Transferring valuable assets to the next generation is often a strategic part of succession planning. But when those assets have appreciated in value, doing so can come with a hefty Capital Gains Tax (CGT) bill. Fortunately, certain provisions in UK tax law offer legal ways to defer this charge, and (in some cases,) avoid it… Read more »
If you’re running a limited company, you might be paying more tax than necessary without even realising it. Whether you’re a sole director or managing a growing team, the same costly mistakes crop up time and again. The good news is that most of these issues can be corrected quickly with the right advice. Here’s… Read more »
During the height of the Covid-19 pandemic, the government rolled out emergency support at an unprecedented scale. While this funding helped many businesses stay afloat, it also opened the door to billions in fraudulent or mistaken claims. Now, the government is giving people a chance to come clean. A surprise announcement in September confirmed the… Read more »
For families with disabled loved ones, financial planning requires a sensitive and strategic approach. A lesser known yet incredibly powerful tool is the Disabled Person’s Trust. More than a tax-efficient structure, it is a legal vehicle to safeguard long-term financial stability without jeopardising entitlement to benefits. (Read Time: Approx. 5 minutes) Topics Discussed: What Is… Read more »
With the UK’s rumour mill spinning about an impending wealth tax and uncertainty around the November budget, relocating to Dubai (or Portugal, Malta, and other low-tax destinations) is starting to look appealing for many. However, it isn’t just a question of hopping on a plane. If you don’t plan it properly, you could still find… Read more »
As accountants, we’re always on the lookout for ways clients can make more tax-efficient decisions, especially directors running their own limited companies. This week, we were asked a great question by a client that turned into a surprising and insightful numbers exercise. She wanted to know whether her company could pay for her £4,000 laser… Read more »
Your pension, which you’ve carefully built over a lifetime, could soon be caught in the net of inheritance tax. With sweeping changes due to hit in April 2027, families with even modest estates could be left facing tax bills that wipe out a significant portion of their wealth. (Read Time: Approx. 5 minutes) Topics Discussed:… Read more »
From the 18th November 2025, all UK company directors, Persons with Significant Control (PSCs) and certain individuals filing at Companies House will be legally required to submit ID verification. With unlimited fines and potential disqualification for those who ignore the rules, early preparation is essential to avoid disruption and penalties. (Read Time: Approx. 6 minutes)… Read more »
Even if you’re not an accountant, grasping the basics of VAT can transform how you price your services and manage your finances. This concise guide lays out the essentials: the three VAT rates, who must register, and how to choose the right accounting scheme. (Read Time: Approx. 4 minutes) Topics Discussed: VAT Rates and Typical… Read more »
Helping children or grandchildren onto the property ladder by gifting property sounds like a generous, forward-thinking move. But without proper planning, you could end up facing avoidable tax liabilities. Whether it’s your home, a rental property, or an additional asset, here’s what you need to consider before making that gift. (Read Time: Approx. 5 minutes)… Read more »
