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Corporation Tax - Update
Corporation tax rates are as follows: Financial year from 1 April 2018 1 April 2019 1 April 2020 Corporation tax rate 19% 19% 17% Annual Investment Allowance (AIA) The AIA will be temporarily increased from £200,000 to £1m. This change will have an effect in relation to qualifying expenditure incurred from 1 January 2019 to 31 December 2020. Capital allowances – special rate pool The rate of writing down allowance on the special rate pool of plant and machinery will be...
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Looking to sell your business – or planning for its succession?
This week, the largest gathering of employee owned businesses in the UK will head for the flagship conference held by the Employee Ownership Association, now in its 13thyear. So is employee ownership the right next move to keep your business successful if you’re thinking of planning for its (and your) future? An increasing number of business owners and founders seem to think so. The sector has been growing annually at a rate of 10%, with employee ownership now contributing approximately 4% of GDP annually to the UK economy, representing...
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Local businesses get insight into the impact of the last Budget before Brexit
Local businesses from all over the South have been given an insight into the impact of changes announced in the final pre-Brexit Budget at a free seminar held by Rothmans, one of the largest chartered accountancy firms in the region. The guest speaker for the event was tax expert, Giles Mooney, who is renowned on the speaking circuit for being both entertaining and highly informative. The packed audience of delegates was also given the opportunity to ask questions and network following the presentation. Budget in Brief Major poin...
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Autumn Budget Report 2018
This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business. With the UK set to leave the European Union in March 2019, Chancellor Phillip Hammond announced an early Autumn Budget, in a bid to avoid a clash with the final stages of Brexit negotiations. Throughout this guide we have included tips and ideas to assist you with effective tax and financial planning. We...
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What will the last budget before Brexit mean for your business?
Rothmans, one of the South of England’s longest-established and largest Chartered Accountancy practices, is to host a free Budget Seminar for businesses on 1stNovember following the Chancellor’s Budget speech on Monday 29thOctober. Guest speaker at the seminar being held at the Ageas Bowl, Southampton, will be Giles Mooney, a Chartered Accountant and Chartered Tax Advisor who has been involved in UK tax training for many years. Giles’ seminars are renowned for being both highly informative and entertaining. He also presents acros...
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Rothmans staff enjoy the Caribbean on the Solent!
Over 100 Rothmans staff set sail for a wonderful Caribbean-themed boat party around the Solent on Saturday 1st September. As well as giving us all a great opportunity to catch up with colleagues from each of our Rothmans offices, we enjoyed a delicious Caribbean feast and tropical refreshments as well as a themed photo booth and suitably piratical entertainment! Tunes from the DJ soon got the dancing and singing going, all to the backdrop of a spectacular sunset on our 4-hour round trip taking in Gosport, Portsmouth and Cowes. Partner,...
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