Off-payroll reforms into review
Following months of disquiet, the government has announced a review of the extension of the off-payroll taxation rules into the private sector. But it may be too late to prevent implementation. The rules, known as IR35, are intended to tighten non-compliance with off-payroll working regulations by shifting responsibility for determining the tax status of contractors […]
Don’t get caught short – the cost of paying tax in arrears
Nearly 700,000 individuals and firms have entered into tax payment plans after getting into arrears on their tax payments. Research from UHY Hacker Young, backed up by HMRC data, showed that by the end of 2018/19 well over half a million companies and individuals were on ‘time to pay’ arrangements. The major factors cited for […]
What price tax reliefs?
When you look at your annual tax statement, have you ever wondered about the overall cost of the tax reliefs you enjoy? HMRC has published its latest annual assessment of the cost of various tax reliefs, and there are some eye-opening numbers. If you were the Chancellor of the Exchequer, looking for a way to […]
Are you missing out on R&D credits?
A significant rise in the number of research and development (R&D) tax credit claims among SME firms highlights how useful the credits can be for business development. But many older firms are not taking advantage of their potential. R&D reliefs are among the most generous tax breaks for UK businesses. The latest figures from HMRC […]
Is it time to scrap entrepreneurs’ relief?
Does tax relief really help encourage business investment? As the political parties gear up for their election manifestos and tax and spending plans, recent research highlights not just the cost of entrepreneurs’ relief to the government, but also questions its effectiveness in promoting business growth. The report from the Institute for Fiscal Studies (IFS), published […]
Probate fee increases abandoned
The planned reform of probate fees in England and Wales has been scrapped. A year ago the government tabled proposals to increase the level of probate fees in England and Wales. The idea was to move from the current single fee approach (£155 via a solicitor, £215 otherwise) to a sliding scale, based on estate […]
Rent A Room Mortgages
Just imagine the scenario, you are an individual who wants to get on the property ladder and you’ve found your ideal home, but your income just isn’t going to be enough to get the mortgage you need. At Ward Goodman Financial Services, we may just have a solution to help you on that first step […]
Ian Rodd Speaks At Dorset Leader Conference
Ward Goodman, Dorset’s leading independent chartered accountants, auditors and financial advisors, were delighted to be invited to speak at the recent Dorset LEADER programme at Kingston Maurward College in Dorchester. The Dorset LEADER is a unique European funding programme, where local people make decisions about what and where rural funding would make the greatest difference. […]
Ward Goodman celebrates the best of the region’s businesses
Ward Goodman Directors and guests joined business people from across the region for the Blackmore Vale Business Awards 2019. As headline sponsor, Ward Goodman’s Managing Director Ian Rodd gave a warm welcome to over 200 guests at the George Albert Hotel and Spa near Dorchester, before getting the party started by handing out bottles of […]
Who are the top 1% of income tax payers?
A recent report looking at who pays the most income tax reveals some interesting findings. The Institute for Fiscal Studies (IFS) published a briefing note in early August with a detailed answer to the question of what it takes to enter the 1% club. Around 310,000 people make up this cohort, with some predictable and […]
