Can you avoid the child benefit tax charge?

Child benefit starts to reduce if one of the parents earns more than £50,000.

Depending on your income and the level of pension contributions that you are already making, it may be possible to avoid the Child benefit tax charge by making additional pension contributions. Continue reading

What are changes to Annual Investment Allowances?

There are two welcome measures designed to stimulate business investment in plant and machinery.

We had a temporary “annual investment allowance” (AIA) of £250,000 due to expire on 31 December 2014 but this period has now been extended to 31 December 2015 after which the amount will reduce… Continue reading

After the Budget announcement, how much can be taken from a pension?

If you have a small pension… The small pension fund benefits allowance, known as Trivial Commutation, has increased from £18,000 to £30,000 from the 27th March 2014 for people aged 60 and over. In addition to the triviality rules, you … Continue reading

What do the Budget 2014 changes mean for tax avoidance schemes?

Bad news for all those taxpayers that are still happy to use promoted tax schemes to avoid tax. All schemes with a requirement to notify under the DOTAS regulations are to be counteracted under the General Anti-Abuse Rule (GAAR). This … Continue reading

What are the new ISA limits?

Excuse the pun, but the New ISA has certainly become nicer. First of all, the ISA limit has been increased to £15,000 from the 1st July 2014. In addition, there is no fixed or maximum amount that can make up … Continue reading

What are the increases in personal allowances?

The chancellor made a surprise announcement with a small unexpected give away. We had been expecting personal allowances to increase from £9,440 to £10,000 for 2014/15. It was announced that the allowance will be further increased to £10,500 for 2015/16 … Continue reading

How to fund an acquisition

Each acquisition is different but there are many ways to fund a transaction as long as the numbers from the financial due diligence stack up. Such sources may include leveraging the assets which you will be acquiring in the new … Continue reading

What are the personal tax allowances for under 65’s and over 65’s?

Under 65’s | £9,440 If you are running a business as a sole trader or partnership then your level of profit and other income will determine whether or not you are using the full allowance. However, but if your profits … Continue reading

What is the difference between due diligence and a financial audit?

An audit is a detailed review of historical financial data involving substantive and systematic testing to corroborate the figures presented in a set of statutory accounts. Financial due diligence on the other hand will look more in to the trends … Continue reading

What are the tax free benefits of a JISA?

A Junior Individual Savings Account (more commonly known as a JISA) is ‘wrapper’ that comes with several major tax advantages. The key advantages are… Continue reading

Do sports clubs have to register for VAT?

A sports club with business activities and turnover from standard-rated, reduced-rated and zero-rated supplies (including subscriptions) above current HMRC (“HM Revenue & Customs”) limits should register for VAT. Continue reading

HMRC own goal saves VAT for sports facilities

HMRC has announced a change in policy following the First Tier Tribunal (FTT) decision in the case of Goals Soccer Centres plc. This applies to all organisers of sports leagues and competitions where pitches and league / competition management services are being supplied. Continue reading

Sedulo advises on the acquisition of Just Search by Digital Next

Digital Next have announced the acquisition of Just Search, one of the founding members of the search industry. This represents a huge step forward for the firm and adds to already remarkable organic growth achieved throughout the UK, Australia and the US. Continue reading

January Successes

There were certainly no January blues as far as our team were concerned.

Here are our highlights from January… Continue reading

January top tweets

Take a look at some of our favourite tweets to come through the @sedulogroup Twitter account over the past month… Continue reading

Entrepreneur Focus – Andrew Mason

Andrew Mason is an American entrepreneur best known for being the brains behind daily deals website Groupon.

Read about him, his business exploits and some of his activities outside of business in our Entrepreneur Focus… Continue reading

Rob Johnson becomes ACCA qualified

We are delighted to congratulate Rob Johnson on becoming ACCA qualified after passing his final exams in December. Rob joined us in July 2012 after spending 3 years as an accountant at his previous place of work, and his qualification … Continue reading

Workplace pension or personal pension?

In short, workplace pensions have some beneficial aspects over personal pensions, however, you may not benefit from individual advice to ensure that achieve your personal goals. If you are self-employed then you will not have any workplace pension and so starting a personal pension plan is critical. Continue reading

Self assessment deadline; the stats & facts

With the 31st January self assessment tax return deadline looming, we pulled together an infographic with a few stats, facts and terrible excuses to paint a picture of how people approach HMRC’s annual cut-off date. Continue reading

Natalie Rabuszko joins our team

We are delighted to welcome Natalie Rabuszko as the first new member of our team in 2014. Natalie joins us as an Accounts Assistant after graduating from the University of Manchester with a Bsc (Hons) Biomedical Sciences degree. After realising … Continue reading

Simon+Simon fashion label team up with Sedulo

Simon+Simon, the new brainchild of former Henleys Clothing director and owner Simon Peters, has appointed our Managing Director, Paul Cheetham-Karcz, as a Finance Director for the brand. For a number of years we have worked with an array of fashion … Continue reading

Merry Christmas, from everyone at Sedulo

Self Assessment Tax Return Deadline

The 31 January 2014 filing deadline for personal self assessment tax returns is fast approaching. There are heavy penalties in place for late submission and these can very quickly mount up to £1,200. There is no longer any provision for … Continue reading

Auto-enrolment; at what cost?

UK organisations are facing £15.4 billion in set-up costs to meet the requirements of auto-enrolment legislation, according to research by independent economic consultancy Centre for Economic Business Research (CEBR) and commissioned by Creative Auto Enrolment. The Finding your way out … Continue reading

Elaine Cheetham-Karcz crowned Apprenticeship Supervisor of the Year

On the 7th November, our Payroll & Company Secretarial Manager Elaine Cheetham-Karcz was awarded the Supervisor of the Year Award at the annual Damar Training awards evening. Elaine, who acts as supervisor to all 6 of our apprentices, received the … Continue reading

November Successes

The year may be coming to an end, but our efforts certainly are not.

Here are our highlights from November… Continue reading

Chancellor’s Autumn Statement

George Osborne announced several new measures on taxation that will affect many taxpayers over the coming years. These are mixed with a little good news hidden in with measures to collect more tax and national insurance. We will have the … Continue reading

November top tweets

Congratulations Elaine Cheetham of @sedulogroup winning Supervisor of the Year at our @Apprenticeships awards — Damar Training (@DamarTraining) November 8, 2013 The impact of a UK capital gains tax on foreign-owned property is likely to be small… — Sedulo … Continue reading

Principal Private Residence Relief

In addition to the Let Property Campaign we covered last month, HMRC have been pursuing a number of cases through the courts in connection with claims to “Principal Private Residence Relief” (PPR). HMRC have had a lot of success in … Continue reading

Deansgate Locks office expansion

Due to the rapid growth of Sedulo Wealth Management, we have expanded our office space by taking a third floor at our head office based at Lock 90, Deansgate Locks in Manchester city centre. As well as our Wealth Management … Continue reading