Recent Government data has revealed a drop in Capital Gains Tax (CGT) payments and the number of individuals paying it, a trend that might have important implications for the future.
Author Archives: Robb & Co Chartered Accountants in Sutton Coldfield
Non-doms set to face new Inheritance Tax hurdles
Starting next year, non-doms will face a tougher tax climate as Labour takes steps to fix what they see as outdated tax perks and overhaul Inheritance Tax (IHT) rules.
Pension crisis looms, so how can business owners help their employees?
The recent Scottish Widows 2024 retirement report highlights a growing pensions crisis, with the number of people not on track for even a minimal retirement lifestyle rising from 35 to 38 per cent over the past year.
Understanding the new process for PAYE refunds
The recent announcement by HM Revenue & Customs (HMRC) has introduced a change in the way PAYE refunds are processed.
Potential tax increases and their impact on businesses
In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.
The Tony Blair Institute’s chief economist predicts taxes may need to rise by 1.9 percentage points of GDP by the end of this Parliament to stabilise debt, potentially equating to over £50 billion.
I’ve taken over the family business and our accounting needs modernising – how do I achieve this?
Taking the helm of the family business is an exciting time and an opportunity for you to put your stamp on its operations and future direction. Continue reading
Five key financial metrics your business should be tracking for financial health
When you set up your business, it’s important that you recognise the value of data, particularly financial data.
Incentivising sustainable business practices for SMEs
It’s Clean Air Day this week, so the focus of the business community is on adopting green practices to become more sustainable – but cost is always a concern.
AI in tax investigations – What does it mean for you?
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Artificial intelligence (AI) is undoubtedly a major trend in accountancy and tax, with many firms, business clients and Government agencies recognising its benefits and adopting it.
Are you optimising profit extraction from your business?
If you’re a business owner of a limited company, it’s important that you know how to make the most of your after-tax profit to support your personal financial health – known as profit extraction. Continue reading