It is the world’s worst-kept secret at this point, but if you have not already heard, the Budget is approaching and is likely to be “painful”. Tax hikes are almost inevitable, and Inheritance Tax (IHT) and Capital Gains Tax (CGT) look ...
READ MOREThe deadline for voluntary National Insurance (NI) contributions is fast approaching, leaving you with little time to fill gaps in your NI record to maximise your state pension. HM Revenue & Customs (HMRC) has reminded taxpayers that the window to fill ...
READ MORELifetime ISAs (LISAs) have become a popular way to save for a first home or retirement, offering a 25 per cent Government bonus on contributions. However, if you withdraw money for anything other than these specific purposes, you could face penalties ...
READ MOREThe upcoming Budget could see a rise in Capital Gains tax (CGT) rates so that they align with Income Tax rates. This rumour has led to many business owners considering the sale of their business before they are subject to these ...
READ MOREPAYE Settlement Agreements (PSAs) are a convenient tool for employers, allowing them to cover the tax and National Insurance contributions (NICs) on specific benefits provided to employees. These agreements simplify settling tax liabilities on minor, irregular, or impractical expenses and benefits, ...
READ MOREOptimism is on the rise among small and medium-sized enterprises (SMEs) for the third consecutive year. According to recent research from banking firm American Express, nearly seven in 10 business leaders are feeling confident about the future of their companies, a ...
READ MORESustainability has become a core part of how businesses are expected to operate, whether we like it or not. You might think that all the talk about environmental, social, and governance (ESG) issues is only relevant to big corporations or public ...
READ MOREIn our latest blog, we continue our look ahead to the 2024 Autumn Budget and how it could affect taxpayers. Today, we turn our attention to Inheritance Tax (IHT) and explore the potential changes that might arise from the Chancellor’s announcements. IHT ...
READ MOREThe burden on small and medium-sized enterprises (SMEs) is already quite heavy due to the current economic climate, but it may worsen in the coming months, with potential changes to Capital Gains Tax (CGT) being considered in the October Budget. If ...
READ MOREEffective expense management is key to driving profitability in any business. Whether you're a small start-up or an established company, keeping a close eye on costs can be the difference between thriving and just surviving. Here are some practical strategies to help ...
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