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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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money saving tax

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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retirement age increase

By Armstrong Watson

9th June 2022

Who gets to choose when you retire?

The government’s recognised retirement age is moving further away from public perceptions of the ideal point to stop work.

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By Andrew Robinson

30th May 2022

Higher tax bills next year?

Here we will look at how some Cumbrian farmers may face an unwelcome tax bill in January 2023, and what can be done to reduce pressure on cashflows.

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By Barry Fitzsimmons

28th May 2022

Only 25% of retirees are ‘very confident’ they have enough funds to finance retirement – are you?

Passing on your wealth - A recent survey from investment manager Abrdn has provided a snapshot of people who have or plan to retire in 2022. Whatever stage you are at in your retirement planning, the research offers an interesting insight.

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By Elaine Wilcox

26th May 2022

5 Tips for Business Survival in Times of Uncertainty

The backdrop of uncertainty is causing real problems for businesses in all sectors, no matter how large or small. The companies that will flourish are the ones that keep a keen eye on their performance on a day-to-day basis. Here are 5 key ways to aid the survival of your business in this environment of constant change.

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