WORK YOUR WAY: Our dog is part of the team! Advising on strategic acquisitions is all par for the course for Steve and Carla Holmes of Dow Schofield Watts in Reading but lockdown saw them make a key acquisition of their own with a furry four-legged friend joining them. Summer, a golden Labrador, is now … Continued
What is a career in professional services like? A Q&A with DSW’s Young Professionals A few weeks ago, in a canal-side bar in Deansgate, we gathered our new starters and a group of Northwest young professionals for a relaxed networking session over after-work drinks. Not only was it an excellent opportunity to introduce our employees … Continued
Funding an employee ownership trust: DSW offers capital for advisory firms planning a buy-out Are you a professional services business considering an employee buy-out? Perhaps you are a founder or shareholder of the firm who is now seeking an exit? If so, Dow Schofield Watts may be able to help you fund the deal – … Continued
Glasgow launch is second new office in weeks for Dow Schofield Watts Dow Schofield Watts has opened a new office in Glasgow as it continues to build its presence in Scotland. It is the second new location within weeks for the firm, which opened an office in Edinburgh in April and which has an existing … Continued
£2m grant fund aims to attract professional services teams Dow Schofield Watts has earmarked £2m in grant funding to attract professional services teams as it seeks to expand its UK footprint. The Dow Schofield Watts Entrepreneurship Grant scheme will be open to ‘break-out teams’ from top-tier firms who want to set up their own business … Continued
Tax specialist joins Dow Schofield Watts to launch new service Dow Schofield Watts has expanded its services with the launch of a new tax consultancy arm. DSW Tax Advisory will be led by Dave Waddington, who joins from Haines Watts in Liverpool where he was tax partner. A qualified accountant and former head of finance … Continued
Plant and machinery allowances may be given where a person carrying on a qualifying activity incurs qualifying expenditure. By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Qualifying activities are: A trade A property business (UK or overseas) A furnished holiday lettings business (UK or within the European Economic Area) A profession or vocation An employment or office … Continued
By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Introduction to MBO’s and Corporate Tax Issues Several new companies may have been incorporated and /or acquired as a result of a management buy-out (MBO). It is important that the directors of the new group are aware of the tax matters which may need to be … Continued
By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Demergers Groups may want to split out their activities for many different reasons. There may be conflicting interests between shareholders, legal reasons to separate a trade out from the rest of the group with corporate protection, or it may be the only way for a … Continued
Transferring Shares in Family Company to Spouse – Gift or Sale? By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Owning your company jointly with your spouse is standard planning where one of you pays tax at a higher rate than the other (or one of you pays no tax at all). The idea … Continued
As a director, the company may pay for personal expenses from time to time. You can clear the debt by repaying it or get the company to write it off. Does it matter how and when you do this? By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Over £10,000? Your company card has … Continued
Selling Your Main Residence and Capital Gains Tax An update from DSW Tax Consultant Simon Denye If you make a financial gain from selling your home, it is NORMALLY exempt from capital gains tax (CGT) because of private residence relief (PRR). However, this is not necessarily the case if you have not lived at the … Continued
Independent advisory firm Dow Schofield Watts has expanded its services with the launch of a new tax consultancy arm. DSW Tax Consulting will be led by Simon Denye who has over 21 years’ experience as a tax specialist with firms including PwC and KPMG and most recently as Tax Director at CLB Coopers. It will … Continued