Author: Jane Grant

Spring Statement Summary

Most of the announcements made by UK Chancellor Jeremy Hunt will have a significant impact on our personal finances. The energy price guarantee will continue until July, the fuel duty rise has been cancelled and the lifetime allowance for pensions […]

Double whammy from rising prices

Double whammy from rising prices

Rising prices hurt just about everyone, but small business owners face a double whammy: the impact on their own spending power, but also less revenue coming in from cash-strapped customers.  The volume of retail sales fell 1.4% in March, with […]

simplified probate reporting

Changes introduced from the start of this year have simplified the process for obtaining a grant of probate (certificate of confirmation in Scotland) and limited the circumstances when a full inheritance tax (IHT) account needs to be delivered to HMRC. […]

closing tax loophole on second homes

Owners of second homes in England who claim exemption from council tax by reporting them as holiday lets will in future have to provide evidence of actual letting. The current rules allow owners to pay business rates instead of council […]

making the most of business disposal reliefs

If you are a company owner planning to sell your business in the future, you can make sure that the chargeable gain on your shares is taxed at 10% rather than 20% – in other words that the disposal qualifies […]

understanding directors’ loan accounts

The tax charge on loans between a director and their company increased from April. Such loans are common practice, but problems can arise if these transactions are not properly accounted for. There are various reasons why a director can end […]

NICs boost for the self-employed

Prior to the March Spring Statement, most self-employed individuals were facing increased national insurance contribution (NIC) bills this year. However, those with profits up to and just over £28,000 will now see a fall in the amount they pay compared […]

ammu is proud to partner with BWS

Ammu is thrilled to announce we are partnering with Business Women Scotland – a membership platform providing business advice to women.   BWS is one of the largest membership networks to provide expert advice to women. BWS was founded by […]

Boost your business with the Help to Grow: Digital scheme

The government’s recently launched Help to Grow: Digital scheme has two aspects: impartial advice and guidance about how digital technology can boost a business’s performance, plus a potential discount worth up to £5,000 towards the cost of buying approved software. […]

Focus on tax year-end planning

With Christmas and New Year behind us, tax year-end planning should now be on your radar. The 2021/22 tax year will end on Tuesday 5 April. This year there is no Spring Budget and Easter arrives on 15 April, so […]

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