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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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.…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay What five key points should be taken away from our latest ‘Evening with HMRC’ event?
Our latest Tax Investigations and Dispute Resolution event provided attendees with an exclusive insight into HMRC's…
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Gradient overlay Gradient overlay Buzzacott win '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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay Spring Statement 2018: Tech
The Spring Statement reconfirmed the government’s commitment to the technology sector, and there are some measures…
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Gradient overlay Gradient overlay Spring Statement 2018: Individuals
The Spring Statement 2018 was designed to report on the progress of the economy. However, there were some consultations…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay Change to VAT treatment of pension fund management charges
HMRC has now published its Revenue & Customs Brief (RCB) 03/17.…
Read more 20171017
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay Which HR systems can really transform your organisation?
Investing in HR technology can transform your organisation, allowing you to anticipate the future and nurture a high…
Read more 20180729
Gradient overlay Gradient overlay Sexual Harassment! Protect your employees!
Workplace sexual harassment claims are making headlines at a disturbing rate, highlighting the need for employers…
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Gradient overlay Gradient overlay 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? What can businesses do to overcome…
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Gradient overlay Gradient overlay 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 they had failed to…
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Gradient overlay Gradient overlay 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 and…
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Gradient overlay Gradient overlay Don't walk away from difficult partners
Difficult partners come in many guises and present numerous risks to a firm. If not dealt with effectively the risks…
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Gradient overlay Gradient overlay 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, which makes…
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Gradient overlay Gradient overlay How to avoid people-problem landmines
No matter what the situation is or who is involved, conflict of any kind can easily become damaging…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay Mastering tronc
There are some 150,000 businesses in the UK where tipping is common, but the practice is far from transparent…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay Best practice examples of auto-enrolment
As part of the research conducted by Buzzacott, in partnership with Meridian West, we gathered views…
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Gradient overlay Gradient overlay Is your investment portfolio performing?
2016 may have been contentious in the world of politics but it was a good year for stock markets…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay R&D Tax credits for architectural practices – what should you know?
Most architectural practices will have heard about R&D tax credits but…
Read more 20180831
Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay Two key parties have the power to shut down your business
They are the bank and the taxman.…
Read more 20180831
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay Why have an audit?
An audit provides a high level of assurance for a company…
Read more 20180730
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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.…
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Gradient overlay Gradient overlay Tax case: Taxpayer's error - careless NOT deliberate
HMRC can make mistakes; this article shows why taxpayers should consider challenging HMRC assumptions…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay PrimeGlobal facts and figures
PrimeGlobal is one of the largest associations of independent accounting firms in the world…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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.…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay Top tips for expatriate payroll reporting obligations
Using real-life scenarios here we share our top tips to consider when setting up payroll…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay Post-Brexit Britain
The UK’s departure from the European Union will have significant short-, medium- and long-term impacts. Here, we…
Read more 20180501
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay Stepping Stones: US citizens setting up a UK business
If you are a US citizen looking to set up a UK company, due to the complex cross-border tax legislation…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay The exchange factor
In the light of recent shocks in global politics, we have been busy reviewing changes…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay How does a trust become a US problem?
Global mobility is on the increase with more and more organisations moving towards globally…
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Gradient overlay Gradient overlay Britain in Hong Kong Magazine: A UK tax deadline not to be missed
One of the most important deadlines of recent note…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay Another branch of the Private Client team
Further to our exploration last quarter of the trust services offered by the Private Client team…
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Gradient overlay Gradient overlay HMRC's liberal use of penalties checked
HMRC are becoming increasingly aggressive in the issuing and pursuit of penalties…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay Exposing the 60% income tax rate
Although it is commonly thought that the highest UK Income Tax rate is 45%…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay Private Client Quarterly Tax Digest - Spring 2018
Welcome to the Spring edition of the Private Client team's quarterly…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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,…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay Tax efficient giving
This Charity Tax brief explains how you can make the most from the donations that you receive. …
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Gradient overlay Gradient overlay 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,…
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Gradient overlay Gradient overlay Academies – common tax pitfalls, risks and opportunities
Academies are largely subject to the same tax requirements and issues as any incorporated charity. In our experience…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay The lifecycle of a global assignment
Global mobility is on the increase with more and more organisations moving towards globally integrated operation models…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 29 August 2018
Our clients are what make our job interesting
Going and staying…Scott Barber…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 23 August 2018
Four funding lessons from the founding of Facebook
Four funding lessons from the founding of Facebook…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay 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…
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Gradient overlay Gradient overlay An Entrepreneurs' Story
Buzzacott’s Matthew Katz and Philip Walters caught up with Frank Murphy to talk about his experience of selling BTC…
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Gradient overlay Gradient overlay 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
Gradient overlay Gradient overlay 6 September 2017
Risky business – accounting for dilapidations
Risky business – accounting for dilapidations…
Read more 20170906
Gradient overlay Gradient overlay 6 August 2018
The Basics of US Estate and UK Inheritance Tax
The Basics of US Estate and UK Inheritance Tax…
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Gradient overlay Gradient overlay 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?”…
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Gradient overlay Gradient overlay 6 August 2018
What is a micro-entity?
What is a micro-entity?…
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Gradient overlay Gradient overlay What is 'high performance working'?
Ultimately, ‘high performance working’ (HPW) is about creating a culture where there is transparency, trust and…
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Gradient overlay Gradient overlay 6 September 2015
Summer Budget 2015: Simplification of consortium relief rules
Summer Budget 2015: Simplification of consortium relief rules…
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Gradient overlay Gradient overlay 6 September 2017
Non-wasting chattels
Non-wasting chattels…
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Gradient overlay Gradient overlay 6 September 2017
Agent or principal? - The importance of contracts
Agent or principal? - The importance of contracts…
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Gradient overlay Gradient overlay Key performance indicators (KPIs) for architecture practices
Key performance indicators (KPIs) for architecture practices…
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Gradient overlay Gradient overlay The data security issues facing membership organisations
Membership organisations hold personal data on their systems that must be protected. …
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Gradient overlay Gradient overlay About to become an Equity Partner? Find out what you need to do next
This article will explore some of the financial issues potential new equity partners should think about before signing…
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Gradient overlay Gradient overlay 6 August 2018
What HR issues will you need to tackle in 2018?
What HR issues will you need to tackle in 2018?…
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Gradient overlay Gradient overlay 2 July 2018
Top 10 tips for buying out shareholders
Top 10 tips for buying out shareholders…
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Gradient overlay Gradient overlay 6 September 2017
Insurance, Compensation and Capital Gains Tax
Insurance, Compensation and Capital Gains Tax…
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Gradient overlay Gradient overlay 6 September 2017
How to account for VAT on counsel's fees.
How to account for VAT on counsel's fees.…
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Gradient overlay Gradient overlay 12 September 2018
Breaking free from traditional VC funding – and here’s how
where do you look when VC funding isn’t for you?…
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Gradient overlay Gradient overlay 2 July 2018
Kids Company - The lessons no trustee can afford to ignore
Kids Company - The lessons no trustee can afford to ignore…
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Gradient overlay Gradient overlay 14 September 2018
A simple move for happy hospitality staff
A simple move for happy hospitality staff…
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Gradient overlay Gradient overlay 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