Making Tax Digital for VAT

22.02.19 / Insight posted in Articles

What is MTD for VAT? It is a change in the way UK VAT is reported to HMRC, replacing manual VAT filings with a digital process. Essentially, HMRC requires VAT returns to be filed directly from an organisation’s accounting records. However, not all organisations maintain records in a digital format that makes this possible. This…


Kingston Smith & Partners appointed to handle administration for Quadriga

21.02.19 / Insight posted in KS News

Quadriga Holdings Limited and Quadriga Worldwide Limited were placed into administration on 15 February 2019, with Ian Robert & Chris Purkiss of Kingston Smith & Partners appointed administrators. Other Quadriga group companies in the US and Europe are unaffected by the administration. Quadriga, the leading supplier of in-room entertainment to many of the world’s leading…


Media Outlook Survey 2019 results

21.02.19 / Insight posted in Articles

We conduct our yearly survey to find out the expectations of finance and managing directors of marketing services, and media and consulting businesses on the future financial prospects of their industries. The results of our 2019 media outlook survey are positive with most businesses expecting to see revenue growth. This survey sets out to analyse…


Gatwick Diamond Business Awards recognise Kingston Smith’s employee engagement by naming it a finalist

20.02.19 / Insight posted in KS News

Top 20 accountancy and business advisory firm Kingston Smith is delighted to be named finalist for Employer of the Year in the Gatwick Diamond Business Awards 2019. The award celebrates businesses that demonstrate a real commitment to employee engagement through innovative and inspiring staff initiatives. Key highlights that Kingston Smith is being recognised for include…


Property Alert – Non-UK resident owners of UK property – is your holding structure fit for purpose?

20.02.19 / Insight posted in Articles

Capital gains tax – April 2019 From April 2019, capital gains made by non-UK resident entities and individuals disposing of all types of UK property will be subject to UK tax. The exemptions currently applicable to all commercial property and widely held residential property will no longer apply. As it would otherwise be easy after…


Realise your business’ true value

20.02.19 / Insight posted in Brochures

Most businesses are founded by people with a passion for creating ways to deliver better products or services to their clients. As the business grows, so its value increases and the owners consider a future sale to reap the reward of their hard work. But what is the right price, and how do you achieve…


Heterosexual civil partnerships: the tax angle

18.02.19 / Insight posted in Articles

The Prime Minister’s announcement that civil partnerships between heterosexual couples will be legally acknowledged will have a potentially profound impact on millions of people. This decision follows the Supreme Court’s ruling in June that legislation providing that only same sex couples may register civil partnerships is unlawful. There are approximately 3.3 million unmarried couples living…


A promise is a promise – or is it? How lifetime assurances can override a Will

18.02.19 / Insight posted in Articles

A person’s freedom to choose to whom to leave their estate, known as “freedom of testamentary disposition,” is a venerable principle of English law. The emphasis placed on this freedom means that the bar to overrule a validly executed Will is high. Indeed, case law confirms that the wishes of a person who is mentally…


Kingston Smith reports 4.8% mean gender pay gap for 2018

18.02.19 / Insight posted in KS News

Top 20 accountancy and business advisory firm Kingston Smith published its 2018 gender pay gap report, with a mean gender pay gap of just 4.8%. While the firm is ahead of the national average of 18.4%, it has managed to reduce its pay gap from last year’s 7%. Kingston Smith also reports a marked improvement…


Who says financial planning can’t be romantic?

14.02.19 / Insight posted in Articles

Before popping the big question, have you considered the financial planning that is involved in a long-term commitment? With HMRC encouraging married couples and those in civil partnerships to apply for the Marriage Allowance (a tax-free break worth £238), there are lots of other tax planning and implications to consider. Tax partner Lynne Rowland discusses how you…