Private Client Advisory Accounting Services

In this article, we look at the UK residential property transactions for UK housing market transactions for the year to 30 April 2023 with comparatives for the same period to April 2022.

Capital Gains Tax (“CGT”) is a complex tax with different rates of tax being paid on the same transaction, depending on reliefs claimed, levels of income, and other gains in the year. So here are our ten top tips on how to minimise the tax you pay.

While Employee ownership trusts (EOTs) may seem like an attractive option on the surface, there are several downsides that business owners should consider before deciding to pursue this route.

In this article, we will explore the advantages of engaging a fractional IT Director and how they can drive business success.

This video delves into the concept of holding companies and highlights three benefits of using them.

In this article, we look at the UK residential property transactions for UK housing market transactions for the year to 31 March 2023 with comparatives for the same period to March 2022

HMRC recognizes crypto assets as intangible assets, which can potentially give rise to tax liabilities. To gain an understanding of the intricacies involved, please read this latest insight.

When a company has excess cash not being utilised in a bank account, it may choose to invest that money in ways that can potentially earn a higher return than by simply earning a small amount of annual interest.

In this article we share 6 ways a company may better utilise its assets to become less liquid.

From 1 April 2023, the previously introduced Super Deduction capital allowances at 130% are being withdrawn. In an effort to continue encouraging capital investment, read this article to find out what new measures have come into place.

An employee ownership trust (EOT) is a unique type of trust that enables employees to own a stake in their company, providing them with a sense of ownership and control over the business. In this article we delve deeper into what an EOT means for employees.

In this article, we look at the UK residential property transactions for UK housing market transactions for the year to 28 February 2023 with comparatives for the same period to February 2022.

Recently, the Spring Budget announced a change in Pension Annual Allowance that may impact small business owners or sole traders. we have created a short video that provides clarity on what the change means and what steps you should take next.

Ballards LLP has made the move to purchase CreativeFolks in an effort to expand its service offerings as clients look for a more “holistic approach” to their business needs.

The recent budget saw some welcomed simplification to the strict rules that need to be adhered to for Enterprise Management Incentive(EMI) options to qualify for the generous tax breaks provided by the scheme.

When setting up a new business it is important to consider the legal structure that best suits your needs. There are several forms that this can take, including trading as a Sole Trader, a Partnership, a Limited company and an Unlimited company, among others.

In this short video, I will outline three key advantages that your business can gain from appointing an IT Director. 

A technical note has been released, ahead of legislation due to be published later this year in relation to additional tax relief available for R&D intensive SME companies.

The UK government implemented the Patent Box tax structure in 2013. The regime offers a lower rate of corporation tax on earnings from patented discoveries in order to encourage businesses to invest in research and development (R&D). In this article, we will explore what the Patent Box regime is, how it works, and what kind of projects it could be used for.

Kind-hearted staff at Ballards LLP broke out the paper and sellotape to wrap gifts as part of the Lowesmoor lifeline’s latest bid to help those most in need.

Business owners, are you aware of the inheritance tax exposure on your business assets?

If the answer is no, then you’ll want to watch this video, as I may have a great solution.

In today’s world, businesses are facing increased pressure to make informed decisions that drive growth and success. To do this, they need access to accurate and timely data, and the ability to analyse it effectively. Digital technology has revolutionised the way businesses operate, and can be a powerful tool for making better business decisions.

In this article, we look at the UK residential property transactions for the UK housing market transactions for the year to 31 January 2023 with comparatives for the same period to January 2022.

You will be aware of the recent increases in the Bank of England base rates which currently stands at 4%, up from an all-time low of 0.1% only just over a year ago. What you may not have realised yet is what effect this has on a non-corporate landlord’s tax position.

With the advent of higher interest rates, the restriction to claiming higher rate tax relief on mortgage interest is becoming increasingly important.

The Basis Period Reform, find out how this may affect you and your available options.

In this article, we look at the UK residential property transactions for the UK housing market transactions for the years 31 December 2021 and 2022 as reported by HMRC through Stamp Duty Land Tax (SDLT) reporting.

It may be clear to you that you are undertaking innovative and qualifying activities for R&D purposes, however, it needs to be presented to HMRC in a clear and understandable way to evidence that it meets the criteria for relief.

For VAT periods starting on or after 1 January 2023, HMRC has abolished the old surcharges and changed the way penalties are applied to late returns. Here is everything you need to know.

Did you know 16% of those who filed tax returns for the 2020–2021 tax year were 65 years of age and older?

Having complete business records in place allows you to answer any queries HM Revenue and Customs may have. But how long do you have to retain these records? The answer depends…

You want to invest, but you don’t know how much to invest, what to invest in or when to invest. In times like this, we turn to a business case.

In this article we look at the UK residential property transactions for the UK housing market transactions for the years 30 November 2021 and 2022 as reported by HMRC through Stamp Duty Land Tax (SDLT) reporting.

This is a question I’m often asked; in this video, I give my answer in relation to selling residential property and paying tax on the sale. 

Businesses with spare cash are increasingly helping out their employees with short-term loans, especially due to the cost of living increases. If you are thinking of doing so, here are the things you need to know.

Ballards will be working with Worcester Food Bank to provide emergency food parcels to people in the city.

The first step on a Digital Transformation journey is the most important. But ask yourself – How do I know which direction to take if I don’t know where to start? 

Have you heard of a Current State Assessment?

As an area that we specialise in, we paid particular attention to the R&D updates in the Autumn Statement.

Learn more about the key announcements impacting R&D Tax Relief Claims.

Having complete records in place allows you to answer any queries HM Revenue and Customs may have. But how long do you have to retain these records? The answer depends…

Businesses with spare cash are increasingly helping out their employees with short-term loans, especially due to the cost of living increases. If you are thinking of doing so, here are the things you need to know.

In this video, we share the 5 ways in which my clients are saving time and money using Cloud Accounting Software.

In this article we look at the UK residential property transactions for the UK housing market transactions for the years 31 October 2021 and 2022 as reported by HMRC through Stamp Duty Land Tax (SDLT) reporting.

When I start managing a new project, one of the first things I ask myself and the project team to consider is: “What could go wrong, and if it does how serious is it going to be ?”

There are various methodologies for managing risks, here are 5 steps which you may find useful when delivering large, complicated transformation projects.

Budgets are tightening, consumers are struggling, and you might be asking yourself if you can afford to be Green. Then throw into the mix, the dizzying array of choices or approaches and seemingly contradictory advice; doing the right thing can feel impossible. This article discusses a few ways in which you might encourage some industrially green shoots.

Are you an individual subject to income tax on the profits of your trade, profession, vocation, or property business? Making Tax Digital is coming in 2024, are you ready?

We want to share an experience where a company failed to implement modern technology, this in turn had implications on their business, reputation, and most likely potential profit.

As gas and electricity prices rise, an increasing number of people are turning to solar panels to try to cut costs. The question then arises – how can I do this most tax-efficiently?

In this article we look at the UK residential property transactions for the UK housing market transactions for the years 30 September 2021 and 2022 as reported by HMRC through Stamp Duty Land Tax (SDLT) reporting.

Bringing to you another misconception of R&D Tax Relief – the idea that a project must be successful to qualify. This is not the case…

When buying a car, you wouldn’t simply walk into a showroom and pay the price on the windscreen of the car without negotiating – so why would you do this when buying software or IT services ? Unfortunately, far too many times I hear of businesses doing exactly that.

In this article we look at the UK residential property transactions for the years to 31 August 2021 and 2022 as reported by HMRC through Stamp Duty Land Tax (SDLT) reporting.

Are you buying a van or a car? And why does it matter? When it comes to buying vehicles for use in the business, there is a big difference tax-wise between cars and commercial vehicles. Here’s why it matters..