Keeping up-to-date with your organisation's financial health is critical to its success. A great place to start is by understanding what a balance sheet is and what it can tell you about the health of your business.  Let us explore what a balance sheet is and how you can improve yours. What is a balance

For many individuals in the UK, gifting to grandchildren is an opportunity to reduce their tax burden. But before entering into any gifting arrangement, it is crucial to understand the various tax considerations that come with it.  We discuss some of the tax implications of gifting to grandchildren in the UK. Inheritance Tax implications UK

Businesses are running out of time to take advantage of the Corporation Tax super-deduction capital allowance scheme, which allows companies to claim back 130% on investments made in plant or machinery. The scheme runs until 31 March 2023. With Corporation Tax rates set to rise in April 2023 for more profitable businesses, there’s not much

You could see your Income Tax bill increase significantly in 2022-23 because of an Income Tax thresholds freeze announced by the Chancellor in the Autumn Statement. While the basic (20%) and higher (40%) thresholds are remaining at their current levels until 2028, rising wages will see people dragged across these thresholds over the coming years.

Chancellor Jeremy Hunt has announced a series of changes to the UK research and development (R&D) tax credit regime, including a cut to the deduction and credit rates for the SME scheme. The R&D SME scheme enhanced deduction rate will be cut to 86 per cent from the current 130 per cent, and the payable

The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption will fall from £12,300 to £6,000 from April 2023, before being cut in half again to £3,000 from April 2024. CGT is what you pay on any gains that you make when you come to sell an asset, such as a