Explaining Companies House ID verification
We have completed our ACSP registration and are now authorised to carry out Companies House–compliant identity verifications on behalf of our clients.
Why a shareholders’ agreement is important – revisited!
A shareholder’s agreement is a set of rules and conditions that affect a running of a company. Basically if you have a company with more than one shareholder, then this document is absolutely necessary to preserve the company and its relationships with the shareholder and directors, where you have external stewards running the company for you.
Striking off vs liquidation
Striking off vs liquidation: which is right for the client?
Electric & Low Emission Company Cars and Salary sacrifice
I have often advised my clients on tax advantages of leasing electric and low emission company cars for their directors and key employees, without reference to actual legislation.
The legislation was in Finance Act 2017, Schedule 2. This amended ITEPA 2003, Section 121A.
Spring Budget 2024 – Non-UK domiciled tax status abolished
In the The Spring Budget 2024 Non-UK domiciled tax status was abolished from 6th April 2025
Spring Budget 2024 – Key Announcements
Chancellor Jeremy Hunt positioned worker and parental tax cuts at the core of his Spring Budget 2024 in a move to bolster the economy.
Changes to UK company law – from 4 March 2024
Changes to UK company law under the Economic Crime and Corporate Transparency Act will be rolled out over the next few years. The first set of measures will take effect from 4 March 2024.
Accountants are struggling to work with HMRC
Accountants are struggling to work with HMRC at even the most basic level and are calling for urgent improvements
Conditions for incorporation relief
There still seems a lot of confusion over what constitutes a business for tax purposes and what will qualify for Incorporation relief. Many qualified accountants are still giving wrong tax advice!
A ‘company’ includes any body corporate, unincorporated association or unit trust scheme but does not include a partnership or a limited liability partnership.
The taxman’s dodgy data
Over the years of JMS Accounting operation, we have dealt with many data issues in relation to HMRC. When HMRC get things wrong they cause stress and waste large amounts of time for both our practice and our clients. Clients will often not understand that HMRC are at fault and our practice wastes many man-hours resolving mistakes by HMRC.
It was some comfort to our practice to read this article in the Spectator that highlighted the extensive data problems problems at HMRC. It doesn’t solve the issues, but it helps to understand the issues that our practice has to deal with were not just experienced by us but many businesses.