Blog

Social Investment Tax Relief: a tax incentive to make the world a better place

Considerable recognition has been given to two investing tax schemes in recent years, namely the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).  Whilst these marked the government’s intention to encourage investment in start-up companies and early stage ventures, a further scheme was introduced in 2014 to...

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School Fees Tax Planning – an effective tool

School fees represent a significant cost (with latest figures averaging them upwards of £15,000 per year) to parents who opt to educate their children at fee-paying schools.  With a number of independent schools in Cambridge alone, this is a real issue for many parents in our region.  Regardless of...

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New Pension Rules – Timing is key

Hailed as “the most radical changes to pensions in almost a century”, it is reasonable to expect such changes – initially proposed by the Chancellor in his March budget and now confirmed to take effect from April 2015 – to have a profound effect on those in possession of...

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INPACT International gains Cambridge member

Earlier this year, Stanes Rand were extremely proud to be accepted as one of only four UK member firms of INPACT International – acting as sole representatives for Cambridgeshire and beyond.   INPACT International is an alliance of more than 140 accountancy firms from 60 countries worldwide. Having gone...

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How to turn your pension fund into cash for your business

Offering a tax incentive when raising corporate finance can be a decision-making ‘tipping point’ for investors if it cuts the cost of investment.  Since the Chancellor’s statement in the Budget allowing anyone over the age of 55 to access their pension fund in its entirety, subject to a tax...

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HMRC crackdown on landlords: Letting Agents caught in the cross-fire

As HMRC continues its effort to build a ‘hit list’ of landlords and their properties to compare against tax returns, Letting Agents across the UK are being caught in the cross-fire. What is happening? Statutory Notices are being issued by HMRC to Letting Agents all over the UK, giving...

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EU Grants for Innovative SMEs

With almost €80 billion worth of funding available over a period of 7 years (from 2014-2020), Horizon 2020 has been heralded the biggest EU Research & Innovation programme to date. Although open to everyone, it seems that SME’s will emerge as real beneficiaries of this initiative, set to receive...

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HMRC crackdown on owners of multiple homes via CGT

As confirmed in the Budget, as of 6 April 2014, the amount of time homeowners have in which to sell a second home before being subject to capital gains tax (CGT) has been halved from 36 to 18 months. CGT normally applies to the sale of second homes –...

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The role of forensic accountancy in divorce

The link between divorce and accountancy is, understandably, not as obvious for many as that between divorce and the legal profession. However, the unravelling of financial circumstances – in order to give an accurate indication of the parties true wealth in Ancillary Relief proceedings – is often at the...

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Let Property Campaign: Landlords targeted for tax evasion

HMRC have announced that landlords will be the latest group to be targeted for tax evasion. The ‘Let Property Campaign‘ is a scheme aimed at landlords who may owe tax due to misunderstanding the rules or deliberate evasion. The intention behind this new scheme, due to commence in December...

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