Podcast – ‘Summing up’

James talks to Sadie Nicholls about UK resident taxpayers who may have undeclared overseas income. Often a UK tax disclosure is required even if no tax is due. Sadie guides us through the reporting and compliance obligations.

Research and Development activities can be expensive and time consuming but HMRC want to help. James is joined by Mary Schofield to discuss the R&D tax relief scheme and how innovative companies can benefit from enhanced tax relief. Mary provides her top tips on how to make the system work for you.

James is joined by Financial Planning Specialist Jon Matchett to talk about business protection policies and how structured planning can help deal with business risk, family earnings and facilitate business transitions should the worst happen.

James is joined by Shaun Davison to talk through the minefield that is business expenses. What can be claimed against business profits and how to treat costs which are not clearly business or personal. From company cars to workwear and uniforms, James and Shaun provide guidance on how treatment can differ based on business structure and how to maximise your claim.

Abi Robinson joins James to talk all things audit. In this episode discussions cover what an audit is, tips for companies requiring an audit for the first time and opportunities for businesses who may no longer require an audit.

James Shipp is joined by Dom Smith to discuss the pros and cons of a limited company over other business structures such as sole trader, partnership and LLP. Considerations include risk, tax and cost and delve into the reasons why entrepreneurs structure successful businesses in the way they do.