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Gifting out of income:

In this blog, we’ll explore what gifts out of income involve, who is best placed to benefit, the key conditions to be aware of, and how to maintain proper records to ensure the relief is successfully applied.

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Considerations when paying a dividend

Understanding how to transfer value from your business without falling into legal or financial pitfalls is important for any director or shareholder and getting it wrong can lead to significant consequences. In this blog, we will help you further understand the rules surrounding dividends, ensuring your decisions remain compliant with legal and financial requirements.

Roles and responsibilities of academy trustees

Roles and responsibilities of academy trustees

Strong governance is vital for academy trusts to deliver their organisational purpose and meet their legal and regulatory responsibilities. Effective trustees and members are those who understand their roles, contribute positively both as individuals and as part of a team, and maintain a high level of integrity and accountability. Read more here...

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Lock, stock and tax-efficient barrels: investment and tax considerations for shotguns

For individuals with a valid shotgun certificate and shooting experience, investing in a shotgun can be an appealing idea. You may have inherited a gun that now presents an investment opportunity, or perhaps you are looking to upgrade your existing shotgun. As part of our Alternative Assets series, this blog explores what makes a good shotgun investment, how the market is shifting, and the tax treatment of buying and selling shotguns.

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Legal considerations for doing business in the United States

With the US offering one of the largest consumer markets in the world, it’s no surprise that international businesses often view expansion there as a natural next step. But before setting up a US entity, it’s worth asking a more fundamental question: should you? In a recent webinar hosted by Wilson Elser, a member firm of global association IAPA International, legal experts gave a practical overview of the key considerations for setting up and operating in the US.

Game designers testing their new VR game in the office

What do I need to know about Video Games Expenditure Credit (VGEC)?

Video Games Expenditure Credit (VGEC) is a new tax relief scheme introduced to support the video game development industry in the UK. Read more from our experts here...

Red Ferrari 250 GTO with private plate

Investing in private number plates

Beyond their unique visual appeal, personalised number plates have become a niche investment amongst car enthusiasts and collectors. Some plates appreciate significantly in value over time, with sought-after combinations commanding substantial sums at auction. In this blog, we outline considerations for investing in private number plates for individuals and businesses, focusing on their tax treatment.

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What is a direct statutory demerger and how can you use it?

Statutory demergers are often described as the ‘go-to’ method of demerging, as they are quite literally written in the legislation. Due to their simplicity, i.e. not incorporating or liquidating companies, they are typically cheaper to implement and more straightforward. For those that meet all the relevant conditions, they are extremely effective. However, in practice, they are infrequently used due to the numerous conditions attached. Attempting a statutory demerger without meeting these requirements can lead to tax inefficiencies, highlighting the importance of seeking professional advice prior to demerging your business.

Game developers reviewing concept art

I’m developing a video game, what tax reliefs are available to me?

Video Games Tax Relief (VGTR) is a financial incentive designed to support the video game development industry in the UK. Find out more from our experts here to ensure you are claiming the relief you are entitled to...

Modern residential property building

FRS 102: Changes for property companies in 2025/26

On 27 March 2024, the Financial Reporting Council (FRC) introduced significant changes to FRS 102 to better align with international reporting practices and improve the quality of financial reporting. In this article, we’ll set out the updated guidance and provide practical advice to help property businesses adapt.

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SORP 2026 Exposure Draft – Are you ready for tiered reporting?

The long awaited exposure draft charity statement of recommended practice for 2026 (SORP) has finally landed, and with it comes a major change in the structure of how charities report in their accounts. Read more here...

A closeup of an empty classroom with a pot of coloured pencils in red pots. The classroom is in a school in Hexham in the North East of England.

Academy trusts: Don’t forget to claim Employment Allowance

Employment Allowance allows eligible employers to reduce their annual National Insurance liability by up to £10,500 from 6th April 2025 (25/26 tax year). You can only claim against your employers’ Class 1 National Insurance liability. Academy trusts are eligible for Employment Allowance.  

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