A business exit strategy is a plan for what will happen when you want to leave your business. Many people think of an exit strategy as a plan to guard against disaster or something that has to be carried out right away after its conception. But this usually isn’t the case. Instead, it’s a plan[…]
What you need to know for 2019/20 With the Brexit process rumbling on, Making Tax Digital finally coming into force, and Easter around the corner, now is the time to put your financial plans in place for 2019/20. Income The way you receive an income, and the rates and allowances that apply, should be at[…]
How to reduce what you owe the taxman Nobody wants the taxman to take more than his fair share, and planning your finances early on can ensure you adopt the most tax-efficient strategy for the months and years ahead. Effective tax planning will help protect your wealth and any assets, ready to pass on when[…]
Once you’ve been running auto-enrolment for three years you’ll need to re-enrol workers. Over the last five years there has been a seismic shift in attitudes towards retirement saving. Auto-enrolment means workplace pensions are now regarded by many employees as a normal part of working life. Although detractors argue that minimum contributions lull people into[…]
Whatever your age, it’s never too late to start saving to retire.
How individuals and families can save taxes in 2017/18. The UK tax system provides reliefs and allowances to encourage you to spend or invest in certain ways. Using those reliefs as they are intended is the fiscal equivalent of obeying the Highway Code. If you divert from that code, by parking incorrectly, you would expect[…]
An introduction to the relationship between trusts and tax.
Manchester accountants, Jack Ross highlight a number of year end planning opportunities that could potentially help your company make substantial tax savings.