Starting a business in the UK comes with various tax considerations and responsibilities that must be addressed within the first 100 days to ensure compliance and avoid penalties. Our guide helps you plan for this critical period – essential for setting up tax structures correctly, managing financial records, and understanding obligations to HMRC.
Welcome to the latest edition of our business newsletter Journal Entry, introduced by Managing Partner Alan Mitchell. Following recent changes in leadership in the UK and US, and the political theatrics that have followed, the theme of this edition is ‘100 Days’.
The proposed reforms to Agricultural Property Relief (“APR”) and Business Property Relief (“BPR”) will, if implemented, prompt considerably different succession plans. Read more about the APR changes and what needs to be considered.
In the latest edition of the SMTA magazine Scots AUTOSCENE, we cover significant changes announced at the 2024 Autumn Budget affecting Business Property Relief (BPR) for IHT purposes that will impact on a large number of trading businesses in many sectors including the motor industry.
With the tax year-end of 5th April fast approaching, our Thomson Cooper year-end tax planning guide is now available. The guide provides insights and summaries of the primary tax reliefs and allowances applicable for the remaining months of 2024/25.
Welcome to the latest edition of our business newsletter Journal Entry. This edition is introduced by Managing Partner Alan Mitchell and provides an update from the Budget, the latest tax planning challenges and invoicing upgrade information affecting QuickBooks and Xero.