Succession planning can take many forms, whether you are passing the business to a family member, arranging a management buyout, selling to a third party or setting up an Employee Ownership Trust (EOT). Whatever route you choose, having a clear understanding of your business’s finances is essential to a successful transition. Financial clarity and valuation […]
Read moreIf you are planning to establish a life overseas while owning a stake in a UK company, the first question you are likely to ask is whether you can remain a director. In short, yes. Non-residents and foreign nationals are permitted to be directors of UK companies even without residency in the UK or British […]
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Passing on wealth is about more than deciding who receives which assets. For many people, succession planning also means understanding the tax implications of their plans and putting the right arrangements in place ahead of time. Inheritance Tax (IHT) forms an important part of this process. Careful planning allows people to understand their potential liability […]
Read morePeople are always looking for ways to pay less tax. Tax allowances are one of the most effective and legitimate ways to do it, helping to mitigate against a large tax bill. These allowances are built specifically to reduce the amount of VAT, Income Tax or National Insurance Contributions that you pay. Some are more […]
Read moreWhile you may have the residency visa, an apartment and a salary untouched by UK income tax, you may still receive a notice to file a UK Self-Assessment. Being told you must file a Self-Assessment can come as a surprise for many people who relocate to the UAE, so it is important for expats to […]
Read moreGeopolitical tensions in the Gulf have seen expats returning to the UK en masse, sheltering from any further escalation in the region. While a temporary return to the UK might be the safe option, it could be accompanied by some hidden tax risks. A few extra weeks or months residing in the UK can trigger […]
Read moreBusiness recovery is rarely a straight line. Most companies experiencing financial or operational challenges move through a series of stages before returning to sustainable growth. Recognising the warning signs early and taking decisive action at each stage can make the difference between recovery and failure. Underperformance The first stage tends to be underperformance. Businesses in […]
Read moreThe Supreme Court ruled against BlueCrest Capital Management in a long-running dispute with HMRC, leaving the firm facing tax and National Insurance determinations of nearly £200 million. The ruling follows a wider HMRC focus on how members of limited liability partnerships (LLPs) are classified for tax purposes and comes as HMRC continues to scrutinise arrangements […]
Read moreMost, if not all, businesses will face cash flow problems at one point or another. This is why understanding some of the most common cash flow problems is important for business owners, so they know what to look out for. More often than not, cash flow problems are solvable if they are found early and […]
Read morePeople are always looking for ways to pay less tax. Tax allowances are one of the most effective and legitimate ways to do it, helping to mitigate against a large tax bill. These allowances are built specifically to reduce the amount of VAT, Income Tax or National Insurance Contributions that you pay. Some are more […]
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