30 May

Contractor Loan Schemes and Accelerated Payment Notices

As the HMRC issue the first tranche of Accelerated Payment Notices (APNs) to individuals who have operated under offshore Contractor Loan schemes, we are taking stock of the current position. Firstly, if you receive an APN, there is no right of appeal or to postpone the payment which is due within ninety days unless there […]

3 May

The Business Owner and a Company Pension

As more and more individuals in the UK opt to work for themselves under the protection of a Limited Company, a frequent question is can the company provide a pension scheme? The short answer is yes where the shareholder/Director is also an employee of the business. Company contributions into the pension scheme are an allowable […]

20 April

Limited Companies and Tax Relief on Charitable Giving

In the past, donations to charity were not seen as a valid business expense by a Limited Company and, as a result, were not allowable for tax relief. In recent times, to encourage an altruistic spirit, the rules have been liberalised. As a result, a Limited Company now pays less Corporation Tax when it gives […]

19 April

Who Needs to Complete a 2014-15 Tax Return?

In the UK, we are in the fortunate position where most people earning a PAYE salary or wage or receiving a pension do not need to complete a tax return. However each year, as working and lifestyle patterns change, the number of tax returns increases. More than 10,000,000 were filed for the 2013-14 tax year. […]

16 April

CooperFaure Team News

Posted by in News Alerts, Staff

We are delighted to announce that Freddie Faure has been awarded a Fellowship by the ACCA in recognition of her continuous commitment to professional development in the five years since qualifying with the Association of Chartered Certified Accountants. In addition, we are pleased to welcome Lindsay Kantorowicz to the team as an Accounts Administration Assistant. Lindsay […]

11 April

Advancing The Future – Tax Incentives for Research and Development

As part of the government’s ongoing commitment to make the United Kingdom a centre for advancement, there are attractive tax relief schemes available for Research and Development. R&D Relief has the impact of reducing the Corporation Tax liability for your business. For companies that qualify for the Small or Medium-sized Enterprise Scheme, you may be […]

7 April

Workplace Pension Auto-Enrolment – Overview for Small Businesses

The law on the provision of Workplace Pensions has been applied in phases since 2012. Eventually, virtually all UK employers will be legally required to automatically enrol most staff into a pension scheme and to make direct contributions. As per our previous newsletter, all employers with fewer than thirty employees that do not qualify for […]

6 April

Tax Changes That Have Come Into Effect on 6th April 2015

A raft of tax changes have come into effect today. The main changes that affect individuals and businesses are: the Income Tax Personal Allowance increases to £10,600 the higher rate income tax threshold increases to £42,385 the new Marriage Allowance is active employers will no longer pay employer NICs for employees under the age of […]

6 April

Bordeaux En Primeur 2014 – A Good Investment Opportunity?

As the dust settles from the 2014 en primeur campaign in Bordeaux last week, it is time to take stock. Based on the barrel tastings, the consensus view is that 2014 is shaping up to be an excellent year. Whilst maybe not a blockbuster that compares to 2005, 2009 or 2010, definitely a significant improvement […]

6 April

Shared Parental Leave and Pay Has Come Into Effect

If your baby is due or you adopt a child on or after 5th April 2015, you could qualify for Shared Parental Leave and Statutory Shared Parental Pay. To qualify, you must share responsibility for the child with one of the following: your husband, wife, civil partner or joint adopter the child’s other parent your […]