A discretionary trust is a trust which gives you maximum control over the income and capital held. It is the trustee’s decision whether the beneficiaries receive any distributions and therefore income and capital is only released at the discretion of the trustees – the beneficiaries are not entitled to receive anything.
18th June 2023
As Simon embarks on his 18th year as Partner at Thompson Jenner we take a look back at his career to date.
18th May 2023
If you want your business to work smarter and faster, adopting cloud accounting is a wise choice to make. It’s now standard to utilise the power of cloud computing to help your business manage financial transactions and data online.
9th May 2023
We are pleased to launch this year’s tax card, which summarises many of the rates and allowances fundamental to our business and personal lives.
27th April 2023
Are you looking to grow your business and reward employees in a tax-efficient way? If so, Enterprise Management Incentive (EMI) schemes could be the answer.
29th March 2023
Geoff Fraser, Head of Taxation at Thompson Jenner outlined the key announcements from the Chancellor's Spring Budget.
16th March 2023
For limited companies receiving funding through Innovate UK, grants are essential to the success of your research.
15th March 2023
From 1 January 2023, HMRC has introduced a new penalty regime for VAT returns that are submitted late and it applies to all VAT returns, even if it is a nil return or a return that claims a repayment from HMRC.
14th March 2023
Have you checked your National Insurance Contributions record recently? Until 31 July 2023, the option exists to top up any missing or incomplete National Insurance Contributions all the way back to tax year 2006/07.
10th March 2023
The British Chambers of Commerce (BCC) has urged Chancellor Jeremy Hunt to use the upcoming Spring Budget to help ease cost pressures on small businesses.
24th February 2023
Please note, Thompson Jenner will be closed for Christmas from 5:15pm on 22nd December, opening again for the new year on 2nd January.
