Disincorporation relief – How might the new tax relief work?

Disincorporation relief – How might the new tax relief work?

‘Disincorporation’ is broadly the process of a business changing its legal form from a limited company to a sole trader or partnership. This process generally involves a transfer of the business as a going concern, including assets and liabilities, from the company to its shareholders, who then carry on the business on a self-employed basis.. Read more

HMRC enquiries – The burden of proof: should unexplained receipts be treated as additional taxable income?

HMRC enquiries – The burden of proof: should unexplained receipts be treated as additional taxable income?

Enquiries by HM Revenue & Customs (HMRC) into tax returns will often involve a review of all monies received, with a view to establishing whether taxpayers have declared all taxable income and gains. Unless those amounts can be satisfactorily identified, HMRC will probably infer that the receipts are additional taxable income. For example, the accounts. Read more

Introducing Bloomsbury Tax Planner Interactive: Video Demo

Introducing Bloomsbury Tax Planner Interactive: Video Demo

Bloomsbury Tax Planner Interactive is our new online product which helps practitioners identify the appropriate planning to deal with the most frequently encountered situations where clients are faced with a change in their circumstances, or simply want to be sure that their affairs are organised in the most tax efficient way. Watch this video demo. Read more

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