Condies News Round Up – October 2024
New HMRC advisory fuel rates; crypto investors urged to review tax obligations; tax hike fears trigger asset sell-offs; and price of the average house increases in 2024.
Spotlight on: Choosing the right business structure
Choosing the appropriate structure for your business is one of the first and most important decisions you will make. It affects everything from your tax obligations to the level of personal liability you will face, and even how you can raise funds. If you are thinking of starting a business, or restructuring an existing business, it is worth taking a closer look at the options available to ensure you make the best choice for your business.
Spotlight on: Handling a personal tax compliance check
Personal tax compliance checks can sound intimidating. However, with the right preparation and understanding, they don’t have to be. In this spotlight, we aim to walk you through what to expect during a tax compliance check, how to stay organised and ways to handle the process smoothly.
Condies News Round Up – September 2024
Bank of England cuts interest rates; CGT take falls by £2.5 billion; HMRC cuts late payment interest rate; and businesses targeted for NMW compliance.
Spotlight on: Tax-efficient Giving
Tax-efficient gift-giving is an essential aspect of estate planning that can significantly reduce your inheritance tax (IHT) liabilities while benefiting your loved ones. By carefully planning and utilising the available allowances and exemptions, you can ensure that more of your wealth passes on to your family and less is lost to taxes. At our practice, we believe that understanding the rules around gift-giving is key to making informed decisions. In this guide, we’ll walk you through the essentials of tax-efficient gift-giving for the 2024/25 tax year.