When establishing a business, one crucial decision is determining the appropriate legal structure. For entrepreneurs and investors looking to expand their operations, the choice between incorporating or not can significantly impact their prospects and overall success.
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…
Charity trustees are the people who lead a charity. They play a vital and rewarding role that contributes to the wellbeing of those involved and affected by their organisation. Trustees have legal control over and ultimate responsibility for the charity, so the law places important duties on them…
The new tax year has begun; this means we can now submit your tax return for the year ending 5 April 2023. The final deadline may seem a way off, but submitting as early as possible is always preferable, so you are aware of any tax liabilities in good time. Here’s a checklist of things you may wish to consider.
Accurately completing the Charity Commission Annual Return should be a top priority for all charity boards. The data declared on it is used by the Commission to regulate the sector and is often the first information a member of the public will see about your charity, when searching on the charity register.
All registered charities must prepare a Trustees’ Report to accompany their accounts and if asked, make this document available to the public. Charities with income above £25,000 (and Charitable Incorporated Organisations of any size) need to file this report with the Charity Commission, along with their accounts and annual return.
After April 5 2025, you’ll only be able to fill National Insurance gaps going back 6 tax years, so if you have many years missing on your record, you should start considering what you can do about this.
There are always competing factors to consider when thinking about your March year-end as a company. How prepared do you feel?
For a round-up of what the Spring Budget contained and how this might affect you, please read our summary of some of the major changes.
A charity’s purpose is what it’s set up to achieve; it’s the positive difference the charity is seeking to deliver. Whether existing to relieve
In an attempt to boost the post-pandemic economy, the super deduction tax rate and special rate allowance were introduced to encourage businesses to invest and boost productivity. However, these reliefs are coming to an end…
In March 2021, when Rishi Sunak was Chancellor, the Corporation Tax rise was first announced. After some confusion that arose from the mini-budget, Jeremy Hunt has since confirmed that this rise will still take place in April 2023.
What’s in it and how might it affect you? On the 17th of November 2022, Jeremy Hunt revealed the details of his Autumn Statement.
A company might have a great product or service but without a business growth strategy to help it define, articulate and communicate where it
If not, but you are voluntarily registered for VAT because your annual turnover is below £85,000, you will need to sign up for MTD
