The start of the new tax year means that shareholder/directors may want to review the salary and dividend mix for 2019/20.

Following the introduction of workplace pension in 2017, employers and employees are required to contribute to a pension scheme.

Changes to the contribution limits applied from 6^th April 2019, are you prepared?

Your business year end, not 5^th April, is relevant for capital allowances purposes. However, if you are running a business and making up accounts to 31^st March or 5^th April, you should consider buying plant and machinery to take advantage of the Annual Investment Allowance (AIA). Read more to find out how you could be entitled to tax relief.

When a barrister ceases trading, either through retirement, appointment or election to become a judge or a change in vocation or profession, the profits accessible in the final tax year (whether calculated under a Cash Basis or Earnings Basis) of practice will be those arising in the period beginning immediately after the end of the basis period for the preceding year and ending on the date of cessation.

In the latest in our series of articles on barrister accounts, we take a look at the different ways to handle your accounts when you are due to retire or choose stop trading as a barrister for any reason.