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Shadow

Professional Practices briefing

The first Budget of a new government often sets the tone of developments in tax legislation for the next four to five year period. This time we have the interplay of coalition partners to interpret as well. In tackling the nation’s deficit the Chancellor has announced substantial spending cuts, but the detail will follow in the autumn. On tax measures the main impact across the population will be the VAT increase. The Capital Gains Tax (CGT) rate change will affect some partners adversely, whilst the prospect of higher rate tax relief on some level of pension contributions from 6 April 2011 will be welcome by many.

To read the full briefing, click here.

We understand the challenges and opportunities facing professional practices

From large partnerships, LLPs and corporate practices, to smaller partnerships and sole practitioners we provide perceptive insight into the professions.

Our Professional Practices Group is a dedicated team offering clients a partner-led service giving them the assurance that their work will be dealt with by an exceptionally experienced specialist. The Group works with our clients to help ease the burden of compliance and to draw upon their strengths.

When seeking our advice, our professional practice clients, which include the largest firms in three professions, are able to benefit from:

For more information, you can contact Louis Baker, by email on louis.baker@horwath.co.uk or by telephone on 020 7842 7161.