Buzzacott

The Office of National Statistics (ONS) recorded a significant decrease in R&D claims across 2022/23. The recently released statistics could suggest that eligible companies are losing confidence in HMRC’s tax credit incentive scheme. In our latest insight on the topic, Iain Butler, R&D Director, unravels the details of the statistics and provides his view on what companies, and the government, should consider doing next to increase trust in the scheme and ensure that it remains competitive: https://lnkd.in/eamRp3BT #RandD #tax #HMRC #taxcredit

George Thresh, Associate Director in our Transaction Services team, will be joining this panel on 27 November to discuss pre- and post-acquisition issues for ETA professionals. The event is invite only and only has a handful of places remaining so please do register interest to avoid missing out!

Earlier this week, Rakesh Dabasia attended the Spear’s Awards at the iconic Raffles at The OWO, to celebrate Neal Lees's nomination for Accountant of the Year. It was a wonderful evening celebrating excellence in the #PrivateClient industry. Congratulations to all the nominees and the winners!

The landscape for non-UK-domiciled individuals has significantly changed with the Chancellor confirming the shift towards a residence-based tax regime in her Autumn Budget. In this insight, Neal Lees, Director in our Private Client team, and Alex Porteous, Partner in our Expatriate Tax Services team, offer advice on the key challenges and opportunities presented by this change: https://ow.ly/jIZ350UbEXX

With the new VAT on school fees legislation coming into effect on 1 January 2025, our upcoming training seminar will provide essential guidance for school administrators, bursars, finance officers, and accountants. We'll cover VAT basics, new legislation insights, as well as practical applications like VAT record-keeping, partial exemption calculations, and VAT recovery on expenses. CPD evidence will be provided upon completion of the course. Learn more and register here: https://ow.ly/MFwA50UaTHE

Rachel Reeves' Budget included several key announcements about Inheritance Tax (IHT), but what do these changes mean for you? Richard Pott, Senior Manager in our Private Client team, breaks down the updates to the IHT rate and their impact on pensions, business and agricultural relief, and UK returning non-domiciled individuals. 🔗 Read more: https://ow.ly/lkvt50U9KUr

The Autumn Budget confirms a shift to a residence-based tax regime, significantly changing how offshore trusts are taxed in the UK. Daniel Iles, Manager in our Private Client team, and Martin Scullion, Partner in our Expatriate Tax team, assess the potential impacts on trustees, settlors, and beneficiaries ahead of the abolition of the non-domicile regime on 6 April 2025. 🔗 Read more: https://ow.ly/g4tt50U9KO3

This International Men’s Day, we’re highlighting honest conversations about men’s mental health. Some of our colleagues have shared their experiences with the pressures of societal expectations and finding support and balance. Read more: https://ow.ly/9psE50U9KZJ #InternationalMensDay #MentalHealth

The UK's current high-interest rate environment has likely contributed to an increase in impairment indicators for many businesses. In this article, David Stears outlines key risks and factors to look out for when performing impairment tests: https://ow.ly/AEsT50U377E

Congratulations to Bethany Wyatt, Manager in our Private Client team, on receiving the Silver Award in the Accountant of the Year – Associate category at Citywealth's Future Leaders Awards! This award celebrates the exceptional contributions of wealth management professionals under 40, recognising those who exemplify ambition, leadership, and outstanding communication skills. Bethany’s dedication and expertise make her truly deserving of this award. View the full results here: https://ow.ly/t1jC50U7LLc