THE LATEST NEWS AND EVENTS

This handy document outlines all the key rates and allowances for the 2024/25 tax year.

HMRC contacts pending for claimants; house prices rise slightly again; media sector faces scrutiny from HMRC; and only 13% of Bounce Back Loans paid off.

Deciding to become an employer is a significant milestone for any business. It marks a phase of growth and the need for additional support. In this guide, we will explain what becoming an employer entails, the steps required, the key considerations, and the changes that come with this decision. We’ll also consider the pros and cons to help you make an informed choice.

Capital gains tax (CGT) is the tax on the profit you make when you sell or ‘dispose of’ an asset that has increased in value during your ownership. It is important to note that the tax is levied only on the gain made from the sale, not the total sale price. This guide will examine CGT in-depth, covering everything from how it is calculated to the allowances, exemptions, and reliefs available. By understanding these subtleties, you can plan better, be tax-compliant, and potentially save a lot of money. 

The Dains Group announces the acquisition of Condies Chartered Accountants in a move that underscores their commitment to the Scottish market.

House prices fall for the second month in a row; UK predicted slowest growth among rich nations; SME energy standing charges are too high; and MPS warn unfair banking is harming small firms.

Financial planning is undoubtedly the bedrock of successful wealth management, serving as the critical first step in a lifelong journey of financial growth and security. The process begins with a thorough evaluation of your current financial situation, a crucial stage that involves a detailed analysis of your assets, liabilities, income and expenditures. This comprehensive review is not just about numbers; it’s about understanding the story behind your financial decisions and how they align with your future goals.

Understanding your business’s value is more than a number on a balance sheet – it’s a crucial indicator of your company’s health and future potential. Whether considering a sale, seeking investment or planning strategic moves, a precise valuation provides robust information. With this spotlight, we aim to guide you through the essentials of business valuation, helping you realise your company’s worth in clear terms.

House prices grow slowly in March; Stealth tax freeze threatens income of pensioners; Enhanced Child Benefit payments set to commence; and Brexit charges could lead to higher food prices.

Managing debt effectively is an increasingly crucial component of personal financial health in today’s economic climate. With rising living costs and the easy availability of credit, it’s easy to find yourself in  a situation where debt becomes overwhelming. This guide offers you practical and effective strategies tailored for managing your debt.

Managing a limited company requires meticulous attention to regulatory obligations, particularly with regard to tax and accounting. Financial compliance is punctuated by a series of key deadlines and  potential penalties for non-compliance, demanding a proactive and informed approach from company directors. This guide delves into the intricacies of these obligations, offering a comprehensive overview to help ensure your company remains in good standing.

UK house prices rise as interest rates fall; manufacturing and R&D to receive £360m boost; stealth tax and savings shake up salary bands; and PM proposes scrapping National Insurance.