If your company has received a winding-up order, it’s a critical situation, but not necessarily the end of the road. A winding-up order signifies that a court has ordered your company to be liquidated, often due to unpaid debts. However, in some cases, you can apply to have the order canceled (or ‘rescinded’), giving your […]
How to Cancel a Winding Up Order: A Step by Step Guide Read More »
A Family Investment Company (FIC) is a private company structure in the UK, commonly used by families to manage and control their wealth while benefiting from the lower corporate tax rates compared to personal income tax. It can serve as an alternative to trusts for estate planning, providing a flexible way to pass on wealth
The 2024-2025 UK budget has been released, and while it doesn’t bring sweeping changes, some important adjustments could affect both individuals and businesses. These changes, especially around thresholds, capital gains, and stamp duty, may have implications for your finances and tax planning. Let’s break down what you need to know in simple terms so you
UK Budget 2024 -2025: Key Tax Changes Impacting You and Your Finances Read More »
Inheritance tax (IHT) can be a challenging subject, especially for individuals domiciled in India who have connections or assets in the UK. Understanding how IHT rules apply to Indian citizens and how to navigate cross-border inheritance tax planning can help in managing potential liabilities effectively. Here’s a detailed look at how Indian domicile status impacts
Does an Indian Domicile Person Have to Pay Inheritance Tax (IHT) in the UK? Read More »
Are you using fluorinated gases (F-Gases) in your business? If so, you’re not alone. These versatile gases are used in refrigeration, air conditioning, fire suppression, and various other applications. However, due to their potent greenhouse effect, regulations exist to monitor and control their use. This is where your F-Gas report comes in. F gases, including
F Gas Auditing: Submit your Report Before the Deadline, Avoid Fines Read More »
Are you someone who works independently in the UK, like a freelancer or contractor? It’s great to have the freedom to manage your own time and work, isn’t it? But there’s a tricky part to this independence: handling your taxes. It can be a bit overwhelming, and if you’re not careful, you might end up
Stop Overpaying! Common Tax Mistakes Freelancers & Contractors Make in the UK Read More »
The role of a Company Secretary in the United Kingdom is pivotal in ensuring that a company complies with its legal obligations, maintains accurate records, and operates efficiently. From maintaining statutory registers to filing annual reports, a Company Secretary’s expertise is indispensable. In this comprehensive guide, we’ll delve into the responsibilities, benefits, and importance of
Get Your Annual Report Done Right & Fast: The Power of a Company Secretary Read More »
In today’s digital age, remote working has become the norm for many Londoners. Whether you’re a seasoned freelancer or a small business owner running operations online, understanding the tax implications is crucial for both employers and employees. This guide aims to simplify the complex world of taxes for self-employed individuals, freelancers, and small online businesses
Tax Implications of Remote Working for London Employees in 2024 Read More »
The Spring Budget, delivered by Chancellor Jeremy Hunt on March 6, 2024, outlined the government’s plans for tax reform and public spending. This explainer focuses on two key changes relevant to employers and employees: National Insurance contributions (NICs) and the High Income Child Benefit Charge. Lower National Insurance Contributions (NICs) The government announced a reduction
Spring Budget 2024: Key Changes for Employers and Employees (UK) Read More »
Getting married is a momentous occasion filled with love, commitment, and, believe it or not, potential tax benefits! While financial considerations shouldn’t be the primary driver for marriage, understanding the available tax breaks can be helpful for couples planning their future together. This guide explores the tax benefits associated with marriage in the UK, focusing
Tax Benefits of Marriage in the UK: Understanding What Applies to You Read More »
