What are the Inheritance Tax benefits of writing a life insurance policy in trust?
Inheritance Tax (IHT) remains a concern for many individuals seeking to preserve family wealth across generations.
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READ MOREWhat are the Inheritance Tax benefits of writing a life insurance policy in trust?
Welcome news for thousands as Income Tax reporting threshold set to increase
In a move to simplify tax compliance and boost the economy, the Government has announced that the Income Tax Self-Assessment (ITSA) reporting threshold will rise from £1,000 to £3,000.
The tax traps of director’s loans – How to avoid unnecessary charges
Director’s loans can be a useful way to access company funds, but if not managed properly, they can lead to unexpected tax liabilities.
Could a Family Investment Company help you manage tax and protect wealth?
For individuals and business owners looking to preserve wealth for future generations while maintaining control over their assets, Family Investment Companies (FICs) are an alternative option to trusts.
Planning your exit? Watch out for the BADR changes
If you are thinking about selling your business, timing could be everything. Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, helps business owners reduce their Capital Gains Tax (CGT) liability when selling qualifying assets. However, with adjustments to…
Paying your employees will cost you more after 6 April
From 6 April 2025, changes to employer National Insurance Contributions (NICs) will take effect, increasing payroll costs for many businesses. If you employ staff, it is advisable to prepare now for how these changes will impact you financially. Here are…
Why you need to meet with your accountant before April
As the end of the tax year approaches, it is a good time to review your personal tax position and ensure you are making the most of available allowances. Unlike company tax planning, which can take place throughout the year,…
Upcoming Inheritance Tax changes that could affect you
Upcoming changes to Inheritance Tax (IHT) will be phased in over the next two years. With property values rising and the IHT nil-rate thresholds remaining frozen until 2030, more estates will face unexpected tax bills if they fail to plan…
Time is running out to check for gaps in your State Pension!
If you have had career breaks, worked abroad, or earned below the National Insurance (NI) threshold, you could have gaps in your State Pension. HM Revenue & Customs (HMRC) extended the deadline for voluntary NI contributions (NIC) to 5 April…
Will Trump’s tariffs impact your business?
President Trump’s tariff proposals are creating uncertainty in global markets. While the UK has not been directly targeted yet, British businesses could still feel the impact of U.S. trade policies. Trump’s latest proposal to impose reciprocal tariffs on countries with…
Should you transfer investment property to a company? The tax benefits explained
If you own investment property, you may be wondering whether transferring it to a limited company is a smart financial move.
The power of strategic planning and why your business needs a roadmap
It would seem fairly straightforward to point out that running a business without a plan is a bit like setting off on a road trip without a map.
What counts towards minimum wage and what doesn’t? A must-read for employers
With the National Minimum Wage (NMW) increasing in April 2025, are you sure you are calculating it correctly?
Furnished Holiday Lets – Where are we now?
With significant changes to the Furnished Holiday Let (FHL) regime coming into effect in April 2025, owners of holiday rental properties face crucial decisions about their tax position and business structure.
What can businesses do amid rising employment costs and falling confidence?
The latest CIPD survey of over 2,000 UK employers paints a concerning picture.