Newsroom
What we’re seeing across our clients.
Commentary, briefings and case studies from the Mercian team — what’s hitting our inbox, what HMRC is asking, and what owners are doing about it.
Emergency Mini-Budget 2022 – Key Highlights
This morning (Friday 23rd September), Chancellor Kwarteng unveiled his ambitious new “Growth Plan” to tackle inflation, support businesses, and help households. He’s aiming for a 2.5% trend of growth, and key highlights are: Corporation Tax remains at 19%, with the planned rise cancelled Basic rate Income Tax will be cut to 19% in April 2023…
Read More1 in 5 Landlords to Sell Buy-to-Let Property – Find Out How
Rising mortgages and falling property prices are set to push up to 20% of landlords into selling their buy-to-lets – especially smaller landlords with only one or two properties. The cost-of-living crisis is also making repairs and maintenance fees unaffordable, increasing insurance premiums, and casting doubt on whether tenants will be able to pay rent.…
Read MoreHave You Registered Your Trust with HMRC?
The 1st September 2022 deadline for Trust registration has been and gone – and only 61,700 of one million non-taxable UK trusts had registered in the first six months of 2022. Those who failed to register could face penalties of up to £5,000. These figures suggest that many trustees are still unaware of their obligations…
Read MoreShould I Register for Child Benefit as a High Earner?
Have you registered for Child Benefit? If you’re a high-earning parent or carer you may not see the point in claiming, due to the High-Income Child Benefit Charge (HICBC). However, registering for Child Benefit has a hidden advantage, even if you pay the HICBC. If you’re looking after children at home, and aren’t paying National…
Read MoreInheritance Tax Bills at Record High
Introduction Recent data from the Treasury has revealed that Inheritance Tax (IHT) bills are rising to record levels – with experts warning that more grieving families are being “dragged” into paying the levy. In 2021-22, HMRC received a massive £6.1 billion of IHT – the tax paid when a person passes away – which represents…
Read MoreLandlord Conference at Stone Manor Hotel 29th June 2022
About this event All Landlords & Property Investors are invited to our first ‘Live’ Conference in over 3 years! Special Guest Speaker: Paul Shamplina, Founder of Landlord Action, Chief Commercial Officer Hamilton Fraser & presenter of Channel 5’s “Nightmare Tenants, Slum Landlords” popular TV programme. Paul will be providing a legal update and covering…
Read MoreLandlords Self Assessment Presentation
Our partner Graham Loosley presenting on Nock Deighton’s Webinar for Landlords & Property Investors.
Read MoreDividends and salaries for 2022/23
Office Holders and Minimum Wage Under HMRC’s rules, ‘office holders’ (ie. people who hold a position at a company but don’t have a contract, or receive regular salary payments) aren’t subject to the National Minimum Wage Regulations unless there‘s a contract of employment in place. A low salary can be paid which means you do…
Read MoreA simple guide to the Spring Statement 2022
This is a basic guide, prepared for our clients. It’s an introduction only and should not be used as a definitive guide since individual circumstances may vary. Specific advice should be obtained, where necessary. The headline message from the Chancellor was future tax cuts to support families with the cost of living. Rates and allowances…
Read MoreReady for 5th April 2022? Top tax tips
Spring is coming, and the end of the 2021/22 tax year is under a month away, on Tuesday 5th April. Now is the time to consider tax planning opportunities and ensure you use all the annual tax allowances and exemptions available to you. We have broken this guide into helpful sections: Income tax Capital Gains…
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