The impact of Capital Gains Tax in estate planning

Oct 19, 2023

Capital Gains Tax (CGT) is one of those terms that often elicits a groan from private clients, but understanding its intricacies can be incredibly beneficial in the long run. CGT has, after all, a significant influence on your estate planning and ...

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Blog, Business accounting, Business Advice, General news, Money, Personal accounting

Major pension reforms sparks rethink for UK savers

Jun 08, 2023

Several significant changes were announced by the Government in the 2023 Spring Budget regarding the annual allowance and the lifetime allowance. These changes affect the amount of tax-free contributions individuals in the UK can make towards their pensions, which may have ...

Blog, Personal accounting, Tax

Time is running out to check your National Insurance record

Feb 14, 2023

Are you planning on claiming the UK state pension? You must check your National Insurance (NI) record before 5 April 2023. Are you eligible for the UK state pension? To be eligible for the maximum ‘new state pension’, you must have 35 ...

Blog, Business accounting, Personal accounting, SMEs

What do you need to know about the Energy Bill Relief Scheme?

Sep 21, 2022

The Government has outlined a new Energy Bill Relief Scheme to support households, businesses and public sector organisations tackling soaring energy bills. The figure is set to be capped at less than half the wholesale costs on previously predicted bills, offering ...

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Blog, Personal accounting

How can you cope with the cost-of-living crisis?

Mar 29, 2022

Many are feeling the impact of the increasing cost of living on their finances, with the inflation rate soaring to a 30 year high of 6.2 per cent in February. As prices rise across the UK, from the strain of increased ...

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Blog, Personal accounting, Tax

Nearly 100,000 taxpayers spread cost of tax bill into manageable monthly instalments, HMRC reveals

Feb 17, 2022

Nearly 100,000 taxpayers used HM Revenue & Customs’ (HMRC) Time to Pay self-serve facility to spread the cost of their 2020/21 tax bill, it has been revealed. The figures, published by the tax authority, come after the 31 January Self Assessment ...

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Blog, Business accounting, Business Advice, HMRC, Personal accounting, SMEs

Scams: the heavy financial and health burden

Oct 20, 2021

According to recent research, the total amount of money it costs a fraudster’s victim to get help with their wellbeing after being scammed is £9.3 billion a year. This unwanted financial burden is equivalent to £2,509 per annum for each victim. ...

Blog, Personal accounting

Workplace pension re-enrolment – how does it work?

May 14, 2021

Almost all workers should now be enrolled into a workplace pension under the Automatic Enrolment scheme. But as the employer, your legal duties do not end there. Once every three years, workers who have opted out of ...

Blog, HMRC, Personal accounting, Tax

Increasing number of taxpayers targeted with threatening tax scams, HMRC warns

Mar 18, 2021

Taxpayers should remain vigilant to tax scams “threatening arrest” following a surge in reports, HM Revenue & Customs (HMRC) has warned. The warning comes after a significant number of “concerned individuals” contacted the offices of HM Courts and Tribunals Service (HMCTS) ...

Blog, HMRC, Personal accounting, Tax

Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed

Oct 06, 2020

From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments, without speaking to an HM Revenue and Customs (HMRC) adviser first. On 24 September 2020, the Chancellor announced that ...

Personal accounting