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  • 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…

  • News Round-Up – July 2024

    News Round-Up – July 2024

    HMRC CONTACTS PENDING ROR CLAIMANTS Provisional claimants are urged to makea valid claim by 31 January 2025. HMRC is writing to taxpayers who made aprovisional business asset roll-over relief(ROR) claim on asset sales in 2020/21and haven’t replaced it with a valid claim.The deadline for making a valid claimis 31 January 2025. If a valid claim…

  • Navigating capital gains tax

    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…

  • Becoming an employer

    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…

  • News Round Up – June 2024

    News Round Up – June 2024

    HOUSE PRICES FALL FOR THE SECOND MONTH IN A ROW House prices fell by 0.4% in Aprilto £261,962, following a 0.2% dropin March. UK house prices declined for the secondconsecutive month in April, influenced byuncertainties around interest rates andrising mortgage costs, which impact thetraditional spring homebuying season.According to the Nationwide BuildingSociety, April’s average house price…

  • Business valuation:Knowing your company’s worth

    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,…

  • Wealth planning for you and your family

    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…

  • 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…

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