Sport NI Launches ‘Defibrillators for Sport’ Initiative

The Department for Communities and Sport Northern Ireland have launched a new initiative to provide life-saving defibrillators to sports clubs. The intended purpose is to increase the number of Automated External Defibrillator (AED) devices available in community settings. This initiative supports the Department of Health’s Community Resuscitation Strategy and therefore strengthens the ‘Chain of Survival’ … Continued


Lifetime ISAs

A guide to the Lifetime ISA. Announced by Chancellor George Osborne in Budget 2016 and launching on 6 April 2017, the Lifetime ISA is designed to provide a tax-efficient option for people saving for a first home or retirement. Buying a first home and saving for retirement represent 2 of the most important aspects of … Continued


Extracting profits from your business

A guide to tax-efficient profit extraction for business owners. Owning and running your business is a tough proposition but it is vitally important that people continue to do it. As well as the rewards that come from hard work and determination, there are also monetary benefits to running your own business. There are a variety … Continued


Insider July 2016

Businesses will require software for digital tax accounts Businesses will need to submit their tax and financial information quarterly using software that’s compatible with HMRC’s systems. In a letter to financial secretary to the Treasury David Gauke, Andrew Tyrie, chairman of the Treasury Select Committee, said that submitting records in a “prescribed digital format” would … Continued


Capital gains tax planning

A guide to capital gains tax and allowances for 2016/17. Selling something you own for more than you originally bought it for is the basis of doing ‘good business’ in terms of both personal and business finance. Depending on the profit that an individual or organisation makes on the sale of their asset, they may … Continued


Auto-enrolment for businesses

A guide to staying compliant with auto-enrolment. Auto-enrolling employees into a workplace pension scheme is a legal requirement for all businesses, from those employing hundreds to those with 1 or 2 people on the payroll. Over 6 million workers have been enrolled since 2012, with a further 1.8 million due over the next 2 years … Continued


Experts in our field: Focus on Agri

What are the key issues facing farmers in today’s economy? How can dairy farmers be mindful of their accounts in the coming months? How can farmers plan for business succession with regards to bringing family members into the business? How can farmers and business owners avail of a grant through the Farm Business Improvement Scheme? … Continued


Running a company car scheme

A guide to setting up a company car scheme and the tax implications of doing so. A company car is something that can benefit both employers and employees, provided you plan accordingly. Important questions to ask yourself are: what kind of car should you choose? how are you going to fund it? how many employees … Continued


Estate Planning

A guide to making sure that your estate goes to the right people when you die. Effective estate planning ensures that your property and/or possessions go to the people you choose when you die. It can also be financially beneficial to the recipients of your estate as it can reduce the amount of tax paid … Continued


Succession planning for a family business

A guide to transferring a business to a family member. There are more than 3 million family businesses in the UK, which between them employ more than 9 million people and contribute 15% to GDP. Despite these successes, family businesses often experience difficulties when it comes to passing their businesses to younger generations. Research has … Continued