Should millionaires be forced to publish tax details?
The shadow Chancellor, John McDonnell, has said a Labour government would force people earning £1 million a year or more to publish their tax records. McDonnell said the move would help curb tax avoidance and contribute to improved trust between the elites and the rest of society. He expressed hope that more transparency would encourage […]
Financial Planning Opportunities Seminar
Leading fund manager James Sym of Schroders Investment Management provided his thoughts on the implications of Brexit as well as highlighting some opportunities that are available in the European Investment Markets. The seminar also covered the introduction of the new residence nil rate band from April 2017 and its impact on estate and Inheritance […]
Auto-enrolment report provokes call for change
A recent Citizens Advice report has highlighted the problem of people working in multiple jobs and failing to qualify for auto-enrolment despite earning over £10,000 a year in total. Women are more likely than men to miss out on having an auto-enrolled workplace pension, due to the higher likelihood of holding more than one job […]
6th April Tax Year Reminders
Tax year beginning planning can be just as valuable as its more familiar year end counterpart. The run up to 5 April, with the Budget (and often Easter) intervening, can be a frenetic time for personal financial planning. All tends to go quiet once the new tax year begins, but the reality is that there […]
Free Inheritance Tax Planning Seminar in Shaftesbury
Why should you care about tax on your assets? You are invited to a topical seminar on Inheritance Tax Planning, Wills, Bank of Mum & Dad, Safeguarding your Digital Assets and Long-Term Care. Nat West Bank have brought together Leading Chartered Accountant and Independent Advisors Ward Goodman and Specialist Local Law firm Farnfields Solicitors, to […]
Guide to the Spring Budget 2017
We are building the foundations of a stronger, fairer, more global Britain – Spring Budget 2017 What does it all mean? Following the first and last Spring Budget delivered by Chancellor Philip Hammond, we have prepared a useful and informative Spring Budget Guide. Discover more about how the changes could affect you or your business: Spring […]
Could you take on an apprentice?
With the cost of going to university soaring, apprenticeships are booming as the government makes them an attractive alternative to higher education and the debt a degree incurs. Is your company able to offer an apprenticeship scheme? Apprenticeship is a mix of learning on the job and formal tuition, allowing apprentices to gain a qualification […]
Government Reveals Payment Practices Regulations
From April, large companies will have to report their payment practices twice a year – including the average time it takes to pay supplier invoices. A guidance for large businesses to report payment practices, the ‘duty to report’ guidance, was published in early February and it states that from 6 April 2017, large companies and […]
HMRC, the ultra-rich and the not-so-rich
Parliament’s Public Accounts Committee thinks that the “government must take a tougher stance on taxing the very wealthy.” In 2009, HM Revenue & Customs (HMRC) set a specialist team to focus on the tax affairs of high net worth individuals (HNWIs is the jargon). At the time, HNWIs were defined as people with net assets […]
PAYE? OMG! – Decoding Financial Jargon
A recent survey of 2,000 people carried out by Nationwide, found that although 79% of participants knew what abbreviations such as OMG and LOL mean, only half correctly guessed the meanings behind financial terms such as APR and PAYE. A lack of basic knowledge and understanding of these terms can be a major contributor to […]
