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Is your business prepared for the forthcoming changes in the data protection regime?
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The legal and administrative responsibilities involved in running a company are considerable.
When Corporation Tax was invented in 1965, the quantification of taxable profits bore a close resemblance to the taxation of the unincorporated business for many years.
Many people running their own business cherish the thought of some members of their family continuing to run their business when it comes time to retire.
It has often been said that inheritance tax (IHT) is a voluntary tax as action can be taken by individuals before death to reduce or eliminate IHT liabilities on death.
Another tax year has started and, as always in the world of tax, nothing stays the same.
The period leading up to the end of the tax year on 5 April is one of the best times to review your finances and taxes. Carrying out an annual review of your tax affairs could significantly reduce your own and your family's tax liabilities.
A business can provide cars for business owners, directors or employees through an outright purchase, a hire purchase contract or by way of a business car lease (BCL). There are different tax impacts of these options both for the business and for the individual taking the car.