Modern accounting
Foxley Kingham News
IHT – do you qualify for inheritance tax relief on business assets?
In previous issues of ProActivity, we’ve covered the topic of inheritance tax (IHT); explaining what it is, how to navigate it, as well as how to maximise tools like lifetime gifts to minimise the amount of liable value within your estate. In this article, we want to...
Basis period reform – a step-by-step guide to minimise your tax position this transitional year
Are you a Sole Trader or Partnership? You will likely have heard that the Making Tax Digital scheme is coming into view from April 2026 and a key action step towards this is basis period reform. The financial year ended 5 April 2024 is now the Basis Period Reform...
Making Tax Digital – Free Phone in Session
Thursday 16 May, 2024
All sessions run from 2 – 4pm, call 01582 540800.
Spring Budget 2024: Key changes and how they affect you
The Spring Budget 2024 contained no flash surprises or big wins, particularly from a business perspective. Whilst there were a few golden nuggets here and there, for individuals especially, these ‘giveaways’ are really being overshadowed by the ever-increasing...
Spring Budget 2024: Key Points
Chancellor, Jeremy Hunt, made his Spring Statement in the House of Commons this week. Setting out the government’s tax and spending plans for the year ahead, and likely the last before a general election, the Chancellor delivered a “budget for long term growth” - a...
The UK Patent Box regime: valuable savings for companies profiting from IP
Continuing our series which explores the various types of tax relief and incentives available to UK businesses, we once again spoke to Foxley Kingham partner and resident expert, Giordano Goggioli, Senior Associate at Markel, a specialist insurance and tax consultancy...
Safeguarding your business from the increasing number of corporate insolvencies
As the number of corporate insolvencies once again exceeds pre-pandemic levels, we spoke to Alastair Fish, Insolvency Manager at Business Recovery and Insolvency. Alastair answered a number of commonly asked questions, providing expert insight into why the number is...
Basis period reform – what action should I take?
If you’re self-employed, a sole trader, or operate as part of a partnership – you might be aware that as of April 2024, you’ll need to bring your accounting period in line with HMRC’s tax year. This change is known as the Basis Period Reform. In this article, we...
What you need to know about lifetime gifts & inheritance tax
In our previous issue, we gave an overview of the controversial inheritance tax system and listed the various ways you can mitigate the burden on your loved ones when you die. In this issue, we’ll look at the potential benefits of making lifetime gifts in relation to...
Find out more
Contact us
Please contact us now to arrange a free 1 hour meeting to see how we can help you.