United Kingdom
Our latest newsletter has a slightly international feel, with Michelle Seat examining the tax treatment of businesses operating through Singapore LLPs, whilst Nick Benge has given us a very personal view of advising clients in the United Arab Emirates.
We have seen too many firms that have suffered as a result of the global economic downturn. Steve Billot and Ashwin Shah of our business restructuring group take a look back over the last 18 months and how professional service firms have been affected.
Finally, Karen Hine takes a detailed look at the changes to the restriction of tax relief on pension contributions enacted by the 2009 Finance Act. As they say the devil is in the detail.
Offering the limited liability benefits of companies, coupled with the flexibility of a partnership.
It is not easy giving definitive advice to service businesses in the United Arab Emirates.
Although the Finance Act 2009 contained a few welcome changes to the new pensions regime announced in the April Budget, it still represents a major restriction on the ability of higher earners to obtain higher tax relief on pension contributions.
Over the last 18 months we have seen increasing numbers of troubled professional service firms approaching us to advise on issues facing their business.
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