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Understanding Entrepreneurs Relief in Solvent Liquidations Entrepreneurs Relief, now known as Business Asset Disposal Relief (BADR), has undergone significant evolution since its introduction. Originally established in 2008 to incentivise entrepreneurship and investment, Entrepreneurs Relief provided favourable tax treatment on the disposal of qualifying business assets. Over the years, the relief has seen several refinements, culminating […]
When considering the closure of a solvent company, many directors and shareholders look to a Members’ Voluntary Liquidation (MVL) as a tax-efficient route to extract value. At Bridgewood, we often guide clients through this process and, whilst not tax advisors, we can help clients understand one of the most crucial factors: capital gains tax (CGT). […]
We all know that Taxes should be paid when they fall due, however HMRC will usually agree a payment arrangement, known as Time to Pay (TTP) in order to clear any arrears. Here are 5 top tips to help you and your clients achieve the best outcome with HMRC […]
The introduction of Accelerated Payment Notices (APNs) by the Finance Act 2014 remains one of the most talked about measures introduced by the UK tax authority to clampdown on what it considers to be tax avoidance. […]
Why HMRC may focus its attention on certain companies to recover lost tax revenue, and as an accountant and business owner, what you should expect in a tax investigation. […]
Company Voluntary Arrangements (CVAs) are an insolvency procedure designed to rescue a business through a re-structuring of its liabilities to creditors. […]
We discuss the impact of intermediaries’ legislation (IR35) on contractors and their Personal Service Companies (PSCs). […]
