Condies News Round Up – September 2024
Bank of England cuts interest rates; CGT take falls by £2.5 billion; HMRC cuts late payment interest rate; and businesses targeted for NMW compliance.
Spotlight on: Tax-efficient Giving
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. At our practice, we believe that understanding the rules around gift-giving is key to making informed decisions. In this guide, we’ll walk you through the essentials of tax-efficient gift-giving for the 2024/25 tax year.
Spotlight on: Understanding R&D Tax Credits
Research and development (R&D) tax credits are a crucial incentive designed to encourage businesses to innovate and invest in new technologies, processes and products. Yet, despite their significance, many businesses either aren’t aware of their potential benefits or aren’t fully utilising them. We explore what R&D tax credits are, who can claim them, and how businesses can maximise their potential.
Condies News Round Up – August 2024
HMRC Inheritance Tax recovery soars; London ranked 8th most expensive global city; Council Tax debt crisis escalates; and Labour’s landmark election victory.
Spotlight on: What to expect from a statutory audit
A statutory audit may sound alarming, but it’s a vital process that helps ensure a company’s financial health and compliance. Whether you’re a small business owner or part of a large corporation, understanding what to expect from a statutory audit can ease any concerns and prepare you for a smooth experience.