Inheritance Tax (IHT) is something that affects more people than ever and is expected to double by 2020. In 2015/15 the tax office collected over £3.4 billion.
The Website hack of Talk Talk made national news so it was interesting to see Xero recommend users change their password.
The Xero Website had a good article about being safe online to protect yourself, your customers and employees.
All businesses should take time to think about the big picture – this is called Strategic Planning.
Married couples and civil partners can reduce Capital Gains Tax (CGT) by making use of a special rule which allows them to transfer assets between them at a value that means there is no gain or loss for tax purposes.
Here are some VAT traps to be aware of.
If a parent saves money in the child’s name in a standard savings account then if the interest is over £100 it will be taxed in the parent’s name.
You effectively pay tax at 60% on income over £100,000 because you pay tax at 40%, plus you start to lose your personal allowance, which also increases your tax.
In the construction industry, it’s traditional to have a “topping-out” ceremony to celebrate the progress when the last beam is in placed on a building, In the same way, as a business owner you can celebrate progress on building your business.
A business owner or manager needs information to manage a business – this information is reported in numbers. These are the most common measurements.