Minimising Corporation Tax

A guide to the allowances and reliefs available to help minimise your corporation tax Limited companies and most unincorporated associations such as sports clubs and cooperatives have to pay corporation tax. This is a tax levied against the profits a company makes. It includes profits from: trading investments income from renting out buildings or land … Continued

Choosing A Company Secretary

This guide looks at the role of the company secretary and how to select a suitable candidate Compliance for private limited companies in the UK means ensuring that the business is trading lawfully with all the many rules and regulations being adhered to. In the past, the person responsible for this role was clear cut: … Continued

Insider February 2015

  Inflation falls to 14-year low The Consumer Prices Index (CPI) rate of inflation fell sharply to 0.5% in the year to December 2014, from 1% in November 2014, official figures show. This is the joint lowest CPI rate on record and the lowest since May 2000. The Office for National Statistics said the low … Continued

Capital Allowances

This guide looks at claiming capital allowances to minimise your business’ tax bill A capital allowance is the tax equivalent of depreciation. For example, a business buys a lathe for £10,000 and believes the lathe has an estimated useful working life of 10 years. The business may choose to depreciate the asset at the rate … Continued

Financial Planning for Individuals

This guide looks at how financial planning can help you realise your goals for you and your family Consistent financial planning is essential to growing your wealth and building your financial security. A plan that is on course to meet your expectations in later life is also one that can help protect you against market … Continued

Insider January 2015

  Businesses plan growth for 2015 Small businesses are planning growth in 2015 but many are still unaware of the finance options available to them, research by the British Business Bank has revealed. The research into more than 1,000 firms found that 46% are planning to expand their business over the next 12 months. The … Continued

Autumn Statement 2014

Autumn Statement 2014   Introduction The Chancellor George Osborne delivered his final Autumn Statement of this Parliament amid ongoing economic uncertainty. The key indicators paint an unclear picture. The UK economy is now expected to grow faster in 2014 than any other developed economy including the Eurozone. But the pace of GDP growth slowed between … Continued

Insider December 2014

Insider: December 2014 Small firms fuel economic growth More than a third of economic growth in 2013 was created by high growth small businesses (HGSBs), a report by Octopus Investments and the Centre for Economics and Business Research (Cebr) has found. HGSBs are firms that have recorded annual turnover of £1-20 million and an average … Continued

Retirement Planning

Personal Planning UPDATE Have you considered what your retirement might look like financially?   It’s important to think about what you want to do and achieve in your retired years. We can then help you understand how much you need to save to secure the income you’ll need and how your saving can be optimised … Continued

Tax and your Business

Tax and your business This guide is intended to help unincorporated business owners with their tax planning Individuals pay tax on the profits of their unincorporated business at income tax rates ranging from 20% to 45%. In addition, there is a liability to class 4 national insurance contributions (NICs), which is taxed at a rate … Continued