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Tax relief on energy efficient vehicles

Menzies

Menzies LLP - A leading chartered accountancy firm. The measure is designed to incentivise the uptake of zero emission vehicles, following the government’s announcement that it will consult on bringing forward the phase-out date for the sale of new petrol, diesel and hybrid vehicles. Donna Kenyon. View profile.

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Unlocking the Tax Maze: Navigating Changes in UK Property Laws for Non-Residents

Menzies

Menzies LLP - A leading chartered accountancy firm. The historical ability for non-residents to avoid UK tax on property sales and potentially benefit from reduced stamp duty has undergone significant changes. In 2015 The sale of UK residential property by non-residents became liable to UK tax.

Tax 52
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Understanding Tax Savings for UK Tech Firms

Menzies

Menzies LLP - A leading chartered accountancy firm. Understanding the differences between the available allowances is crucial for enhancing tax savings and bolstering cash flow, particularly in the early stages of a tech enterprise, where capital investments may be significant.

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TRANSPORT & LOGISTICS SECTOR CHALLENGES

Menzies

Menzies LLP - A leading chartered accountancy firm. Strategic divestments could help to raise the funds needed to invest, which may in turn help to minimise corporate tax liabilities by creating an opportunity to claim R&D tax relief.

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Navigating the New Year Slump: Mastering the Art of Cashflow for Hospitality Businesses

Menzies

Menzies LLP - A leading chartered accountancy firm. As sales dip after the festive season, maintaining cash flow becomes crucial. A reduction in sales following the Christmas and New Year period, but with overheads and debt costs still at normal levels, can put pressure on business’ cashflow.

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Equity incentives in the technology sector

Menzies

Menzies LLP - A leading chartered accountancy firm. On the face of it, the award of equity to an employee is a taxable benefit, subject to tax in the same way as a cash bonus, which can be problematic where employees receive shares without any cash to settle the arising tax liability.

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Profit extraction for corporate owner managers

Menzies

Menzies LLP - A leading chartered accountancy firm. A fundamental question for most corporate owner managers is how to most efficiently extract profits from their company, especially in light of the frequently changing rules and tax rates / thresholds.