2024/25 Year-end Tax Guide
As we approach the end of the 2024/25 tax year, it’s a good time to reflect on the year’s financial developments and their impact on tax planning. This guide provides a comprehensive overview of the key allowances, tax breaks, and exemptions available, alongside practical planning points to help you take action. We’ve tailored this information to reflect the latest legislative changes, ensuring you’re equipped to make informed decisions before the tax year closes.
Condies News Round-Up – March 2025
HMRC cuts late payment interest to 7%; changes to Inheritance Tax on pensions from April 2027; Bank of England cuts interest rates to 4.5%; and Government AI rollout requires better collaboration.
Spotlight on: Retirement savings in your 50s – How to catch up
By your 50s, retirement planning often moves to the top of the financial agenda. If your pension pot isn’t where you’d like it to be, there are ways to increase contributions, take advantage of tax reliefs, and strengthen your long-term financial security. This guide outlines the latest pension rules, allowances, and strategies, helping you make informed decisions about your retirement savings. Whether you’re looking to top up your pension, explore additional investment options, or adjust your approach, having a clear understanding of your options can make a significant difference to your future financial stability.
Spotlight on: Using software to streamline accounting operations
In the modern business environment, efficiency and accuracy in financial management are paramount. We understand businesses’ challenges in maintaining precise financial records while striving for growth. This guide explores how the right tools can simplify financial processes, improve compliance, and free up time to focus on growing your business.