End of year tax planning pointers

Whether you are a business owner or a full time stay-at-home parent, there are measures you can take now to minimise your tax liability this tax year. Income tax saving for couples Any personal allowance (£7,475 for 2011/12) that is not used at the end of a tax year cannot be carried forward. However, couples[…]

Posted in Tax

Passing on a family business

With ‘baby boomers’ now attaining state retirement age there is an increasing number of family businesses that will be handing over the reins in the ensuring years. Research carried out on behalf of the Institute for Family Business (IFB) found that only 30 per cent of leading UK businesses that were family controlled in 1996[…]