It is no longer uncommon to see solicitors operating as either a limited company or an LLP, but choosing the right vehicle for a practice is not a straight forward matter; there are a range of important factors to consider to ensure you get it right.
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Latest News & Events
5,400 estates investigated by HMRC for underpayment of IHT in the last year
HMRC is treating Inheritance Tax as an increasingly lucrative source of income. Rising asset prices such as property means that the amount of IHT at stake can be very substantial.
Businesses and consumers hit by £6bn in Insurance Premium Tax following rate hike – up 22% in a year
The Government’s income from Insurance Premium Tax increased to £6bn in 2017/18*, up 22% on £4.88bn collected the previous year – a far bigger impact on businesses and consumers than had been predicted by the Government, our research shows.
HMRC yield from investigations into ‘sin taxes’ on alcohol and cigarettes more than doubles in a year to £2.6bn
The additional revenue collected from HMRC’s investigations into the underpayment of ‘sin taxes’ on alcohol and cigarettes has more than doubled in a year to £2.6bn in 2017/18, up from £1.25bn the previous year.
VAT questions our legal and professional clients ask us
There are a number of common questions our legal and professional clients ask us regarding VAT and, in this fact sheet, we have provided the answers to some of these questions.
Amateur Guidance for Amateur Sports Clubs
14 May 2015
Following publication of our blog ‘community amateur sports clubbed’ we contacted our local MP and asked that he pass on our disquiet about the absence of any written promise of a waiver from deregistration charges to HMRC.
Our round up of the latest tax changes affecting solicitors
17 April 2015
Our summary of the the items in the recent Finance Bill, which appear to have more significance for solicitors with regards to both your professional and personal life.