When it comes to estate planning, inheritance tax is one of the biggest concerns many families face. It's the kind of tax that can sneak up on you and take a large part of what you've spent years building. The idea that your loved ones could lose part of their...
In this episode of the I Hate Numbers podcast, we explore "Inheritance Tax Exemptions and Reliefs." We'll explain the key elements that affect inheritance tax, including thresholds, gifts, and the importance of keeping records. What is Inheritance Tax? Inheritance tax...
Holistic tax planning is more than just a buzzword; it is a crucial strategy for anyone serious about managing their finances effectively. We believe that, to truly optimise your tax strategy, you must consider the entire tax landscape rather than...
Have you ever thought about whether you’re paying more taxes than you should be? For many people, the thought of dealing with taxes brings up feelings of stress and confusion. Personal allowances, tax codes, multiple income streams - it can all start to feel like a...
For many business owners, taxes can feel like a never-ending puzzle, filled with confusing paperwork, complex regulations, and the fear of making a costly mistake. But don't worry, with the right tax strategies, you can easily handle this. In this blog (and video) you...
Introduction Tax efficiency and tax planning are crucial for all businesses, whether private or non-profit. Additionally, one key area offering significant opportunities is benefit planning. Specifically, benefit planning allows you to remunerate your staff, including...
Did you know that if you take responsibility for your tax, you have good chances of reducing your tax bills by making tax adjustments? This involves understanding and fulfilling your tax obligations. Understanding taxes in the UK In my video about the UK Tax System,...
There’s an unspoken truth when it comes to tax advice: for business owners, there’s a complete lack of transparency from advisors over what tax advice actually is. This means as a business owner: …..you don’t know what to expect from your accountant …..you don’t...
Planning and budgeting for your tax return is something we highly recommend to all our clients. Firstly, it brings a feeling of safety. Then it also lessens your anxiety as a business owner and allows for clarity in decision-making. But if you're not sure how to...
The deadline for filing your taxes was 31st January 2023. And I’m sure you have filed them already. But now comes the time when you start worrying about having to pay the tax authorities what you owe. What if you can’t pay taxes right away? It’s not the best feeling...