Limited Liability Partnerships

Local accountants and tax advisers, Trueman Brown, advice local businesses of the pros and cons of operating their business through a limited liability partnership. A limited liability partnership (LLP) is not a partnership but a body corporate with a difference...

NIC and company directors

Local accountants and tax advisers, Trueman Brown, have some advice for local businesses concerning the calculation of Class 1 National Insurance liabilities for directors. Special rules apply to company directors when it comes to calculating their Class 1 National...

SDLT Multiple Dwellings relief

Local accountants and tax advisers, Trueman Brown, warn landlords that you might be eligible for Multiple Dwellings Relief if more than one property is bought in a single deal. Multiple dwellings relief’ (MDR) allows a rate to be charged at the percentage payable on...

Tax relief on loans to close companies

Local accountants and tax advisers, Trueman Brown, advise local small business that tax relief is available if you have loaned money to your company. Family and personal companies are often ‘close’ companies. Broadly, this is one that is controlled by five or fewer...

Termination payments and National Insurance

Local accountants and tax advisers, Trueman Brown, advise local employers that Class 1A National Insurance needs to add to the calculation when deciding whether to terminate an employee’s employment. As the Coronavirus Job Retention Scheme comes to an end,...