What we think

LLPS – Salaried Partners Update

The City of London Law Society (“CLLS”) and Institute of Chartered Accountants in England and Wales (“ICAEW”) have both submitted responses to the Finance Bill 2014 partnership proposals whereby certain members of limited liability partnerships will be reclassified as employees for tax purposes from 6 April 2014. Both parties regard the proposals as being unclear,… Read more

Year End Tax Planning – 5 April 2014

With yet another tax year drawing to a close, now is a good time to pause and take stock of whether you have made full use of the reliefs and exemptions available, all of which help towards legitimately reducing tax bills as far as possible. We have put together some ideas below and we would… Read more