Blog
Basis Period Reform Webinar 2023
In this Webinar the Ellacotts team discuss: Changes to basis periods for Income Tax purposes, who is affected by the changes, the transitional year and find out how you can prepare by planning ahead.
If you have any questions or would like to discuss the webinar in more detail, please contact us.
Biodiversity Net Gain
Biodiversity net gain (BNG) is a way to contribute to the recovery of nature while developing land. It is making sure the habitat for wildlife is in a better state than it was before development.
Companies House gets major new powers
The Economic Crime and Corporate Transparency Bill, currently going through parliament, impacts company directors, secretaries, and people with significant control.
Short-term property let: does HMRC need to know?
Many websites urge property owners to start earning from their home or spare room – but what they don’t always mention is that HMRC may want a piece of the action.
How can employees find their National Insurance number?
What if your new employee doesn’t have a National Insurance number yet and how can they find it if they’ve forgotten it?
Private Residence Relief – potentially costly traps for those with more than one home
Tom May considers the complications multiple properties and periods away can bring and the impact on Private Residential Relief.
Pre year end tax planning 2023 Webinar
Tuesday 28 February 2023 – 12.30 pm – 1.00 pm
The UK tax year ends on 5 April 2023, so March can provide a good opportunity to consider your finances and potentially save tax with careful end-of-year tax planning.
Can I claim Gift Aid by donating Christmas presents?
If you receive unwanted Christmas presents this year, can you save some tax by donating them to charity and claiming Gift Aid?
How can the Taxman oil your machinery purchase
Purchasing machinery is a huge financial commitment and when timed right can be extremely tax efficient. In years where there has been a good harvest, re-investing some of that profit into new plant and machinery before the end of the year is one of the best tools to reduce your tax liability.
Positives and pitfalls of PPR
Principal Private Residence Relief (PPR) is a relief that enables homeowners to sell their homes without having to pay capital gains tax (CGT). However, in order to claim the relief, the property must be the main residence of the person selling the property.
Tax Free Gifting Webinar
In this webinar, the Ellacotts team explain how you can reward your staff this Christmas without incurring any tax or National Insurance liabilities.
The UK subsidiary audit exemption for EEA Parents
Are you impacted by the recent Brexit changes to the parent company guarantee audit exemption?
For period’s commencing on or after 1 January 2021, UK subsidiaries of a parent company registered in the European Economic Area (‘EEA’), will no longer be able to take advantage of the parent company guarantee to exempt the UK subsidiary from an audit.
Education costs and how grandparents could help
With the start of the new school year fast approaching, and for those who have chosen a private education for their children, the significant costs involved can be a great expense for many people.
‘What is the difference between Domicile and Residence?’
Many tax advisors are frequently asked and understanding the differences between the two concepts.
Summary of the taxation treatment of commercial vehicles
We have put together a summary of the tax treatment of commercial vehicles below.What is classified as a commercial vehicle? A commercial vehicle is classed as one which: Its main purpose is to transport goods/materials or paying passengers. Has a payload of more than...
Self Employed Income Support Scheme (SEISS) for the farming community
Many businesses were impacted by the Coronavirus (COVID-19) pandemic and as a result, claimed the Self-employment Income Support Scheme (SEISS) grant offered by the Government.
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Our accreditations
We are proud to be recognised as a Top 100 Accountancy firm in the Accountancy Age 2023 survey. We are longstanding and active UK200Group members, and affiliate members of AGN, an international association of accountants. We have One Star Best Companies status, reflecting our commitment to being a great workplace. As a Xero Platinum Partner, we are dedicated to supporting our clients in online accounting.
Banbury
Countrywide House
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Banbury
Oxfordshire
OX16 9SA
T: +44 (0)1295 250401
Birmingham
Kettering
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Kettering Venture Park
Kettering
Northamptonshire
NN15 6XR
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