by Jessica Garbett | Dec 9, 2019 | ACCA, pensions, personal finance
A handy guide to help you review your state pension provision. An overhaul in April 2016 replaced the old two-tier system with a flat-rate state pension, which is now (in 2019/20) £168.60 per week. However, the amount a person is entitled to depends on their National...
by Jessica Garbett | Dec 2, 2019 | ACCA, business issues, capital taxation, property taxation
We examine legislation which allows you to save money when making inheritance tax provision on properties. It is a well-known saying that ‘inheritance tax is a tax that you choose to pay’. This is because you elect not to take any action while you are able to,...
by Jessica Garbett | Nov 28, 2019 | ACCA, business taxation, capital taxation
A must read case for entrepreneurs’ relief. Entrepreneurs’ relief (ER) reduces the rate of capital gains tax (CGT) on disposals of certain business assets from 20% to 10%. The recent first-tier tribunal case of Potter [2019] UKFTT 0554 (TC) re-emphasises the...
by Jessica Garbett | Nov 25, 2019 | ACCA, business issues
Let’s explore the risks and benefits of investing or expanding outside of the UK. When considering business options it is important to look at the options, opportunities and any constraints. This will inevitably include: the type of entity (typically an agency,...
by Jessica Garbett | Nov 21, 2019 | ACCA, business issues
A reminder that ALL directors are jointly responsible for a company and the duties towards it – regardless of their level of involvement. Many small companies registered with Companies House started as a one-director company and remained so until the demise of either...
by Jessica Garbett | Nov 18, 2019 | ACCA, financial reporting
Summarising the requirements for disclosure of related party transactions. The charity SORP states that if ‘there have been no related party transactions in the reporting period that require disclosure, this SORP requires that this fact must be stated’. Where a...
