WSM Blog

The Wrong Side of the Right Curve

As Britain grinds its way out of a near triple-dip recession, most analysis has focused on the use of monetary policy and quantitative easing (QE) as a means of economic stimulant, rather than the effects of fiscal policy on economic recovery. Eyes will be on Mark Carney, the new Governor of the Bank of England, as he puts an end to Britain’s ever expanding QE stimulus. 

Business Clients, Private Clients

The Impact of “Tax Shaming”

The Dolce and Gabbana case highlighted the recent crackdown on tax evasion schemes and the subsequent negative publicity attached to it.  It has also exposed a number of companies with complicated tax structures who have successfully managed to ‘avoid’ paying tax over a number of years.  

Business Clients, Private Clients

New company? New business? Where do I start?

Starting a new company or starting to provide goods or services in a new jurisdiction, if you are setting up in the UK from overseas, is a daunting prospect. Whether you have £2,000 or £2 million to invest in your start-up you can still be faced with the problem of where to start and who to go to first for help.

Business Clients

Staying on the hobby horse

Sometimes it is a good idea to stay on a hobby horse – this one has brought in over one million pounds in cash for our clients! 

Business Clients

There’s no such thing as a tax haven!

Yesterday, news of Domenico Dolce and Stefano Gabbana’s crimes rocked the fashion world: the famous duo have each been sentenced to one year and eight months in prison by the Italian Supreme court and were fined just under half a billion euros between them. The Internal Revenue Service has, independently of the courts, fined the pair €343m and their accountant has been sentenced to two years imprisonment. 

Business Clients, Private Clients

Real Time Information: Is it Working?

This April saw the introduction of the biggest overhaul to the Pay As You Earn (PAYE) system of income tax since its introduction nearly 70 years ago.  In simple terms, employers are no longer able to wait until the end of the year before telling the taxman how much they have paid their staff, but must do so whenever a payment is made. 

Business Clients, Private Clients

“Accountants must help tax avoiders”

I can't help but feel conflicted after hearing the results of the Mehjoo case last week...

On the one hand, we have HMRC heavily cracking down on tax avoidance; and on the other, a High Court judge is ruling that practitioners have a duty to advise their clients how to avoid tax...

Business Clients, Private Clients

Levelling the playing field for LLPs and individuals

Along with the introduction of the GAAR and in yet another attempt to tackle tax avoidance, the government is currently discussing changes to the Finance Bill and National Insurance Contributions Bill for April 2014. This latest proposal is aimed at aligning the taxation of members within partnerships, including LLPs, with other taxpaying individuals.

Business Clients, Private Clients

HMRC Targets Buy-to-Let Landlords

HMRC is cracking down on buy-to-let landlords who are not paying their taxes.

Private Clients, Property

Merton Best Business Awards 2013

Have you considered entering your business into the 2013 Merton Best Business Awards? We think you should...

Business Clients