Umar Memon
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Raising finance for small businesses
Raising finance is a crucial but challenging aspect of running a successful business, whether you’re launching a start-up or looking to expand your operations. You can have the best product in the world, a solid business plan and a comprehensive… Read more Raising finance for small businesses
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Defined contribution pensions and tax
A guide to the tax implications of accessing your pension. After decades of contributing to a defined contribution pension and watching it grow, there comes a point when an individual’s working life ends and their retirement begins. Your pension savings… Read more Defined contribution pensions and tax
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Self-assessment reminder
The deadline to submit your online tax return for 2015/16 is no later than midnight on 31 January 2017. Here are the 5 step guide necessary to complete self-assessment on time. 1. Information you need You’ll need your most up… Read more Self-assessment reminder
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Inheritance tax and the residence nil-rate band
A detailed guide to the residence nil-rate band for inheritance tax. The rise in property prices throughout the UK means that even those with modest assets may find that their estate exceeds the £325,000 nil-rate band for inheritance tax (IHT).… Read more Inheritance tax and the residence nil-rate band
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Pension reforms could cost £5 billion
The pension reforms introduced by George Osborne could cost £5 billion and push house prices up in the long term, according to the Office for Budget Responsibility (OBR). The report examined the projected economic effects of a range of the… Read more Pension reforms could cost £5 billion
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Employee benefits and rewarding staff
A guide to rewarding your staff and the tax treatment of employee benefits. Many of us do not really think about the commitment that employees make to their employers in terms of time. The average 9 – 5 worker with… Read more Employee benefits and rewarding staff
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VAT after Brexit
What could happen to VAT after the UK has left the European Union? On 23 June 2016, the British public voted in one of the most important referendums of modern times. The public’s decision to leave the EU will have… Read more VAT after Brexit
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Businesses pay £44 billion in corporation tax
Businesses paid £44.4 billion in corporation tax in 2015/16, according to figures from HMRC. This is an increase of 3% from the £43 billion collected in 2014/15, and is the highest since 2007/08. The figure reflects increases in tax from… Read more Businesses pay £44 billion in corporation tax
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Apprenticeship funding proposals announced
Employers with 50 employees or fewer will have up to 100% of their apprenticeship training costs funded by the government. The government has announced more details about its apprenticeship programme and the funding that will be available to businesses that… Read more Apprenticeship funding proposals announced
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Audits and accounts
A guide to keeping accounts and how an audit can benefit your business. An audit is an official inspection of a company or organisation’s accounts by an independent body. A company can choose to be audited in order to prove… Read more Audits and accounts