Top Tips for practice owners

As a practice owner, you will have to consider the sale of your practice at some point in the future.  I have outlined some of the key things to consider in advance of a sale that will assist in maximising the value of your practice and make the process as smooth as possible.

Are you a British Expat facing Brexit in Portugal?…actions to consider pre 29th March

There is no one who can provide certainty of what will happen as Brexit approaches, and entire EU Expat communities are among those who wait with baited breath as we head towards 29th March.

Taxpayers pushed to ‘certify’ offshore income

HMRC has recently sent tens of thousands of letters to UK taxpayers, stating that they have information regarding their offshore income or gains. This is a result of recent information exchange agreements with more than 100 countries over the past 2 years, and includes data sourced from financial institutions in countries once regarded as tax havens. The letters originate from the Risk and Intelligence Service Offshore department, who ask individuals to disclose to them any additional liabilities, or to state whether there are none.

An Uncommon Understanding

Why not “A Common Understanding”?  Well, because when it comes to cost sharing, a common understanding is all too rare.

Payrolling Benefits – Are you still to join the monthly process?

We are now coming to the end of the 3rd full tax year of operating the Payrolling Benefits scheme since its introduction by HMRC back in April 2016. This scheme brought flexibility to employers in reporting employee benefits by providing an option to process them through payroll on a real time basis rather than submitting P11D forms in July after the end of the tax year.

Brexit – The International Tax Implications

The continued ambiguity surrounding Brexit is an issue that is affecting many different businesses in a variety of different ways, and the international tax implications of Brexit should also be considered.

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