Latest News
July 2021 – Should You Be VAT Registered?
Should you be VAT registered? HMRC actively looks for businesses that have an annual turnover of £85,000 or more, as most should be VAT-registered. It gathers information from many different sources, including credit card payments and sales by wholesalers, then analyses that data and compares ...
July 2021 – Clarke Nicklin Facilitate Employee Ownership for DJS Research
We are delighted to have supported Stockport-based market research agency, DJS Research, in becoming Employee Owned. Specialising in qualitative and quantitative research services, the £6.3m turnover agency has established a new employee ownership trust (EOT), which will now own the majority of the business. The ...
June 2021 – Corporate Finance – Due Diligence
Our due diligence reviews/assessments ensure information is accurate and identifies appropriate considerations in specific scenarios. Here, Managing Partner, Andrew Baggott, explains how Clarke Nicklin can support and advise with due diligence. For more information on our experience in Corporate Finance, please see our portfolio of ...
June 2021 – Corporate Finance – Disposals
If you’re thinking about a business disposal, Clarke Nicklin are here to discuss the process and ensure you achieve your objectives throughout. Here, Managing Partner, Andrew Baggott, discusses business disposals and how Clarke Nicklin can advise. Take a look at our Corporate Finance portfolio here ...
June 2021 – Veterans’ NIC Relief
Veterans’ NIC relief From 6 April 2021, a new NIC relief came in to encourage businesses to take on new employees who are veterans of HM Armed Forces. This relief, which will apply a zero rate of employers’ NIC up to the upper secondary threshold ...
June 2021 – Many Changes to Company Cars
Company cars - lots of changes! Take extra care when reporting company cars on Form P11D over coming weeks. For 2020/21, there were significant changes to the percentages that need to be applied to the list price of a car when calculating a benefit, namely: ...
June 2021 – Coronavirus Support Measures
Coronavirus support measures Furloughing extended again The Coronavirus Job Retention Scheme (CJRS) for furloughed workers has been extended until 30 September 2021. Currently, the worker must receive a minimum of 80% of ‘normal’ pay for their furloughed hours and this will continue through to September ...
June 2021 – Elect In Good Time
Events don’t always turn out as expected. For example, you may need to wait for a later profit or loss to arise before you can judge whether it’s right to elect to change the tax treatment of an earlier transaction. This is why the law ...
May 2021 – Acquisitions
Managing Partner of Clarke Nicklin Chartered Accountants, Andrew Baggott, in this video discusses the things you need to consider regarding business acquisitions. To discuss an acquisition, please contact Andrew on 0161 495 4700 ...
May 2021 – Working At Home Allowance
Working at home allowance Where you are required to work at home, your employer can pay you a tax-free allowance of £6 per week (or £26 per month). For periods before 6 April 2020, the tax-free allowance was £4 per week (or £18 per month) ...
May 2021 – Tipping Points
Tipping points When your total income reaches certain thresholds, it tips any extra income into a tax band where a higher rate of tax is charged. This can also mean you lose part or all of your Savings Allowance, Child Benefit, Personal Allowance, or Pensions ...
May 2021 – Timing Is Everything
Timing is everything The end of the accounting period for your business is a key point for tax planning. You can save or delay tax by moving income and expenditure between accounting periods. For instance, advancing the acquisition of assets to just within your current ...
