Michael Parkinson
How to save Capital Gains Tax in 2025
The Autumn Budget saw the announcement of a significant increase to the lower rate of Capital Gains Tax (CGT) from 10% to 18% and a higher rate increase from 20% to 24% for disposals made on or after 30 October 2024. Business Asset Disposal Relief (BADR), which reduces the effective CGT rate, will also be…
Simplified and automated payroll processing for businesses
Whether you currently operate your payroll in-house, outsource to a payroll provider, or are employing staff for the very first time, we wanted to write and let you know about our payroll services that have a proven record of effectively running the payroll function and creating efficiencies for many of our clients. Our UK based…
HMRC still trying to give away money in unclaimed CTFs
HMRC is uncharacteristically keen to give money away, reminding young adults again that they may be due unclaimed child trust funds (CTFs). The amount still to be paid out comes to just under £1.4 billion. As the UK settles under its first Labour government in 14 years, there is a certain irony that one of…
Family businesses remain the backbone of the UK economy, come in all shapes and sizes and operate across a large range of UK sectors.
Family businesses come unique challenges that can affect business decisions, business success, leadership, personal life, wealth and succession planning. The more interconnected a family business is, the greater the potential for significant challenges and family conflicts. In this blog, I will look at the common challenges that can face many family businesses today.
Maximising tax efficiency for your business exit
The earlier you plan for your exit the better, and the more money you could exit with. Why?To minimise your tax bill on exit and maximise the use of tax reliefs, some of the conditions you need to meet will have to be in place years ahead of your actual exit. Our new guide on…
AI in finance: How is AI and automation transforming the finance function?
Like many job roles and departments, the finance function is likely to undergo major transformation in the coming years due to automation and the use of artificial intelligence (AI) technologies. CFOs and FDs need to understand and keep up to date with developments in automation, data analytics and other AI technology in order to ensure…
Year End Tax Planning 2023/24
By Alexander Bari Personal tax planning before the end of the tax year is important to ensure you make the most of tax reliefs and allowances. Despite there not being many changes to tax rates and reliefs in the Autumn Statement 2023, there are still opportunities to save tax by wisely using tax reliefs and…
Abolishing the pensions lifetime allowance
Although the lifetime allowance was effectively abolished from April 2023 as the lifetime allowance charge was removed, it has been retained on statute for a year to allow time for the intricacies to be ironed out. Draft legislation, to take effect from 6 April 2024, has now been published.
Is now the right time to sell my business?
There are many things to consider around the timing of your business sale, including current economic climate, the stage of your business life cycle, the health of your business, tax planning and management team strength to name but a few.
The role of the modern CFO
Traditionally a CFO’s role was focused on managing and reporting a company’s financial position, statutory compliance, cash flow management, keeping finance records and managing the finance team. Today, these are still important areas of a CFO role, but increasingly the role has become far wider reaching and more strategic.
Incentivising employees using an Employee Ownership Trust (EOT)?
Employee ownership trusts can be a great way to incentivise your company’s employees and as an exit and succession strategy for business owners.
Winding-up petitions on the rise in HMRC squeeze
With HMRC under pressure to collect more tax owed, it is moving away from the tolerance shown during the pandemic and back towards a normal level of debt enforcement activity. As a result, the number of company winding-up petitions being instigated by HMRC is rising rapidly.