Classic cars, jewellery and handbags – How high luxury is accounted for in Inheritance Tax
Inheritance Tax (IHT) is paid on all items of your estate after you pass away if you exceed certain thresholds. Whilst many people focus on…
Continue reading
Government summer savings spree adds complexity to VAT for hospitality and tourism
When Rachel Reeves announced a temporary cut in VAT from 20 per cent to five per cent for family attractions and children’s dining over the…
Salary sacrifice cap and the squeezed middle
The £2,000 cap on National Insurance (NI) free salary sacrifice pension contributions was sold as a tax on high earners but, if you look closer,…
The hidden savings tax trap and why changes to ISAs make it harder to put money away
Do you know what your Personal Savings Allowance is? While most taxpayers in the UK will know the thresholds for Income Tax, a worrying few…
Five reasons to outsource your bookkeeping to an accountant
Running your business means spinning a lot of plates and you shouldn’t have to sacrifice growth to stay on top of your bookkeeping. That is…
Struggling with cash flow – Exploring the growing use of asset and invoice financing
There was a time when SMEs relied on their main bank for all of their finance options. Recent economic pressures are leading to more cash…