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Some small company owners bring in adult children to take over the day to day running of the business as they approach retirement. There are…

Employee loans are an area where businesses often get confused. The first thing many owners will think of is the temporary corporation tax charge under…

Suppose that a business has been paying its suppliers’ invoices for many years without really giving too much thought to the VAT being applied. The…

Late tax returns On 7 January, HMRC announced that there would be no automatic late filing penalties provided that tax returns are filed by midnight…

“I joined Townends in 2019 from another accountancy practice.  I wanted to move somewhere that would give me more opportunities for training and career progression.…

Working from home was slowly becoming more common before the Covid-19 pandemic; however, the various lockdown restrictions meant that it increased exponentially in 2020 and…

The Omicron variant of Covid-19 saw new guidelines issued by the government in December. However, at the time of writing no lockdown, circuit breaker or…

Capital Gains Tax Reform A number of suggested reforms to Capital Gains Tax have been accepted by the government. In May 2021, the Office of…

Making gifts of value during an individual’s lifetime is a tried and trusted way of reducing the exposure to IHT. Many people are aware of…