Dive into the world of taxes specifically tailored for Owner Managed Businesses.
As an OMB, you face unique challenges and opportunities when it comes to navigating the complex tax landscape. Our goal is to provide you with valuable insights and expert guidance to optimise your tax position and maximise your financial success.
Through our newsletter, we will keep you updated on the latest tax developments, providing you with easy-to-understand explanations and actionable tips.
Should you have any questions, please do not hesitate to contact us. We hope you find our newsletter interesting and informative; please do feel free to forward to anyone you think would find it useful.
Spotlight on
Tax Planning Guide
With the end of the tax year approaching, reviewing your position early can help ensure key reliefs and allowances are not overlooked and that your arrangements remain aligned with your wider financial plans.
This interactive guide outlines key tax planning points and practical considerations for private individuals and business owners, both ahead of the year-end and as part of longer-term tax and financial planning strategies.
Personal circumstances vary, so this guide should be treated as a starting point. If you would like further information, please get in touch with one of our dedicated advisers.
Private Client
Valuations of assets and the IHT consequences
The planned reduction in inheritance tax (IHT) relief is likely to result in more stringent scrutiny of valuations for probate under the new rules.
Tax-efficient profit extraction for a trading company
Tax Advisor Paul Clough explores a smarter way for business owners to extract those profits without triggering high personal tax or risking key reliefs.
Corporate Tax
Review your loans for unallowable purpose
The ‘unallowable purpose test’ in s441-442 of the Corporation Tax Act 2009 (CTA 09), is a key anti-avoidance provision in the UK’s loan relationship rules. he test operates to restrict relief for loan relationship debits for corporation tax purposes, including when obtaining such relief is a main purpose of the underlying loan relationship.
MHA and Women in Tax Panel
On 2nd October, MHA and Women in Tax hosted “What the Tech?! AI in Tax”, a panel event exploring AI’s impact on the tax profession. Experts from MHA, Crowe, and LexisNexis shared insights into current applications, emerging trends, and the evolving role of tax professionals in a tech-enabled world.
VAT
VAT consequences of trading in goods in the EU
Following the UK’s departure from the EU, EU VAT rules ceased to have direct effect in most of the UK as of 1st January 2021, following the end of the transition period.
What global businesses need to know
Our recent webinar underscored that e-invoicing is no longer a future consideration but an imminent compliance and operational priority across Europe.
Human Capital
What’s coming up for 2026 and how to prepare
There are several employment law changes on the horizon for 2026: NMW, Increases to Statutory Payments and the Employment Rights Bill.
NI for Internationally Mobile Employees
In September HMRC published new guidance confirming the UK National Insurance (NIC) position for internationally mobile employees.
CONTACT US
If there is anything that you would like to discuss further, please do not hesitate to get in touch with your local office or email webenquiries@mha.co.uk.
