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Who would have thought that pensions and tax could be so emotive?

There was little in the Budget that affected pensions, despite the perennial rumours that tax relief would be restricted or tax free cash abolished.

16 Mar 2021

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Who would have thought that pensions and tax could be so emotive? - news article image

Who would have thought that pensions and tax could be so emotive?

There was little in the Budget that affected pensions, despite the perennial rumours that tax relief would be restricted or tax free cash abolished.

16 Mar 2021

Budget 2021 - The full report - news article image

Budget 2021 - The full report

The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he set out a three-part plan in order to recover, kick start and rebuild the UK's economy.

4 Mar 2021

Budget 2021 Investment-led recovery - news article image

Budget 2021 Investment-led recovery

Rishi Sunak opened his UK Budget announcement today with the facts that although are not unfamiliar to us, are still a harsh reality. The UK has suffered the largest shrink in the economy in 300 years and the Government has borrowed at levels not seen since wartime.

3 Mar 2021

Do I have enough to retire? - news article image

Do I have enough to retire?

For many, the most important issue is the amount of money left for retirement, is it enough to have the lifestyle desired.

26 Feb 2021

How do I plan for succession? - news article image

How do I plan for succession?

A single business owner can limit the value of the business where the knowledge of suppliers, internal procedures and clients sits solely with them. As a consequence, the value of the business may only be worth the liquidated value of the tangible assets.

23 Feb 2021

Long-term planning amidst short-term turmoil - news article image

Long-term planning amidst short-term turmoil

This last year has shone not so much a light as a bank of concert quality lighting on a couple of areas which are, if not ignored, then often underplayed, namely illness and death.

23 Feb 2021

Where do I get business advice from? - news article image

Where do I get business advice from?

You should have a group of advisers to seek counsel from outside of the company whether this is a formal arrangement with your accountant or a group of peers who you can share ideas and bring a diversified experience to the table.

19 Feb 2021

Do I need an audit and what does it consist of? - news article image

Do I need an audit and what does it consist of?

A statutory audit is required when a UK Limited company or a Limited Liability Partnership (LLP) meets certain criteria. Auditors report to the company’s shareholders (or members) on whether the annual accounts show a ‘true and fair view’ of the company’s financial activity and position.

17 Feb 2021

How do I start international trade? - news article image

How do I start international trade?

Many owner-managed businesses investigate overseas trade when they can’t increase sales in their home market. Whether you are trading online or through in-country sales teams, there will be different tax legislation requirements

15 Feb 2021

Will my business assets be subject to Inheritance Tax? - news article image

Will my business assets be subject to Inheritance Tax?

Assets in a private company are subject to Inheritance Tax but Business Relief can reduce this

12 Feb 2021

What if the internal functions of the business cannot cope with the levels of growth? - news article image

What if the internal functions of the business cannot cope with the levels of growth?

What if the internal functions of the business cannot cope with the levels of growth or you need to scale up or down? You can outsource as many or as few back-office functions as you wish. The benefits of this are not only financial

9 Feb 2021

Can I claim R&D tax relief? - news article image

Can I claim R&D tax relief?

Research and Development (R&D) tax relief is generally considered to be one of the most attractive tax reliefs available, often resulting in significant cash repayments from HMRC.

8 Feb 2021

How much information should I share about my business? - news article image

How much information should I share about my business?

If the business begins to prosper, suppliers, HMRC and even employees begin to demand greater visibility. HMRC are becoming more demanding when it comes to sharing of company information specifically with the advent of Making Tax Digital (MTD).

5 Feb 2021

Should I go into business with my family? - news article image

Should I go into business with my family?

It might seem sensible to go into business with a family member or spouse. Employment costs are not as likely to be as high and the negatives of the employer–employee relationship are not so prevalent.

29 Jan 2021

What should my long-term strategic goals be? - news article image

What should my long-term strategic goals be?

It is imperative that owners and managers of any business take time to focus and plan the strategic direction of the business and set key objectives to achieve the overall ambition .

27 Jan 2021

How do I choose the right business structure? - news article image

How do I choose the right business structure?

Structuring your business at an early stage will save time later and money in the longer-term

25 Jan 2021

European grant funding post Brexit - news article image

European grant funding post Brexit

Horizon 2020 is the largest European fund for research and innovation. The fund, which was established by the EU ran from 2014-2020 with a budget of 79 billion Euros.

8 Jan 2021

New tax rules for individuals working via their own companies - news article image

New tax rules for individuals working via their own companies

In July 2019, my colleague Leigh Smith detailed the proposed changes to Intermediaries Legislation (IR35) or ‘off-payroll working rules. These changes were due to come into effect in 2020 but have been pushed back due to the Coronavirus pandemic. The Government now plan to make these changed from 6 April 2021.

7 Jan 2021

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