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Payroll – Should You Outsource?Written on October 1, 2026 by Kirk Rice LLP
Payroll outsourcing means that businesses choose to hire a specialist external company to handle their payroll function to save them time and money, gain efficiencies and ensure compliance. There are many benefits of payroll outsourcing including: Time saving If you handle it in-house, you know that it requires a lot of time and attention to […]
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Business Purchase – What You should ConsiderWritten on August 14, 2026 by Kirk Rice LLP
There are many considerations when buying a business and to have an understanding of the tax implications is certainly one of them. In particular, one of the questions that arises is whether the business purchase should be by way of an acquisition of the trade and business assets of the target company, or of the […]
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Refurbishment Of Rental Properties – What Are The Tax Implications?Written on July 5, 2026 by Kirk Rice LLP
Key Points From April 2025, former furnished holiday lets are generally subject to the same refurbishment tax rules as other residential rental properties. Refurbishment costs for rental properties may be treated as either revenue or capital expenditure, depending on the nature of the work carried out. Repairs and maintenance are generally deductible from rental profits, […]
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R&D Tax Relief For SME’sWritten on May 16, 2026 by Gauhar Chaudhary
A long history servicing OMBs and SMEs has meant I hear this question a lot. Could you qualify for R&D tax relief? In short, maybe. R&D tax relief may be available where a company is seeking an advance in science or technology and has to overcome genuine technological uncertainty. In software, qualifying work can include […]
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Capital Gains Tax On UK Property And LandWritten on September 10, 2025 by Kirk Rice LLP
Capital Gains Tax 60-Day Reporting Explained Yes, there is, and quickly! Anyone who sells, gifts or otherwise transfers UK residential property or land on which a capital gain arises is required to report that gain to HMRC within 60 days from the date of completion, and pay the capital gains tax liability arising by the […]
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Swiss Anticipatory Withholding Tax Repayment ClaimsWritten on May 29, 2025 by Hadley Baldock
This is a high rate of tax for dividend income. Believe it or not, many people do not even notice that they are being taxed to this degree. This may be because their Swiss company shareholdings are buried within their share portfolios, or perhaps because they have not examined the dividend vouchers being provided to […]
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Borrowing Money From Your Business – Tax ImplicationsWritten on April 17, 2025 by Kirk Rice LLP
Yes, two key tax issues arise from borrowing money from your business that you should be aware of which are as follows. Firstly, you do not mention whether the loan to you will be interest free or not. Chances are you plan this to be interest free, in which case this is the first tax […]
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New Business – Which Structure Should I Choose?Written on April 2, 2025 by Kirk Rice LLP
For the most part when starting a new business there are four vehicles through which a business may be conducted in the UK: as a sole trader, by a partnership, by a limited liability partnership, or through a company (either private or public). Although it is possible for a company to be ‘unlimited’, the focus here is […]
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Higher Rate Tax Earner – What Can I Do To Save Tax?Written on September 11, 2024 by Kirk Rice LLP
As a higher rate tax employee taxed under PAYE you can be limited to the options available to reduce your tax liability, but there are some areas which should not be overlooked to ensure that savings are made where possible. There are a few ‘cliff edge’ thresholds in tax to bear in mind and I […]
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Income In Excess of £100,000 – Are There Tax Efficiencies For A Higher Earner?Written on July 20, 2022 by Kirk Rice LLP
If someone is a higher earner and earns more than £100,000, they may be paying tax at a whopping 60%! You will not find this rate listed on the HMRC website, but because the personal tax allowance is withdrawn for income over £100,000, earnings of between £100,000 and £125,140 (2022/23) will be taxed at an […]
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Recent Posts
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Corporate tax planning: what it is, why it matters, and how it can support your businessWritten on October 14, 2026 by Kirk Rice LLP
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Career Story – Rebecca EvansWritten on October 9, 2026 by Kirk Rice LLP
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VAT Compliance: What Every SME Should KnowWritten on October 7, 2026 by Jonathan Swarbrick
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6 Things to Know About Tax on Extra Income: Second Jobs, Freelance Work, & MoreWritten on October 5, 2026 by Jane Page
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Business Valuation – Where Do I Start?Written on October 2, 2026 by Kirk Rice LLP
