The Chancellor announced that he would re-introduce the SSP rebate scheme for eligible businesses, due to the increase in Coronavirus cases. Guidance has now been published...
Businesses in England impacted by the Omicron variant during what would have been their busiest period of the year are now able to apply for a share of £700m funding.
What is intergenerational financial planning and what does it really mean to a bereaved family on the death of a loved one? We look at the importance of discussions about pension death benefits and in particular the accurate completion of nomination forms. .
HMRC has announced it will be waiving late filing and late payment penalties for Self Assessment taxpayers for one month however taxpayers with sufficient funds would be best advised to submit their tax returns and pay their tax liabilities by 31 January.
Law Firm Ambition is a website that “makes it easier to grow your law firm”. It is a collaboration between seven leading suppliers to the legal services sector. Together, we are providing a library of constantly updated tips and advice, including FAQs, checklists, and articles. We also collaborate on podcasts and webinars.
It is no secret that interest rates on client and office accounts have fallen to historic lows. Many law firms are now receiving 0.01% on client monies and will feel a valued income source has all but disappeared. To make matters worse, as reported by the FT Adviser in February 2021, the Bank of England has written to UK banks giving them 6 months to prepare for negative interest rates
The annual allowance is an important number in the pension world. It sets the maximum tax-efficient amount of total contributions in a tax year – from any source – that can be made to pension schemes for your benefit. If the allowance is exceeded, then any tax relief you receive on the excess is effectively clawed back by the annual allowance charge.
From 1 January 2022, businesses that permanently move goods to Great Britain from other EU countries will need to be aware that full customs controls are being introduced.