In light of changes to Inheritance Tax reliefs, trusts have emerged as a viable strategy to manage and protect assets while potentially reducing tax liabilities.
B2B fraud has grown exponentially since the Covid-19 pandemic. A major reason for this was the digital shift in many business operations. The move to working from home also increased a variety of risks relating to the vulnerability of data. It is worth noting though that B2B fraud can also occur offline.
Business owners are being urged to ensure they have a succession plan in place after Armstrong Watson's latest Family, Privately-owned and Owner-managed Business Survey revealed many businesses haven’t considered their exit plan.
David Firth has taken up his new role at the firm’s Leeds office and brings a wealth of knowledge and expertise, having worked in the financial services industry for more than 30 years - 25 of which have been dedicated to providing financial advice.
HMRC has confirmed additional compliance staff will focus on tackling non-compliance amongst small businesses. What can businesses do to prepare in the increasing likelihood of a tax investigation?
There has been much media attention on the impact of proposed Inheritance Tax (IHT) changes on the farming community but it is important to emphasise that these changes will affect not only farmers, but all businesses including sole traders, partnerships and companies.
After many years of low interest rates, savings rates have made a significant comeback over the last few years. But how do changing interest rates impact savings and what does this mean for high cash balances?
Outsourcing should be viewed as a strategic partnership. It’s not about replacing your HR, payroll or finance department, but about enhancing your capabilities and focusing internal resources where they add the most value.
With the basis period reform now fully implemented, alongside changes to Capital Gains Tax and plans to limit Inheritance Tax reliefs, farmers may be faced with the dilemma of determining the most appropriate and tax-efficient way to structure their business.
The financial challenges facing independent schools are significant, and every situation is unique. The best course of action for school governors to take will vary depending on the specific circumstances of each school.