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Author: Giles Walburn

  • News Round-Up May 2024

    News Round-Up May 2024

    House prices grow slowly in March Higher mortgage rates affect affordability as the cost of buying a home strains budgets. Nationwide has reported a mixed picture of the housing market. On average, property prices increased 1.6% from March 2023, marking the quickest pace of growth since December 2022. However, a slight dip of 0.2% was…

  • Tax deadlines and penalties for limited companies

    Tax deadlines and penalties for limited companies

    Managing a limited company requires meticulous attention to regulatory obligations, particularly with regard to tax and accounting. Financial compliance is punctuated by a series of key deadlines and potential penalties for non-compliance, demanding a proactive and informed approach from company directors. This guide delves into the intricacies of these obligations, offering a comprehensive overview to…

  • Debt management strategies

    Debt management strategies

    Managing debt effectively is an increasingly crucial component of personal financial health in today’s economic climate. With rising living costs and the easy availability of credit, it’s easy to find yourself in a situation where debt becomes overwhelming. This guide offers you practical and effective strategies tailored for managing your debt. Our aim is to…

  • News Round-Up April 2024

    News Round-Up April 2024

    UK house prices rise as interest rates fall The average house price increased by 1.2% compared to last year, climbing to an average of £260,420. The last growth was seen in January 2023. In February, UK house prices experienced their first annual increase in over a year, signalling a rejuvenation in the housing market spurred…

  • Personal tax planning in 2024/2025

    Personal tax planning in 2024/2025

    As we step into the 2024/25 tax year, it’s now more important than ever to take a proactive approach to managing your personal finances. Whether you’re navigating the complexities of income tax, considering investment opportunities or planning for your future, understanding the nuances of the UK tax system can help you make informed decisions. This…

  • SPRING BUDGET 2024

    SPRING BUDGET 2024

    INSIDE THIS BUDGET Vote-winning announcements are alwaysexpected from a Chancellor’s Budget inan election year. Despite the stagnanteconomy and limited fiscal headroom,Jeremy Hunt still announced a few taxcuts and other surprises. INTRODUCTIONThe Chancellor delivers a Budget focusedon growth, tax cuts and reforms. ECONOMIC OUTLOOKThe OBR releases its five-year forecast forthe UK economy and public finances. PERSONAL…

  • Tax Card 2024/25

    Tax Card 2024/25

    INCOME TAX ALLOWANCESTax-free income allowance rates. VEHICLE AND FUEL BENEFITS-IN-KINDTaxable vehicle and fuel benefits. TAX-FREE MILEAGE ALLOWANCESMileage rates exempt from tax. CAPITAL GAINS TAXTax on profits from asset sales. INHERITANCE TAXTaxes on estate inheritance. UK COMPANY TAXATIONCorporation tax rates and rules. MAIN CAPITAL ALLOWANCESDeductions for business asset investment. VATValue-added tax rates and rules. TAX-EFFICIENT INVESTMENTSInvestment…

  • Managing cashflow: Tips for small businesses

    Managing cashflow: Tips for small businesses

    Managing cashflow effectively is critical for the survival and growth of your small business. It’s about planning, monitoring and controlling the money coming in and going out of your business, which ensures you have enough cash to cover your expenses and avoid insolvency. Given the nature of the economy and evolving business practices, staying updated…

  • News Round-Up March 2024

    News Round-Up March 2024

    HMRC clamps down on undeclared dividend earnings Starting on 4 February 2024, HMRC is writing to company owners regarding the potential under declaration of dividend income. The correspondence is prompted by a decrease in company reserves despite reported profits, hinting at undisclosed dividend payouts. Recipients are urged to acknowledge the letter by either disclosing any…

  • How to improve your financial health

    How to improve your financial health

    Improving your financial health involves strategic planning, informed decision-making, and constant adjustments. There are many factors to consider – so how do you know where to begin? While everyone’s circumstances are unique, there are steps you can take to enhance your financial well-being. Here are some actions you can employ to boost your financial wellness.…

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