Active Practice Updates

Things to consider when starting a business.

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 their 5.6 weeks of statutory holiday is likely to work around 1,880 hours a year.

What could happen to VAT after the UK has left the European Union?

Achieving your financial goals is made harder when you don’t have a plan laid out on paper. Without a timescale, a sense of priority and an idea of how you will use your money in the future, how can you be sure that you’ll achieve what you want to in your lifetime?

Since its introduction in 1911, national insurance (NI) has changed from a form of protection against ill-health and unemployment to include a wider range of benefits.

How gifts can reduce your liability for inheritance tax. Inheritance tax (IHT) at 40% is due on the portion of a person’s estate that exceeds £325,000. This can be reduced to 36% if 10% (or more) of the estate is given to charity. Married couples and civil [...]

A company can choose to be audited in order to prove to its investors or shareholders that its accounts are sound.

Announced by Chancellor George Osborne in Budget 2016 and launching on 6 April 2017, the Lifetime ISA is designed to provide a tax-efficient option for people saving for a first home or retirement.

Owning and running your business is a tough proposition but it is vitally important that people continue to do it. As well as the rewards that come from hard work and determination, there are also monetary benefits to running your own business.

Selling something you own for more than you originally bought it for is the basis of doing ‘good business’ in terms of both personal and business finance.