Sales till manipulation
Traders who have used electronic sales suppression (ESS) software are in serious trouble as HMRC view this as tax fraud which is a criminal offence.
Settle the tax with a PSA
You may reward your employees with something special such as a holiday or a hamper. If the value exceeds the tax-free amount permitted under the rules for say long service awards, trivial benefits or staff suggestions it will be taxable.
Principle Private Residence and the Potential Pitfalls of your Garden
Principle Private Residence (PPR) which sets out the circumstances under Capital Gains Tax is or isn’t levied when selling off all or part of your estate.
Government consults over future of agricultural property relief
The Government has launched a consultation into the current rules around agricultural property relief from inheritance tax.
Top tips for a stress-free year end
With the end of the tax year growing closer, time is running out for farmers and farm managers to make sure their farm accounts are in order before submitting them to their accountant.
Whitley Stimpson Accountant awarded joint sixth place at the ICAEW Annual Orders of Merit 2022
Robert Lay, Trainee Accountant at Whitley Stimpson has been awarded joint sixth place at the ICAEW CFAB / ACA Certificate Level Annual Order of Merit 2022.