Reminder: Calculating holiday pay for irregular hours workers for schools

21.08.19 / Insight posted in Articles

Up until March 2018, employers calculated workers’ accrued holiday pay on the basis that holiday pay accrues at the rate of 12.07% for every day worked. With effect from March 2018, this figure must be replaced by 17.5% for term time employees and workers at independent schools who work irregular hours. The calculation is as…

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Professional Firms Insight – Summer 2019

14.08.19 / Insight posted in Articles

In this issue, we examine two old tax issues facing professional firms that have reared their heads again in recent times. Firstly, following recent HMRC announcements, we look at the different ways that a partner can claim tax relief on business expenses paid out of their own pockets. Secondly, after several years of inactivity, it appears that HMRC are now checking compliance with…

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London Festival of Architecture: it really did have it all!

14.08.19 / Insight posted in Articles

I have to say hats off to the London Festival of Architecture team for yet another excellent demonstration of architecture in London. The festival highlighted the key challenges facing the industry in the short term, something a large number of practices have experienced. Many firms will need to be agile and willing to innovate in…

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Tech update

13.08.19 / Insight posted in Articles

In this edition, we summarise our key takeaways from the Createch conference that took place in London in June. We also demystify some common misconceptions around R&D tax credits and guest author Pat Saini, Partner at Penningtons Manches Cooper, explores the immigration options for tech companies and entrepreneurs looking to bring talent to the UK.…

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KSFA Summer Bulletin

09.08.19 / Insight posted in Articles

Welcome to the KSFA Summer Bulletin that I hope you will find of interest. 2019 continues to be an interesting year and without mentioning the “B” word, it still remains very important to keep on top of your financial planning. This is where we can help you. In this bulletin, we talk about the benefits…

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Lynne Rowland advised Daily Telegraph on consequences of court ruling on tax avoidance for coma relative

08.08.19 / Insight posted in KS News

Lynne Rowland, partner at Kingston Smith, says landmark ruling will allow relatives of those who are mentally incapacitated to carry out inheritance tax planning on their behalf. For more information on this or other tax matters, please contact a member of our team or visit our web page. Lynne’s article appears in the Daily Telegraph.…

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R&D tax credits

08.08.19 / Insight posted in Practical Guides

Research and development tax credits are a government initiative designed to reward UK businesses for investing in innovation. Despite there being so many qualifying activities, business owners are leaving millions of pounds in potential savings on the table. This is money they’re missing out on that could be used to hire additional staff, invest in…

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R&D tax credits for agribusinesses

08.08.19 / Insight posted in Practical Guides

Research and development tax credits are a government initiative designed to reward UK businesses for investing in innovation. One of the most overlooked tax incentives in the UK agricultural industry, business owners are leaving millions of pounds in potential savings on the table. This is money they’re missing out on that could be used to hire…

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Preparing for a no-deal Brexit: TSP – soothes the pain of EU imports

07.08.19 / Insight posted in Articles

With Boris Johnson at the helm at No. 10, it’s clear that the EU considers a no-deal Brexit very likely. British industry seems to be suffering from a mixture of inertia, oblivion and misunderstanding when it comes to preparing for a no-deal. A recent BBC Newsnight investigation found that almost no UK businesses importing from…

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Guy Sterling advises New Model Adviser on trust alternatives for passing on possessions

06.08.19 / Insight posted in KS News

Guy Sterling considers the merits of family investment companies, family limited partnerships and discretionary trusts. Each structure has different implications for asset control, corporation tax, income tax, capital gains tax and inheritance tax. For more information on this or other tax matters, please contact a member of our team or visit our tax web page. Guy’s…

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