It is still evolving, but some hard and fast rules have emerged. Some of the best businesses used to stand out with their attention to detail, personal touch and ties with people in the community. With the increasing shift to […]
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further financial lessons from the pandemic
Having a clear purpose has never been so important Since the Covid-19 pandemic began, many businesses have seen what the media has referred to as, “The Great Resignation” – where employees are leaving or switching jobs in their thousands. For […]
MD “the boss”: succession planning
Despite the words of Daltrey and Townsend all those many years ago, making light of the changeover from the old to the new, “meet the new boss, same as the old boss, the transition from one MD or the boss […]
IHT receipts reach £6 billion record
The amount of inheritance tax (IHT) collected by HMRC over the past year reached a record £6 billion, some £1 billion more than the previous 12 months. This increase comes as no surprise given booming property values and frozen nil […]
future changes in store?
One crafty way for the Chancellor to bring in extra tax revenue without raising headline tax rates in a future Budget or Spring Statement would be to limit some of the generous tax breaks that are currently available. The Chancellor […]
uncertainty leads to distractions and deviations
All the negativity in the press can lead to us feeling “out of control” and uncertain about in what direction we should take our business. We firmly believe in our clients and their aims, hopes and ambitions and in remaining […]
what’s going on outside?
The latest Office for National Statistics (ONS) survey to June 2021 showed that the UK gross domestic product (GDP) is estimated to have increased by 5.5% in Quarter 2 (Apr to June) 2021, revised from the first estimate of a […]
succession planning is also good talent management
Creating a succession plan provides an opportunity for the business to drive the development of the next generation of senior leaders, aligning leadership at the top of the organisation with the strategic needs of the business – this can be […]
Budgeting for an uncertain year ahead
So, what is 2022 likely to look like? Probably, what you forecast, then go out and make of it. The most important thing we know about the future is that it is unpredictable, so to plan for this we need […]
trust planning opportunity still available
Another tax planning strategy that is still available despite rumours that it would be closed in the Budget was the CGT hold over relief when assets are transferred into or out of a trust. This relief currently enables a non-business […]
Christmas is the time for giving
Many were expecting the chancellor to announce changes to inheritance tax (IHT) in his Autumn Budget, However, like capital gains tax (CGT), the rules have remained broadly the same as last year. That means that each tax year individuals may […]
let’s have a real christmas party this year!
Last year many businesses put on a “virtual” Christmas party event and HMRC agreed that would be acceptable in order for there to be no taxable benefit for the employees involved. There continues to be no taxable benefit for employees […]
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