Latest News

12th July 2022

Pension flexibility – understanding the benefits and the risks

Financial Planning Consultant, Marcus Dodds, looks at the consequences of making early pension withdrawals during these unsettled and challenging times.

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By Martyn Pottage

5th July 2022

Higher and Additional rate taxpayers – is this still a select club?

The number of people paying higher rate is rising sharply. If that’s you, then independent financial advice could be more important and valuable now than ever.

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By Emma Copley

21st June 2022

What is inheritance tax and what can I do about it?

Once thought of as a tax for only extremely wealthy people to worry about, rising property prices have meant more estates than ever are likely to face an inheritance tax bill. HMRC collected £6.1 billion from thousands of bereaved families in 2021/22.In fact, the amount of inheritance tax collected currently is expected to reach £6.9 billion by 2023-24, an increase of £1.5 billion in just five years (OBR forecast March 2022).

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By Jonathan York

15th June 2022

7 top tips for farm businesses

British farming is in the midst of major change, from shifts to new support schemes, to playing an key role in combatting climate change and food security issues.

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By Keith Johnston

15th June 2022

Basic Payment Scheme - Lump sum exit scheme and delinked payments

We are all are aware that the Basic Payment Scheme (BPS) in England is being phased out between now and 2027, and that this will have a massive impact on farmers, but how will the lump-sum exit scheme work, together with the de-linking of the remaining BPS payments from 2024? And what about capital losses that will arise when entitlements cease to have any value?

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By Richard Andrew

15th June 2022

7 tips to help your hospitality business through the summer season

Here are some top tips for hospitality business owners. Tap into the increased voracity for socialising through the summer.

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By Andrew Robinson

14th June 2022

Tax efficient profit share in a partnership

Each month we answer some of the most pressing questions sent in by farmers as part of the Farmer’s Weekly Business Clinic.

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By Elaine Wilcox

14th June 2022

IR35 reforms – HMRC Room for Improvement

In 2016, HMRC estimated that only 10% of PSCs (personal service companies) were applying the IR35 rules correctly, costing the exchequer £440 million in that year. To improve compliance, the government introduced reforms that shifted responsibility for making status determinations from the worker to the hiring body, which also became liable for any unpaid tax where it had failed to comply. These reforms initially applied to the public sector from April 2017 (affecting around 50,000 PSCs).

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