You might wish to consider bringing forward capital gains to before 6 April 2024 where you haven’t used your £6,000 CGT annual exemption. This exempt amount reduces to just £3,000…
Read moreUnderstanding the Autumn 2023 UK Budget: Income Tax Changes for Employees and Self-Employed Individuals
Dec 14 2023-
For Employees National Insurance Contributions Class 1 NICs Reduction: Starting from 6 January 2024, the main rate of Class 1 NICs will be reduced from 12% to 10% for employees…
Read moreKey Tax Changes Affecting Capital Gains and Inheritance: What You Need to Know for 2024/25
Dec 14 2023-
The UK government has announced important changes in the areas of Capital Gains Tax and Inheritance Tax, set to take effect in the financial year 2024/25. These changes will have…
Read moreJoin the conversation where Paul Crichton, managing partner at MMG, speaks to financial planning expert Paul Lothian from Verus Wealth, as he demystifies the concept of Lifestyle Cash Flow Modelling.…
Read moreBusinesses are starting to realise the importance of helping employees feel secure about money. In the current economic environment, many businesses are acknowledging the profound impact of employee financial wellbeing…
Read moreHMRC frequently warn taxpayers that when a tax avoidance scheme looks “too good to be true”, it probably is. They publish “Spotlights” on their website to alert taxpayers of schemes…
Read moreFrom 1 April 2023, corporation tax will increase to 25% where a company’s profits exceed £250,000 a year. The current 19% rate will however continue to apply where profits are…
Read moreYour business year-end, not 5 April, is relevant for capital allowances purposes. If, however, you are running a business and making up accounts to 31 March or 5 April you…
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