think about when embedding policies, see if you can answer these questions about your own charity…
Read more 20190910
24 September 2019
BBC presenters under the spotlight – HMRC wins IR35 appeal
See how three BBC presenters lost their IR35 case…
Read more 20190924
New tax reporting reliefs for expatriating US citizens
The IRS has announced a new procedure specifically for US citizens who have, or intend to, expatriate and give up their…
Read more 20190924
GDPR: One year on
Have you got all the right processes in place yet?…
Read more 20190925
The Good Work Plan: The largest upgrade in a generation to workplace rights
Employers are now required to provide payslips with an itemised breakdown…
Read more 20190925
Get ready for April 2020, review your annual leave policy
Find out more about what you should put in place around annual leave entitlements…
Read more 20190925
Appraising staff appraisals
Appraisals are an incredibly important part of employee capability and performance management. Are you using the right…
Read more 20190925
Stepping Stones: What do Americans in the UK need to know about marriage and tax?
When thinking about marriage, tax probably won't be one of the first things that spring to mind…
Read more 20191016
Dealing with an approach
Often our first dealings with a business is when they have been approached by a prospective purchaser. Here, we…
Read more 20191018
31 October 2019
Time to start thinking about your Tax Return
Take a look at the key dates you'll need for your diary when it comes to your 18/19 tax return…
Read more 20191031
Commonly missed activity in architects' R&D tax credit claims
Most architects work collaboratively with other professionals to achieve common goals that go beyond aesthetic…
Read more 20191025
7 November 2019
Is it time to invest in your cyber health?
Is it time to invest in your cyber health?…
Read more 20191107
31 October 2019
Gift Aid – How giving to charity can reduce your tax bill
Reduce your tax bill AND contribute to charity, a win-win for all …
Read more 20191031
Lasting power of attorney vs. executors - avoid the ‘Chicken and Egg’ situation
there is a key difference here which can cause a financial issue, read on to see how to avoid it…
Read more 20191029
What to do when someone dies – your financial obligations
Take a look at some of the immediate financial obligations with this step-by-step guide…
Read more 20191029
30 October 2019
Additional conditions for Entrepreneurs’ Relief – ensure you still qualify
Read this important note regarding the criteria to qualify…
Read more 20191030
How to claim R&D tax credits before your first tax return
Initiatives like Advance Assurance are there to help ease the process of claiming R&D tax credits for new businesses. …
Read more 20191104
2019 US tax year end planning
As we approach the end of 2019, we look at some of this year's key US tax changes, as well as some important year-end…
Read more 20191113
2019 US tax year end planning: Utilising unused 2019 allowances or deferring income to 2020
Depending on the individuals tax brackets, the tax rates on long term Capital Gains and qualified dividends ranges from…
Read more 20191113
2019 US tax year end planning: Estate & gift tax
For an estate of a US citizen or domicile who makes taxable gifts or passes away in calendar year 2019, the basic…
Read more 20191113
2019 US tax year end planning: US pensions
Taxpayers holding traditional IRAs or 401(k) plan continue to be able to convert them to a Roth IRA. …
Read more 20191113
2019 US tax year end planning: Mortgage redemptions
Beware of a potential tax trap for those US taxpayers who have a non-US (i.e. UK) mortgage and are about to sell their…
Read more 20191113
2019 US tax year end planning: UK tax payments timed before or after 31 December 2019
It is important that individuals who pay UK tax on their worldwide income (and who are on the ‘paid’ basis of accoun…
Read more 20191113
2019 US tax year end planning: Residency
If you are considering a move to a new country it is important that tax advice is taken well ahead of the move to allow…
Read more 20191113
2019 US tax year end planning: Key deadlines
There are other upcoming deadlines that you may need to be aware of, but here are some of the key US and UK tax…
Read more 20191113
How academies can harness leadership for growth
How shared values and alignment of communications can help Academies…
Read more 20191106
Changes to the Directors’ report and Strategic report
This legislation has new requirements for disclosures in the Directors’ report and Strategic report for some…
Read more 20191107
7 November 2019
Visual Data Media Services Acquires MX1 UK Limited
We'd like to congratulate Visual Data Media Service on its recent acquisition of a London content services firm MX1…
Read more 20191107
11 November 2019
Changes to VAT Group Registration
Up to now only corporate bodies were able to form a VAT group (mainly companies and LLPs). From 1 November VAT grouping…
Read more 20191111
11 November 2019
HMRC announces a 1-year soft-landing period for MTD
To help businesses meet their ‘digital link‘ requirements HMRC has allowed a 1-year soft-landing period from the…
Read more 20191111
13 November 2019
HMRC compliance crackdown
Are you aware of the latest HMRC Compliance Crackdown on offshore trusts and UK residential property?…
Read more 20191113
Is lack of knowledge a reasonable excuse for failing to correct offshore non-compliance?
We explore whether not knowing about the RTC deadline is a reasonable excuse for not correcting offshore non-compliance…
Read more 20191114
14 November 2019
How will HMRC’s change of approach impact tax avoidance penalties?
Here, our Tax Investigations team summarise how this change could impact future disputes and tax avoidance cases.…
Read more 20191114
What is it really like to be under an HMRC Tax Investigation?
Hear the experiences of clients who had sought assistance with HMRC investigations from Buzzacott.…
Read more 20191114
14 November 2019
Case study: HMRC accepts undeclared overseas benefits disclosure within two weeks
Find out how we demonstrated that undeclared benefits received from overseas company for our client did not warrant the…
Read more 20191114