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With potential Capital Gains Tax (CGT) changes on the horizon, many investors are thinking about realising gains on their investments before the budget announcement on 30 October 2024. However, if you plan
The current State Pension is £11,502 per year and is expected to rise to around £12,000 for the 2025/26 tax year. To put this into perspective, at today’s annuity rates, it would cost over £300,000 to purchase an index-linked annuity starting at £12,000 a year
Under the current pension rules, many people over the age of 55 can withdraw up to 25% of their pension savings tax-free.
With the October Budget fast approaching, there are strong rumours that pension tax relief could be a key focus for potential changes. These adjustments could raise more tax revenue than both Capital Gains Tax (CGT) and Inheritance Tax (IHT) reforms combined.
With potential changes to Capital Gains Tax (CGT) on the horizon, many taxpayers are considering bringing forward their asset disposals to take advantage of the current rates.
With the right plan, your small business can lead the charge toward a more sustainable future. So, how can your SME develop an effective decarbonisation plan?
With the October budget approaching, many are speculating about potential changes to Capital Gains Tax (CGT), which could have a significant impact on business owners, entrepreneurs, and investors alike
At A&C Chartered Accountants, we’re more than just numbers. We believe in driving business growth responsibly, which is why we’re thrilled to announce our accreditation by the Good Business Charter. We are incredibly proud to be
A&C Chartered Accountants is proud to support Manchester SMEs on their sustainability journey, and one of the key initiatives driving change in the region is Bee Net Zero.
With childcare costs on the rise, many employers are now offering workplace nurseries or creche facilities as an attractive, tax-free benefit to help attract and retain staff. For larger employers, an on-site nursery may be feasible, but for smaller businesses, partnering with a local nursery provider is often the more practical solution.
As we approach the latter half of 2024, it’s crucial to stay on top of your tax deadlines to avoid any penalties or interest from HMRC. Below is a detailed list of the important tax dates coming up in September and October, along with additional information to help you understand what’s due and ensure you’re fully compliant.
Many individuals, including high-profile figures like TV presenter Anne Robinson, are considering passing on substantial amounts of their wealth ahead of anticipated changes to inheritance tax (IHT) in Labour’s upcoming Budget on 30 October. Robinson, for example, has reportedly transferred £50 million to her children and grandchildren. So, should you be thinking about doing the same?
The table below sets out the HMRC advisory fuel rates from 1 September 2024. These are the suggested reimbursement rates for employees’ private mileage using their company car.
As children head back to school, now is the perfect time to consider the Government’s Tax-Free Childcare Account. This scheme offers parents a 25% top-up on childcare costs, which can be used for everything from nursery fees to after-school clubs and registered childminders. If you’re looking for a way to ease the financial burden of childcare, setting up a Tax-Free Childcare Account could be the solution.
As an entrepreneur, you’re juggling countless tasks, from developing your product to securing your first customers. Amidst all the hustle, managing your finances effectively is crucial.
Financial forecasting isn’t just for large corporations with dedicated finance teams. For start-ups and SMEs, it’s a game-changer. Accurate forecasting allows you to
Planning a staff summer barbecue? Employers can cover the costs of certain social events for their employees without creating a tax liability. This exemption, which was once a concession, is now part of statutory regulations, provided certain conditions are met.
For UK taxpayers earning between £100,000 and £125,140, the 60% tax trap can significantly impact disposable income and financial planning. This effective tax rate arises due to the tapering of the personal allowance.
As we move into the latter half of 2024, it’s crucial to keep track of key tax deadlines to ensure compliance and avoid any potential penalties. Below is a comprehensive diary of main tax events for August and September 2024.
Learn about the upcoming changes to VAT on private school fees starting 1 January 2025. Understand the new VAT rules for private schools, including transitional arrangements and how these UK budget 2024 VAT changes could affect you.
Learn about the proposed repeal of the special tax treatment for furnished holiday lettings, effective 6 April 2025. Discover key changes including finance cost restrictions, capital allowances, and reliefs. Find out how these new rules will impact your FHL properties and what steps to take.
On 17 July, the State Opening of Parliament took place, with the King’s Speech laying out the government’s legislative agenda for the upcoming parliamentary session. While there was a mention of the proposal to remove the
When a holding company sells shares in a subsidiary, the VAT incurred on the professional fees involved would normally be irrecoverable, on the basis that a sale of shares is an exempt supply.
If you have children under 12 who attend a nursery, after school club, playscheme or childminder, or you are considering sending them