News
Beware of rising house prices increasing Inheritance Tax liability
15 September 2021
While rising property values may seem like good news, as prices go through the roof it could land you with a hefty Inheritance Tax (IHT) bill. The latest data from HM Revenue & Customs (HMRC) show that the average IHT tax bill stood at nearly £210,000. IHT is a charge on the value of the estate of someone who has died...
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New weapons in the war on cybercrime
15 September 2021
It is a nightmare that plagues both business and private users alike, but cyber security experts are continuing to fight back against the online crooks using email scams targeting their organisations. The UK’s cyber police force, the National Cyber Security Centre (NCSC), has published guidance for businesses on...
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Couples could be missing out on tax breaks
15 September 2021
Couples may be missing out on tax breaks without realising it, according to HM Revenue & Customs (HMRC). Savings can be made both with Income Tax and Capital Gains Tax (CGT) by using their personal tax allowance.For CGT, a couple’s two allowances (each equal to £12,300) can be combined to reduce the final tax bill on a transaction...
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Minimum wage non-payment excuses ‘outrageous’
15 September 2021
The National Minimum Wage has been in place for more than two decades. It currently stands at £8.91 per hour for adults over the age of 23 (The National Living Wage), while the lowest figure is £4.30 per hour for an apprentice. While a sizeable number of breaches will be down to errors or incorrect interpretation of...
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SME confidence is on the rise as employers make plans to expand their workforce
15 September 2021
Official research has found increasing confidence amongst SME employers, with 26 per cent saying they expect to increase their employee headcounts over the coming year. The findings from the Small Business Survey, carried out by the Department for Business, Energy and Industrial Strategy (BEIS), show that the number of small...
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Employment: Brexit continues to disrupt job market
10 September 2021
Coronavirus disruption and Brexit continues to disrupt the job market despite record numbers of staff returning from furlough, the latest statistics have revealed. If you are an employer, here’s what you need to know. Employment remains below pre-pandemic levels Office for National Statistics (ONS) figures show that the number...
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How will the National Insurance and dividend tax increases affect me?
08 September 2021
Taxpayers face an increase in their National Insurance contributions (NICs) and dividend tax rates from 2022. To explain how this significant change may affect you, please use our helpful FAQ below: How much is the National Insurance rate increasing? The Health and Social Care Levy will see a 1.25 percentage point increase in NICs.
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Brexit and immigration: the key dates you need to know about
03 September 2021
Despite ‘officially’ leaving the European Union in January this year, there are still a number of loose ends that need tying up. In fact, the Brexit deal itself includes transitional rules that span from 2021 to 2028. While many of these rules relate to trade and customs, immigration is a matter yet to be fully resolved.
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UKCA marking deadline extended by one year following coronavirus disruption
27 August 2021
Businesses have been given an extra year to apply new product safety markings for most products placed on the market in England, Scotland and Wales, it has been announced. The UK Conformity Assessed (UKCA) marking regime will replace the product safety labelling system previously used while a member of the European Union.
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Beware of exceeding your pension pot allowance
24 August 2021
Thousands of people who put money into their pension each year are inadvertently failing to declare pension tax charges, according to HM Revenue & Customs (HMRC). This can lead to an unexpected and costly tax bill. Most taxpayers can save up to £40,000 in pension contributions tax-free each tax year...
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Case Studies
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Smiles all round for dental practice
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Taxing demands with old school charm
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Cut above the rest in personal management style
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A modern approach required for music moguls
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Customer care is top of the list for packaging business
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Child's play with proactive accounts management
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A taste for growth, a thirst for knowledge
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Sometimes a business does exactly as it says on the tin
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A shared passion for architecture and a head for numbers