Getting ready to retire

Getting ready to retire

The changes to the pension rules announced in the Spring Budget were designed to dissuade higher earners from retiring early to avoid pension charges on high contributions but the new rules could have the opposite effect. Individuals can now contribute up to £60,000...
Recognising capital losses 

Recognising capital losses 

The annual capital gains exemption (currently £12,300) may cover most of the capital gains that you make on your share portfolio. However that exemption will be cut to £6,000 on 6 April 2023 and £3,000 in April 2024.  If you are planning to make large capital...
Planning dividends in 2023

Planning dividends in 2023

Owners and directors of family businesses often take a small salary from the company and any extra funds as dividends. Other family members may also hold shares in the company and receive a dividend each year. The first £2,000 of dividends received by each taxpayer is...
Loans to employees to meet costs

Loans to employees to meet costs

What are employee loans? We are often asked questions about employee loans. Many employers will advance modest loans to employees to meet upfront costs which they necessarily incur to enable them to work, such as a travel season ticket or a deposit for childcare...
Crack down on cloned companies

Crack down on cloned companies

Are we to expect a decline in the number of cloned companies? The National Crime Agency estimates that £78m was lost in cloned companies scams in 2020 and that is probably an underestimate as many frauds are not reported. Criminals set up companies with names that are...