Tax Planning for the Year Ahead

Tax Planning for the Year Ahead

The second in our short series of Tax Tips looks at Inheritance Tax The Details Inheritance Tax is payable at 40% on death on an individual’s chargeable estate over the available Nil Rate Band and Residential Nil Rate Band. The Nil Rate Band is currently £325,000, and...
Tax Planning for the Year Ahead

Tax Planning for the Year Ahead

The first in our short series of Tax Tips looks at Income Tax   The Details The tax free personal allowance for 2022/2023 is £12,570, this is frozen until April 2026. The next £37,700 is taxed at the basic rate of 20% (7.5% for dividend income). Higher rate tax of 40%...
What is a Company Share Ownership Plan?

What is a Company Share Ownership Plan?

Employee engagement is a much discussed topic in the business community for a good reason. Your employees are the lifeblood of your business and losing key employees or not attracting new talent can cause significant disruption and financial loss. There are many ways...
April 2022: New Changes for Business

April 2022: New Changes for Business

Since April 2019, businesses with a turnover over the £85,000 VAT threshold have been required to submit their returns using compatible software. From this April, VAT-registered businesses with a turnover below this amount will need to do the same. National Insurance...
Stark headlines but Little Substance in Spring Statement 2022

Stark headlines but Little Substance in Spring Statement 2022

By Angela Keery, Head of Tax The Chancellor of the Exchequer delivered his Spring Statement yesterday to the backdrop of a deepening cost of living crisis. While it brought relief in the form of a reduction in fuel duty that drivers will notice at the pumps today,...