Insights

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...

Cashflow Management Critical in the Face of Cost Crisis

Cashflow Management Critical in the Face of Cost Crisis

By Michael Branniff, Business Services Partner  Labour shortages and the rising cost of raw materials have combined to create a perfect storm in the construction and engineering sectors. With profit margins set to only tighten in the coming months, responsible...

National Minimum Wage and National Living Wage

National Minimum Wage and National Living Wage

The rates for the National Living Wage (for those aged 23 and over) and the National Minimum Wage (for those of at least school leaving age) will increase on 1 April. The new rates are: 23 and over 21 to 22 18 to 20 Under 18 Apprentice April 2021 (current rate) £8.91...

Achieving Better Business in 2022

Achieving Better Business in 2022

Love them or hate them, a New Year’s resolution can be a chance to start afresh and revitalise your business. Concern around your financial position is acceptable in today’s climate, but almost two years into the pandemic, we are no longer in unknown territory. A...

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