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Download our full guide to the Autumn Statement 2016

The first major economic statement since the EU referendum focused on measures to “prepare our economy to be resilient as we exit the EU”. Unsurprisingly, the Ofice for Budget Responsibility (OBR) forecasts for growth Unsurprisingly, the Office for Budget Responsibility (OBR) forecasts for growth have changed since the last figures were published in March. The […]


Inheritance tax and the residence nil-rate band

A detailed guide to the residence nil-rate band for inheritance tax. The rise in property prices throughout the UK means that even those with modest assets may find that their estate exceeds the £325,000 nil-rate band for inheritance tax (IHT). The percentage of properties sold for more than £325,000 has doubled since the current nil-rate […]


What to consider when starting a business

Last year 608,110 businesses were incorporated according to data from Companies House. This is a year-on-year increase of 26,937 on the 581,173 businesses started in 2014. However, figures from the Office for National Statistics show that 55% of new businesses fail within 5 years. In order to avoid becoming part of this statistic, it is […]


Employee benefits and rewarding staff

A guide to rewarding your staff and the tax treatment of employee benefits. Many of us do not really think about the commitment that employees make to their employers in terms of time. The average 9 – 5 worker with their 5.6 weeks of statutory holiday is likely to work around 1,880 hours a year. […]


National insurance planning

An overview of the types of national insurance and advice on how to make sure you don’t pay too much. Since its introduction in 1911, national insurance (NI) has changed from a form of protection against ill-health and unemployment to include a wider range of benefits. Today it helps people build entitlement to the state […]


Personal financial planning

No one should be without a financial plan. Read our guide to get started. Achieving your financial goals is made harder when you don’t have a plan laid out on paper. Without a timescale, a sense of priority and an idea of how you will use your money in the future, how can you be […]


Will My Art Live On? How to create your legacy

What will happen to my art after my death? How can I ensure my family benefit from my lifelong work? Will my art retain its value? Who will manage my collection? These and others are the sort of questions that we are being asked increasingly by our many artist clients. Of course, there are many […]


Gifts and inheritance tax

How gifts can reduce your liability for inheritance tax. Inheritance tax (IHT) at 40% is due on the portion of a person’s estate that exceeds £325,000. This can be reduced to 36% if 10% (or more) of the estate is given to charity. Married couples and civil partners can transfer any unused allowance to their […]


Childcare vouchers and the new tax free childcare

Childcare vouchers were introduced some time ago to help working parents pay for childcare. So what are childcare vouchers? Childcare vouchers are tax free employee benefits that usually work through ‘salary sacrifice’ by exchanging part of gross salary to pay for registered childcare before Tax and NIC are deducted, hence, swapping taxable pay for a […]