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May 20 2024

IR35 – ‘Off Payroll Working’

Categories: Property & Construction

A significant number of construction businesses operate via a personal service company (PSC) (or other intermediary). Under the current off-payroll working rules (IR35) rules, as mentioned in our previous article, the responsibility is potentially on the end client or agency  to assess the employee status of PSCs to determine if they have to pay income more

Apr 18 2024

Salaried Partners – Changes to HMRC guidance

Categories: EQ AccountingProfessionsTaxation

In November we reminded you about the tax treatment of salaried partners following the case of Bluecrest Capital Management (UK) LLP v HMRC. Following that case HMRC have updated their published guidance. As a recap, rules came into force back in 2014 deeming certain members of a Limited Liability Partnership (LLP) as employees if the more

Mar 27 2024

Future tax changes affecting GPs 

Categories: HealthcareTaxation

In the age of tighter margin, Scottish GP practices should make sure they are reviewing the partner current accounts regularly and project into the future to ensure they remain positive. This will be even more crucial with the basis period changes for tax as well as the normal retirement and changes in partners.   Going forward, more

Mar 27 2024

A short-term win for GP parents 

Categories: HealthcareTaxation

Where many GP’s income is above £60,000 and they therefore have not claimed child benefit or stopped payments, it may be time to re-start them.  The chancellor announced in his budget recently that the threshold will increase to £60,000 for any claw back and the tapering will increase to £80,000. This means that as long more

Feb 14 2024

Is your FHL business exceeding the VAT threshold?

Categories: LeisureTaxation

It is crucial to ensure that your business is VAT registered once it breaches the VAT threshold of £85,000. The threshold should be monitored on a rolling 12-month period, and many business operators do not realise this. The supply of FHL accommodation is a standard rated supply with VAT chargeable at 20%. This can have more

Jan 31 2024

Christie & Co’s Business Outlook 2024

Categories: Healthcare

Specialist business property adviser, Christie & Co, has released its Business Outlook 2024 report, an annual report that looks at the year ahead and gives an overview of the previous year for a number of sectors, including healthcare. Head of EQ Healthcare, Louise Grant, commented; “The Business Outlook report gives an encouraging overview for the more