The issue Most businesses start from humble beginnings and one of the (less exciting) decisions a budding entrepreneur will face is whether to start their business as a sole trader/partnership or within a company structure. There are a number of commercial and tax reasons why one or the other may be favoured. However, this tax…
Read MoreThe issue Enterprise Management Incentive (EMI) option schemes are well known as a tax-efficient incentivisation tool for management. If implemented correctly, an employee can end up being taxed on option scheme profits at capital gains tax rates, rather than income tax rates. Furthermore, following the 2013 Finance Act, in most cases any option gains can…
Read MoreThe issue As we continue to delve into the detail of the furlough scheme we are noticing more and more seemingly strange rules. One such rule is that a furloughed employee is still allowed to work for another employer and this has been unambiguously confirmed in the guidance. Example John earns £37,500 a year working…
Read MoreWe have received many queries from clients in relation to the Covid-19 financial help which is available. We thought that it would be useful to incorporate these queries (and their answers) into two case studies which we set out below: Question 1 Arthur and Jane, a married couple, own and operate XYZ Ltd, which is…
Read MoreThe issue The question of whether (shareholder) directors of their own companies can ‘furlough’ themselves is still subject to some ambiguity. In simple terms many director shareholders want to know where they stand in relation to the Coronavirus Job Retention Scheme (CJRS). Currently, two schemes have been launched by the government to help businesses and…
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Forbes Dawson Tax Bite – Some employees may end up better off from the furlough scheme
Forbes Dawson Tax Bite – Top Coronavirus business questions
Forbes Dawson Tax Bite – Entrepreneurs’ relief when an EMI option holder leaves
Forbes Dawson Tax Bite: What exactly will Sajid Javid do with Entrepreneurs’ Relief?
Toyah and Nicholas were brilliant in sorting the MVL out for one of my clients. They kept me updated all the way through the process, and the client was delighted with how easily it all went through. I have since referred another case to Clarke Bell – it is very reassuring to know that we are in such safe hands. Many thanks. Martyn
Martyn Thacker
Clarke Bell Ltd were excellent with every aspect of our Members Voluntary Liquidation and in particular they were great value for money. Our contact, Nicholas was extremely professional, most thorough and reached all deadlines to our total satisfaction.
Steve Dawson
Clarke Bell were very good to deal with during the closure of a business I worked for. Although the closure of the business was complicated and slow, Clarke Bell kept me up to date on everything happening and were very helpful. I would highly recommend them.