Donald Reid Group

Maximising Entrepreneurs' relief

Entrepreneurs’ relief is a capital gains tax (CGT) relief available to taxpayers who make a qualifying business disposal i.e. essentially selling or giving away their businesses after 6 April 2008.  

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DRG achieves Xero Gold Partner status

DRG is now a Gold Champion Partner of Xero, the cloud-based accounting software designed for SMEs. This is a reflection on DRG’s expertise in using the software with numerous clients across a broad range of industrial sectors.  

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New Corporate Criminal Offences Rules

From 30 September 2017, businesses (corporations and partnerships) will be deemed to have facilitated in tax evasion by their associates if these businesses fail to put in place reasonable steps to prevent such actions.  

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Childcare schemes

The government is rolling out the new Tax-Free Childcare scheme during 2017, starting with parents of the youngest children. The scheme is worth a maximum of £2,000 per child (£4,000 for a disabled child).  

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Making Tax Digital

Making Tax Digital is a key part of the government’s plans to modernise the tax system - and signals the end of the annual return for millions of people. 

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