The General Election – more than just words
After all the predictions and hype, Rishi Sunak stood in the rain in Downing Street and asked us to decide our future on 4 July. There have been many words spoken and written since then and, as the tit-for-tat campaigns plough on, the polls continue to indicate that we will wake up on 5 July […]
Buying to Let? Company or no company?
One of the biggest considerations is whether a limited company should be set up as a vehicle for your investment. Many self-proclaimed “property gurus” today claim a company should always be set up before investing, but this is not the best route for many. Whilst a company has the potential to provide significant tax savings […]
Furnished Holiday Let tax regime abolished
When the FHL rules are abolished on 6 April 2025 all properties previously qualifying as FHLs will convert to being taxed as long-term residential let properties. Below is a list of tax benefits available to individual owners of FHL properties and the corresponding tax treatment of long-term residential let properties: FHL Long-term Residential Letting […]
Kilsby Williams enhances leadership team
Lucy Creese, Stuart Evans, Dafydd Ford, Rob Meredith and Kaye Morris are being promoted from within the firm’s fast-growing commercial Tax, Growth and Transactions departments; while Huw Sheppard from the Audit and Accountancy and Payroll teams completes the leadership group. This is an incredibly exciting time for our business which will ensure we can continue […]
Tax Residence and Domicile: a brief look into the future.
As things stand, individuals who are both UK domiciled and UK tax resident are subject to UK income tax on their worldwide income and capital gains (subject to mitigations and reliefs designed to avoid double taxation). If someone is UK tax resident but ‘non-dom’ however, they can choose for non-UK income and gains to be […]
Kilsby Williams announces major Partner promotions
Lucy Creese, Stuart Evans, Dafydd Ford, Rob Meredith and Kaye Morris have been promoted from within the firm’s fast growing Tax, Growth and Transactions departments, while Huw Sheppard from the Audit, Accountancy and Payroll teams completes the leadership group. Simon Tee, managing partner at Kilsby Williams, said: “This is an incredibly exciting time for our […]
HMRC scam letters – please beware!
The letter is on HMRC’s usual paper and looks official. The letter states that it is being sent in response to correspondence received by the debt management resolution team and asks the recipient to quote their National Insurance number, HMRC reference number and address ‘to help you be dealt with more quickly’. Phishing letters are […]
Kilsby Williams continues to grow with new appointments
Ken Vargis has been appointed as a manager in Kilsby Williams’ business services team. An assurance professional, Ken will be applying his significant auditing expertise to support the firm’s varied client portfolio. Ken said: “I am elated to be joining Kilsby Williams at such a pivotal point in its growth. I am looking forward to […]
Spring Budget 2024: Something to shout about?
Insights from Kilsby Williams’ Tax Director Rob Meredith The headlines were as expected: The Chancellor did include a couple of extra rabbits in the hat though including: The Class 1 NICs cut, added to the similar cut in the Autumn, is estimated to save an average worker £900 a year and represents a cost of […]
R&D – Seismic change is on the way
There are two key elements to be aware of: ADVANCE NOTIFICATION For accounting periods beginning on or after 1 April 2023, companies must advance notify HMRC of their intention to make an R&D claim within 6 months of the year-end. Broadly the requirement is restricted to those companies who have not made a R&D claim […]
