For those who may have missing NI years between 2006 and 2016 (to qualify for a full state pension), time is running out to plug the gaps. The deadline is 5 April 2025. “DEADLINE” BACKGROUND Back in April 2016, the introduction of the new state pension stipulated that people had to have 35 qualifying years … Read More “DEADLINE FOR BUYING NATIONAL INSURANCE YEARS” »
“MISTAKES” In many property renovations projects VAT is sometimes overlooked when the initial budgets and costings are being devised. This, however, can lead to costly repercussions further down the line… in some cases with the project costing up to 20% more than budgeted. “MISTAKES” BACKGROUND VAT in relation to property is very complex, and it’s no … Read More “COMMON VAT MISTAKES WITH PROPERTY RENOVATIONS” »
“EMPLOYMENT” In this article we share practical tips for mitigating the higher rate of employers’ national insurance contributions while still positioning your business for sustainable growth Most UK businesses now face an increased cost burden with the rise in employers’ national insurance contributions (NICs). This is leaving many wondering how best to manage higher costs … Read More “NAVIGATING THE HIGHER EMPLOYMENT COSTS” »
It’s now less than a year before the first tranche of sole traders and landlords move to a new reporting system for income tax as part of HMRC’s Making Tax Digital (MTD) programme. https://machinerylove.com/category/resources Making Tax Digital (MTD), which has already been rolled out for VAT, is intended to improve the accuracy of business records … Read More “GET READY FOR MAKING TAX DIGITAL FOR INCOME TAX” »
Film, high-end TV, children’s TV and animation production companies will soon be able to claim an enhanced rate of audio-visual expenditure credit (AVEC) on their UK visual effects (VFX) costs. From 1 April 2025, companies will be able to claim an enhanced 39% rate of Audio Visual Expenditure Credit (AVEC) on their UK visual effects … Read More “COMING SOON! MORE TAX RELIEF FOR VISUAL EFFECTS” »
Trusts provide a tax-effective way of transferring family and business wealth, with inbuilt safeguards to ensure that assets are passed to the correct people at the right time. We at Shipleys have a long history of advising clients on trust and estate planning. We also administer and ensure tax compliance. TRUSTS PLANNING We can advise … Read More “TRUSTS AND ESTATES” »
Renewable energy and low carbon is a significant industry for growth since people and organizations across the world commit to be making a valuable and meaningful input to the purposes of climate change. Utilisation of current and future renewable energy technology is taking the lead into a worldwide low-carbon existence by lowering emissions of carbon. … Read More “RENEWABLE ENERGY” »
Our property professionals have many years of experience of helping numerous types of individuals and businesses involved with various aspects of the property and construction industry. We are in regular contact with valuers, consultants, planners, architects, surveyors, financiers, finance brokers, builders, self-builders, developers, residential and commercial owner-occupiers, investors, agents consultants, and even demolition contractors, on … Read More “PROPERTY & CONSTRUCTION” »
The Legal Profession continues to evolve with continued market consolidation, new emerging competition from the alternative business structures (ABS), decreased client legal panels on contract and an appetite for fixed fees. At Shipleys LLP, we have helped many legal practices put their business on a solid footing to react positively to the present market pressures. … Read More “LEGAL” »
Financial services businesses operate in an extremely intricate environment that has grown more intensely regulated and often changing. Shipleys’ group of specialists help businesses meet the regulatory requirements and be informed about the latest advances. The number of funds under management in the UK has escalated over the last ten years from around 200,000 to … Read More “FINANCIAL SERVICES” »
