Brooks Accountants

27/10/2023

What options does your Limited Company have if struggling to pay tax?

Struggling to pay taxes can be an insidious financial issue for a limited company to deal with. This is because HMRC has the power to forcibly […]
12/09/2023

Tax Deductible Key Person Insurance – What you need to know

What is key person insurance? Also known as ‘keyman insurance’ or ‘keywoman insurance’, key person insurance is a form of life insurance which protects against the […]
15/02/2023

Planning for the Corporation Tax Increase in April 2023

For UK companies, one of the biggest taxes to be planning for at the moment is the increase to corporation tax, which will be effective from […]
15/02/2023

Super Deduction for Capital Allowances

Last chance to claim enhanced tax relief on business assets In April 2021 the government introduced the Super Deduction for Capital Allowances, for Limited Companies. This […]
04/01/2023

The Latest News on Making Tax Digital

Our self-employed and property investor/landlord clients will be relieved to hear that just before Christmas, HMRC announced a further 2 year delay of the Making Tax […]
30/11/2022

Christmas Gifts and Parties

With Christmas approaching, it’s important to understand whether VAT can be reclaimed on seasonal gifts and staff parties. The rules on these can be confusing, so […]
12/10/2022

HRMC Targets Sellers of Second Homes

HMRC is testing a radical policy of writing to taxpayers about the need to report and pay the capital gains tax from selling second homes and […]
10/10/2022

A New Way to Pay Payroll Taxes

HMRC has just launched its ‘variable payment plan’ for employers. What is it and should you consider signing up for it? On 19th September, HMRC launched […]
26/09/2022

The ‘Mini-Budget’ and What it Means?

The new chancellor, Kwasi Kwarteng delivered a mini-budget in the House of Commons. However, it was anything but ‘mini’. Here are all the important points that […]
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