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Planning ahead for university costs
Paying for higher education can be one of the largest financial commitments families face. By planning in advance, you can reduce the need for costly borrowing and help your child start adulthood on a strong financial footing. This guide explains current tuition fees, student finance arrangements, and tax-efficient ways to save for university costs in…
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Understanding the Construction Industry Scheme (CIS)
The Construction Industry Scheme (CIS) is a vital part of the tax system for workers in construction. Whether you’re a contractor managing subcontractors or a subcontractor working on various projects, understanding how CIS works is key to ensuring compliance and managing cashflow effectively. In this guide, we’ll break down the essentials of CIS, covering who…
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Navigating capital gains tax
CAPITAL GAINS TAX EXPLAINED Capital gains tax (CGT) is the tax on the profit you make whenyou sell or ‘dispose of’ an asset that has increased in valueduring your ownership. It is important to note that the tax islevied only on the gain made from the sale, not the total sale price. CGT is important…
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Becoming an employer
WHAT YOU NEED TO KNOW BEFORE TAKING ON THE RESPONSIBILITY Deciding to become an employer is a significant milestone forany business. It marks a phase of growth and the need foradditional support.In this guide, we will explain what becoming an employer entails, thesteps required, the key considerations, and the changes that comewith this decision. We’ll…
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Business valuation:Knowing your company’s worth
ESSENTIAL KNOWLEDGE FOR ACCURATE MARKET ASSESSMENTS Understanding your business’s value is more than a number ona balance sheet – it’s a crucial indicator of your company’shealth and future potential. Whether considering a sale,seeking investment or planning strategic moves, a precise valuationprovides robust information.With this spotlight, we aim to guide you through the essentialsof business valuation,…
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Wealth planning for you and your family
UNDERSTANDING THE BASICS OF FINANCIAL PLANNING Financial planning is undoubtedly the bedrock of successfulwealth management, serving as the critical first step in alifelong journey of financial growth and security. The processbegins with a thorough evaluation of your current financial situation,a crucial stage that involves a detailed analysis of your assets,liabilities, income and expenditures. This comprehensive…
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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…
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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…
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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…
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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…
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