News

Usually, when there is a change to a business entity, such as a sole trader to a limited company, the question is often asked whether the company is taking on the sole trader business as a going concern?

My colleague Ed Passmore wrote in Wednesday’s EDP that businesses shouldn’t expect too much from Chancellor Rachel Reeves’ spring statement, and he wasn’t wrong – there was precious little which will directly affect business.  But that doesn’t mean that there weren’t a few nuggets of interest.

For the many farmers in our region, there will have been disappointment that there was no moderation of the effects of the inheritance tax announcement made in the autumn Budget.

An HMRC announcement this month has major implications for all businesses which rely on its online filing service.

The end of the tax year is a good opportunity to remind donors of the advantages of Gift Aid, says Stef Smith of Lovewell Blake’s Charities team.

With the inheritance tax issue dominating the headlines, it is easy to think that this is the main problem facing agriculture – but in fact there is a whole swathe of existential challenges threatening farmers’ livelihoods and the country’s food security.

Ed Passmore of Lovewell Blake says that business shouldn’t expect too much from the Chancellor’s Spring Statement next week.

The annual reconciliation reporting period and annual rates reimbursement claim processes will open shortly on Compass.