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How to pass on wealth to the next generation. There are many ways to reduce or eliminate the inheritance tax payable on your estate without using trusts. But for some, especially if you are very wealthy, they may not be enough. For others, the control that trusts...
Each month we bring you the latest tax and business updates with our Insider Newsletter. Take a look at this month's insights below, or download our Newsletter and read it at your leisure. Highlights Relief as Sunak extends furlough scheme until the end of October...
With redundancies on the rise due to the coronavirus, is it time you understood how termination payments work in 2020? Beyond the human tragedy of COVID-19 is an economic one. Swathes of the UK economy have been flatlining and a rising redundancies rate is inevitable...
How it works and interacts with capital allowances. The VAT capital goods scheme affects input VAT recovery relating to high-value capital assets. Input VAT is a tax incurred on most purchases made by VAT-registered firms, and they can usually reclaim it from HMRC in...
As part of changes to the Coronavirus Job Retention Scheme (CJRS), HMRC have outlined some important dates that may impact you in the coming weeks if you have furloughed or plan to furlough staff.
The scheme will close to anyone who hasn’t been furloughed for 3 weeks by 30 June, so you will only be able to claim for employees after that if they have been furloughed for a full three-week period at any time before the end of June.
The national Discretionary Grant Fund, which is being administered by local authorities, is now open for local applications from businesses and charities who meet the Government’s criteria. The fund has been set up by the Government to accommodate certain small...
Is your business built for profit? Does it generate repeatable, sustainable and generous profit? Profits that you are happy with and allow you to take home the level of pay that you want? Or is it more of a profit dribble? Take the Profit Hacker Quiz: How many of...
What to consider during the COVID-19 lockdown. Coronavirus has many people reflecting on their own mortality. So if you have more time on your hands during the lockdown, planning your estate may be a wise way to spend it. Benjamin Franklin observed there are only two...
One of the most stressful and overwhelming challenges of running and building a business - is making sure YOU get paid. When you are working flat out and there is not enough money in your business to pay you - it's enormously stressful, frustrating and demotivating....
Can employees reclaim any expenses whilst working from home? On Monday 16 March 2020, Prime Minister Boris Johnson told the public to work from home where possible in an attempt to contain the ongoing coronavirus outbreak in the UK. For more than 1.7 million people it...