The two main reasons why unlawful distributions are at risk of becoming more commonplace (or at least more commonly identified) will be down to the acute financial shock attributable to Covid-19 and changing consumption patterns as a result. Lee Sharpe takes a tax-centric look at what happens if a company pays dividends it cannot afford.
Sarah Bradford examines some of the tough choices facing employers as the support provided by the CJRS comes to an end, and the tax implications of terminating an employee’s employment.
Over the last year or so, the author has assisted several accountants through the process of incorporating a number of their sole trade and partnership clients. Peter Rayney takes us through a traditional incorporation of a ‘services’ sector trade.
Subject to satisfying a number of conditions the exemption may be extended with respect to disposals made by trustees (e.g. under a will trust) or the personal representatives (PRs). Malcolm Finney looks at two important but often misunderstood sections of the private residence relief rules.
Mark McLaughlin reviews two recent important tax cases:
Andrew Needham looks at the zero-rating for books and publications and the recent extension to e-publications.
The TACS Partnership looks at the occasions of charge and reporting requirements when capital leaves a trust.