Could Employee Ownership Trusts be a smart way to sell your business and protect its future?
Feb 04, 2025
For business owners thinking about succession, finding the right exit strategy can be a challenge. Selling to a competitor might mean job losses, while a management buyout (MBO) is not always financially feasible. However, another option available is the use of Employee ...
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Is your payroll system prepared for changes in the upcoming tax year?
Jan 30, 2025
We are getting ever closer to the 2025/26 tax year, when changes to payroll regulations announced last year will come into effect. Employers need to stay informed and adjust their payroll systems accordingly to ensure compliance. New National Minimum Wage rates Effective from ...
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Mind the gaps – How National Insurance credits can protect your future
Jan 28, 2025
For many, National Insurance (NI) contributions might seem like it is working away in the background, quietly building up a record throughout your working life. However, even if you have worked consistently, gaps in your NI record can still arise, sometimes ...
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How to minimise Inheritance Tax liability amidst rising tax receipts
Jan 23, 2025
Inheritance Tax (IHT) receipts are climbing, with the first three quarters of the 2024/25 financial year bringing in £6.3 billion – an 11 per cent increase compared to £5.7 billion during the same period last year. December receipts alone hit £620 ...
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Will the minimum wage rise push graduate workers into unexpected student loan repayments?
Jan 21, 2025
The upcoming rise in the National Minimum Wage to £12.21 per hour from April has prompted fresh challenges for businesses, especially when managing graduate employees in non-graduate roles. While the increase boosts take-home pay, it also introduces an overlooked financial consideration ...
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How tax wrappers can mitigate the impact of rising Capital Gains Tax
Jan 16, 2025
The Autumn Budget brought unwelcome news for investors, with the Government announcing immediate increases to Capital Gains Tax (CGT) rates. As of 30 October 2024, the rates have risen from 10 per cent to 18 per cent for basic rate taxpayers ...
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Charging company electric vehicles – Costs, reimbursements, and tax implications
Jan 14, 2025
With the rise of electric vehicles (EVs), many company directors and employees charge their cars at home. If you have a company-provided EV and charge it at home, you need to determine the cost of the electricity used for business purposes. ...
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Is your business environmentally sustainable? Why going green can improve your bottom line
Jan 09, 2025
For business owners, sustainability might have been something viewed as a nice-to-have or a PR exercise in the past, but because the regulatory landscape is changing fast, businesses that do not get ahead of these changes risk being left behind. Businesses, ...
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What does the abolition of the FHL tax regime mean for your BADR eligibility?
Dec 13, 2024
With the planned abolition of the Furnished Holiday Let (FHL) tax regime in April 2025, owners of FHL properties are facing changes to how their properties are taxed. So, what are these changes and what will the implications be for claiming ...
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Are you prepared to spot scams this Self-Assessment season?
Dec 10, 2024
We are getting ever closer to 31 January 2025 and the Self-Assessment tax return deadline, so businesses and individuals are being urged to stay vigilant against a surge in tax-related scams. HM Revenue and Customs (HMRC) has reported a rise in ...
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