Business owners considering selling their companies are being urged to accelerate their plans in a bid to avoid cuts in tax relief. Business Asset Disposal Relief (BADR), previously referred to as Entrepreneur’s Relief, offers a preferential Capital Gains Tax rate of...
As announced in the Autumn Budget, the national minimum wage (NMW) and the national living wage (NLW) are set to increase from April 2025. The hourly rate will depend on the worker’s age and whether they are an apprentice. Age of worker Hourly rate from 1 April...
The changes to capital gains tax (CGT) announced in the Autumn Budget are subject to anti-forestalling rules designed to prevent taxpayers from circumventing the new rates and rules. In the Autumn Budget the Chancellor announced an immediate increase to the main rates...
At the Autumn Budget the Chancellor announced plans to remove the exemption which allows unused pension funds to be inherited tax free. Currently, if a pension holder dies before the age of 75 their beneficiaries can generally inherit the remaining funds tax-free,...
A major hike in National Insurance (NI) contributions for employers is looming and now is the time for all businesses to consider ways of softening the blow. That is the view of Ian Parker, Director of chartered accountants and business advisors Whitley Stimpson,...
Payroll expert at accountants and business advisers Whitley Stimpson provides an update following the budget outlining the changes to employers’ costs relating to national insurance and the increase in the national living wage. In a significant move, the government...
