Investment Schemes: Company and Investor Perspectives

At Egan Roberts we provide year round tax advice on income tax, capital gains tax, inheritance tax trust and estates and non-domiciliary tax issues. If you are interested in growing your business or making an investment, the below investment schemes may be available to you. Enterprise Investment Scheme (EIS) The company’s perspective An EIS raises…

HMRC Investigations: What to Expect

Whether you are the chief executive of a multi-million pound company or a small business owner, HMRC may open an investigation if they suspect false reporting or underpayment of tax. Triggers Reasons for you or your business drawing the attention of HMRC are: HMRC receives a tip-off  your business regularly receives payments in cash tax…

Excuses and Expense Claims: What not to Submit

At Egan Roberts Accountants based in Ribchester, Lancashire we can advise you as to whether your ‘excuses’ and expense claims are reasonable or whether they just won’t cut it with HMRC. We’ve shared with you below some of the recent claims submitted to HM Revenue and Customs (HMRC). Late Tax Return Excuses 1. I spilt…

Gift It or Keep It? The Capital Tax Implications

At Egan Roberts Accountants based in Ribchester, Lancashire we can provide you with year round tax advice on capital gains tax and inheritance tax. Capital Gains Tax (CGT) CGT is the tax payable on the ‘gain’ you have made from selling an asset which has increased in value. The gain (proceeds less cost) is reduced…

What worries do you have about a HMRC enquiry?

What is Tax Fee Protection Service? HMRC tax and VAT investigations can be daunting, disruptive and expensive. Egan Roberts Fee Protection will assist you every step of the way to answer HMRC’s questions and to demonstrate you are paying the correct amount of tax. This requires the expertise, time, flexibility and expense of your accountant on your behalf and…

What Accounting Records Should I Keep?

As Chartered Accountants and Financial Advisors based in Lancashire, a question we often get asked here at Egan Roberts is what accounting records we need in order to complete your year end accounts and tax returns. The most important thing is to be as organised as possible. Accounting software packages such as Xero make this…

Inheritance Tax: Residence Nil Rate Band (RNRB)

At Egan Roberts Chartered Accountants & Financial Advisors we offer estate planning services including the related tax advice. It is important we now think carefully about the residence nil rate band (RNRB) when estate planning. Please read on if you would like to find out more. What is the RNRB? The RNRB was introduced in…

Converting to an Academy

One of our specialisms at Egan Roberts is acting for academies, but have you ever wondered how it all starts?   There are two types of academy; single academies and multi-academy trusts. Firstly, to convert to a single academy the school’s latest Ofsted rating must be at least good, student’s attainment and progress must be high and…