2021/22 Tax Rates & Allowances now available

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You can now find the key tax rates and allowances which will be affect our business and personal lives in 2021/22 – just click here. We are sure that you will find them a useful point of reference over the year, so do bookmark the page. You can also access it direct from the Resources menu above. We have included a few examples of how the allowances and reliefs can be used, but would encourage you to contact a member of our team before you take any action on them or if you have any questions.

Useful information for 2021/22 Tax Rates & Allowances now available

Individuals

Many parents and carers will be feeling the squeeze in the cost-of-living crisis. Here are some things you may wish to consider…

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Individuals

Whilst marriages and civil partnerships are about love and finding your life partner, it’s worth being aware of the tax implications involved. It’s not all roses. This article specifically outlines some of the affects on Inheritance Tax that are associated with these legal partnerships.

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Limited Companies

Should a key member of your staff be suddenly unable to work, it might be best to consider how you can reduce the impact of their absence.

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Limited CompaniesSole Traders & Partnerships

Here are the tax implications relevant to providing a gift/event to best please your employees, whilst also being financially sensible.

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Sole Traders & Partnerships

Sole traders & partnerships: If your year-end is not 31 March or 5 April, HMRC is changing how it will assess your profits.

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Limited CompaniesSole Traders & Partnerships

If you’re considering using a piece of cloud-based accounting software, such as Xero, QuickBooks, or Sage, then it’s important you understand what each option can offer you. What follows are some worthwhile considerations…

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Trusts & Estates

Preparing your own will, or using an unregulated writer may be the cheaper option, but these approaches can present a number of issues…

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Trusts & Estates

Inheritance Tax (IHT) is a tax on the value of an individual’s estate at the time of their death. There are several good practices that individuals can adopt to help minimise the impact of IHT on their estate and their heirs…

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