Watson Knipe Blog

When it comes to providing expert tax advice with a personal touch, Haidee Watson stands out. As the Personal Tax Director at Watson Knipe, Haidee combines extensive experience with a deep understanding of her client’s needs to offer tailored solutions. Here’s a closer look at Haidee’s journey and her approach to helping businesses and individuals with their taxation needs.

Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’.

Billions in tax rises

Ms Reeves said the Budget will raise £40 billion in taxes. Employers’ National Insurance contributions (NICs) will be increased from next April while Capital Gains Tax rates will also rise.

The past few years have been very challenging for all businesses due to the ever-shifting economic landscape. Economic conditions have fluctuated and unexpected factors have meant that it’s been difficult for businesses to grow. In such an environment, simply reacting to change is not enough.

At Watson Knipe in Ravenshead, Dawn plays an invaluable role as a dedicated and skilled bookkeeper. With her expertise in bookkeeping and VAT support, she has become an integral part of the team, ensuring that clients remain informed about their corporation tax liabilities and managing various financial tasks with precision.

The Renters' Rights Bill 2024 is designed to improve the private rental market in England by addressing key issues for both tenants and landlords. It aims to transform the current system, making renting more secure and fair. Here's a breakdown of the most relevant provisions of the Bill for landlords and property investors.

Starting a business is a thrilling and challenging journey, full of potential and possibility. However, it can also be fraught with financial risks and uncertainties. For any start-up, getting the financials right from the outset is crucial for long-term success.

Jane Wilson plays a vital role at Watson Knipe Accountants, focusing on Payroll and Construction Industry Scheme (CIS) services. With nearly two decades of payroll experience, she brings significant expertise from her previous role at a UK-based international company.

Expatriate taxation is a complex area that requires expert guidance, particularly for those who live or work abroad but still have tax obligations in the UK. We specialise in providing comprehensive advice and support to expatriates, ensuring they remain compliant with UK tax laws while maximising their financial position.

The latest UK Rental Market Report for Q2 2024 presents vital information for landlords and property investors, particularly in Nottingham and the wider Midlands region. As the rental market continues to evolve, understanding these trends can help optimise investment strategies and manage portfolios more effectively.

At Watson Knipe, we pride ourselves on our dedicated team, and one such valued member is Hollie Pritchett. Hollie is an AAT-qualified accountant who joined our firm through an apprenticeship program over 14 years ago. Since then, she has gained a wealth of experience in corporate and self-employed accounts, bookkeeping, and VAT returns.

We work with many landlords and property investors and advise them on the financial aspects of their property portfolios. One question we are often asked is what the benefits of setting up a Special Purpose Vehicle (SPV) are as opposed to managing their properties through personal ownership.

If you're a sole trader or a small business owner who must submit a self-assessment tax return each year, this guide will help you navigate the process and manage your tax payments effectively.

Louise Warden is a key team member; she joined us in 2017. Louise, a qualified accountant with AAT qualifications, plays a vital role in supporting clients with self-assessment tax returns and other accounting needs.

Employers use the P11D form to report details of expenses and benefits paid to employees or directors as part of their employment, which are not included in their wages or salaries and are not subject to PAYE tax deductions.

Management accounts are financial reports business owners and directors use internally to make informed business decisions.

Welcome to our latest blog post, highlighting the dedicated professionals who make Watson Knipe an exceptional accountancy firm. This month, we’re delighted to introduce Sarah Shadbolt, a Certified Chartered Accountant with over two decades of experience.

The VAT Domestic Reverse Charge was introduced in March 2021. It must be used for most supplies of building and construction services. If you are within the Construction Industry Scheme, it's important to understand how this works.

We have written about company structure before, but we believe this is a very important topic. The benefits of being a sole trader vs. setting up a Limited Company do need to be reviewed occasionally by business owners, especially with all the changes we have had recently with corporation tax.

The 2024 Spring Budget announced changes to the High Income Child Benefit Charge (HICBC). We wanted to write more about this to help you understand how it works, as there are many misconceptions about it.

This is a summary of the UK Rental Report produced by Hometrack in March 2024. Some key headlines below are useful for landlords and property investors.

The new tax year started on 6 April 2024; this is a good time for businesses to prepare for the year ahead. Several changes were announced in the Spring Budget, which you need to consider.