National Insurance

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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We are proud to introduce the new Rothmans Tax App

At Rothmans, we are committed to providing you with all the information you require, in an easy to understand format. Designed to help you with your daily business and personal tasks, our Tax App features a range of useful tools and valuable tax content, including: key tax dates interactive tax calculators tax tips mileage tracker expenses tracker access to cloud accounting portals and much more! Available for Apple, Android and Windows devices, all content will be regularly updated to ensure you always have the answers you ne...

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BBC radio listeners put some ‘taxing’ questions to Julian Sims

BBC Radio listeners put some ‘Taxing’ Questions to Rothmans Tax Partner

What’s worrying you in the Tax world? In April, Rothmans Tax Partner joined host Sasha Twining on BBC Radio Solent’s ‘Ask the Expert’ slot to help listeners with their tax and accounting questions. The questions raised covered a wide range of concerns from individuals and business owners, including: Q. I have US royalties from a pop song, I was involved in; can I reclaim the withholding tax deducted in the US? A. You need to deal with the proper paperwork in the country the payment originates and may need to get a Certifica...

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Inheritance Tax (IHT) Planning

IHT is charged on a person's estate when they die and on certain gifts made during their lifetime. The rate of tax on death is 40% and 20% on lifetime chargeable transfers. The first £325,000 is not chargeable. This exemption is known as the nil rate band. Most gifts made more than seven years before death will escape tax. Therefore, if you plan in advance, gifts can be made tax-free. The result can be a substantial tax saving. We give guidance below on some of the main opportunities for minimising the impact of the tax. Estate Pla...

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