Tax-efficient gift-giving is an essential aspect of estate planning that can significantly reduce your Inheritance Tax (IHT) liabilities while benefiting your loved ones. By carefully planning and utilising the available allowances and exemptions, you can ensure that more of your wealth passes on to your family and less is lost to taxes, writes Pearson...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC services face increased dissatisfaction Growing frustrations revealed in Administrative Burdens Advisory Board (ABAB) survey. For more details, click here More than a quarter of Covid grant claims were unjustified Scheme prevented closures but raised concerns over fund...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. HMRC chases directors for unpaid taxes Rise in liability notices issued to company directors soars by 225%. For more details, click here Capital Gains Tax receipts double Higher property taxes prompt sales ahead of possible rate hikes. Click here to...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. National Living Wage set to increase next year Low-paid workers projected a 5.8% wage increase. For more details, click here Companies House to replace Government Gateway New single sign-in system to be introduced for all Companies House accounts....
Do you need to complete a tax return for the year ended 5 April 2024? If you don’t normally complete tax returns but think that you may have tax to pay then remember, it is your responsibility to tell HM Revenue & Customs (HMRC), writes Pearson May partner Jacqui Bowden. Don’t wait for them...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. New HMRC advisory fuel rates introduced Updated fuel rates impact UK company car drivers. For more details, click here HMRC also clarifies higher rate Stamp Duty Land Tax refunds Guidance released on payments following house sales. Click here to find...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Tax hike fears trigger asset sell-offs Investors braced for Capital Gains Tax increase. For more details, click here Late payment issues worsen for UK SMEs Over half of small business owners and freelancers face overdue invoices. Click here to find...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Companies House warns on address rules Businesses could face fines up to £1,000. For more details, click here SMEs struggle to secure public sector contracts Small and medium-sized firms account for only 20% of public procurement spend. Click here to...
With the recent rumours of potential changes to the taxation of pensions in the new Labour government’s first Budget on 30 October, it is probably a good time to review your pension planning to make sure you are making as much use of your allowances as possible, writes Pearson May partner Jacqui Bowden. We...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Labour Budget date set for 30 October £20bn deficit is expected to be addressed. Click here to find out more New tax rules for non-doms They face stricter taxes and inheritance rules. For more details, click here
