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Family Investment Companies (FICs) have become an increasingly popular wealth management solution for families in the UK. By setting up a FIC, you can benefit from tax efficiencies, asset protection, and the ability to pass on your wealth to future generations.
As a UK business owner, navigating the complexities of the tax system can feel like a constant uphill battle. However, effective year-end tax planning for your business isn't just about minimising your tax liability; it's about strategically managing your finances to maximise profits and fuel future growth.
Who would have thought the humble double cab pick-up (DCPU) would find itself in the crosshairs of the taxman? Hidden within the recent Budget, the UK government has announced changes that are set to make these popular vehicles a bit less appealing.
If you're running a limited company in the UK, Corporation Tax is likely on your radar as it plays a fundamental role in the operation of your business...but the specifics might be a bit unclear. Understanding the intricacies of Corporation Tax is essential for business owners to accurately determine their tax liability and remain compliant.
If you're a business owner, you've probably heard the term "full expensing" but may not fully understand what it entails or its benefits. In this blog, we'll explore what full expensing is and how it can help reduce the tax burden on companies by providing tax relief on qualifying investments, ultimately offering both short and long-term benefits for UK businesses.
The government has been in total disarray since the recent 'mini-Budget' with U-turns on several policies and announcements, the dismissal of Kwasi Kwarteng and now another fiscal statement made by the new Chancellor, Jeremy Hunt.
While the economical challenges surrounding inflation and energy fees remained relatively similar to what was discussed in Rishi Sunak's Spring Statement, the current Chancellor announced a list of new support measures to boost economic growth in the UK Mini-Budget on 23 September 2022.