Building resilience: how to get your business through tough times
Clayton & Brewill offers practical help for businesses on how to weather the storm in times of crisis. We explain how adapting now could build resilience for the longer term and highlight key areas where the tax system offers potential leverage. They say every business hits a crisis sooner or later. Add together a combination […]
Essential employer update 2023
Key takeaways from the Autumn Statement 2022
From tax increases to tighter public spending, Chancellor Jeremy Hunt has unveiled his plan for the UK to “weather the economic storm” in his Autumn Statement. The chancellor outlined the government’s medium term fiscal plan to put public spending on a sustainable footing, get debt falling and restore stability. He began by acknowledging that the […]
What tax relief does the Enterprise Investment Scheme offer?
The Enterprise Investment Scheme (EIS) is one of four venture capital schemes designed to allow certain types of small, higher-risk, unquoted trading companies to raise capital. Here, Clayton & Brewill provides an overview of what the scheme offers. What does the Enterprise Investment Scheme offer? The EIS offers several forms of relief. Chargeable gains on […]
Which mini-budget tax cuts have been reversed?
Having been appointed as chancellor last week following Kwasi Kwarteng’s resignation, Jeremy Hunt has dismantled many of the policies announced in the former chancellor’s September mini budget in a major U-turn for Liz Truss’s government. The new chancellor, who brought forward his fiscal statement by two weeks in a bid to stabilise financial markets, made […]
Mini budget 2022: the chancellor unveils plan for growth
From income tax to stamp duty and national insurance, Kwasi Kwarteng’s first announcement as chancellor proved to be far from the ‘mini’ budget that had been expected. Clayton & Brewill provides an overview of the mini budget 2022 and what it means for businesses. UPDATE 17th October 2022: please read our update to this article […]
Diversification and VAT: tax implications for farming businesses
Farm diversification is becoming increasingly popular as a means of generating new income, but it is important for farmers to consider the full tax implications that any new enterprise could have on their farming business. Nottingham chartered accountants Clayton & Brewill explain how diversification can affect your VAT liability. In years gone by, the vast […]
Claiming capital allowances
Getting tax relief on a claim for capital allowances is not always plain sailing. This was recently highlighted at a tax tribunal, where a taxpayer faced the possibility of forfeiting tax relief on 80% of his expenditure. Nottingham chartered accountants Clayton & Brewill explains more about this particular case and the recent changes around capital […]
Tax tips for farming businesses
With the end of the EU Common Agricultural Policy in the UK imminent, the farming industry has big change on the horizon. Nottingham chartered accountants Clayton & Brewill provides advice on reviewing your business in light of the changes, as well as providing some tax tips for farming businesses to consider when conducting this review. […]
Six tips for farmers and rural businesses
Clayton & Brewill’s farm accountancy specialists share six tips to help farmers pay less tax and manage their accounts effectively. Despite the difficult weather over the past three years, farming has generally survived the recent recession well, proving to be one of just a handful of industries to deliver ongoing growth. Against the backdrop of […]