Payroll outsourcing – the business benefits
Payroll outsourcing is not just about offloading a task; it’s about using experts outside of your business to support your company.
Election results: What does it mean for the UK tax system?
The election results are in and the Labour party won the country’s mandate to form a new parliament. A recurring topic of discussion and disagreement in the run up to the election was that of tax,
Land sale – The Tax Implications of Selling to a Developer
If you are considering a land sale to a property developer, there are several tax considerations as well as prior structure planning involved.
How to reduce your estate for Inheritance Tax without having to wait for 7 years
A lot of clients come to me to find out how they can reduce their estate to avoid IHT and there is a simple short answer:
irrevocably give assets away (so that you no longer receive any benefit whatsoever) and survive for 7 years after you have given them away (or the value comes back into your estate).
Will a Labour government mean changes to taxation?
I am increasingly being questioned by clients on what the likely taxation impact of a new Labour government is if they win the next General Election and whether they should make changes now.
Well let’s look at what has been said, the party has ruled out increasing rates of income tax, NI, corporation tax and VAT stating they have “no plans” for further tax increases and that the party’s plans requires no additional tax to be raised.
Why tax planning advice is key for agricultural business
Farming and rural businesses often have specialist needs particularly if there is a generational change or sale of the farm.
In practice they are complex businesses and must be properly managed by an experienced accountant who understands their sector. Offering an explanation on the need for planning advice can often be the key to in depth conversations that uncover future taxation issues and help them plan ahead.