Personal Finances - Page 2

If you are a taxpayer and you are concerned that you cannot pay your tax bill on time, you have the option to set up an online “time to pay” arrangement with HMRC.  This means you can spread the cost of you tax bill over a period of 6-12 months, helping improve cash flow.

A Steady Start to 2024 -
The year has begun on a tentative footing following the excesses of November and December, when asset prices galloped higher. Investors have paused to reflect on the ‘wall of worry’ that is said to accompany most bull markets. 

A change to the child benefit claims process means it can now be done entirely online through the government’s…

It was widely and incorrectly reported last week (w/c 8 Jan), that new reporting rules for digital platforms was…

In his 2023 Autumn statement the Chancellor’s giveaway came in the form of a cut to National Insurance rather…

In November 2023, HMRC launched a new voluntary disclosure route to allow individuals with undeclared capital gains tax (CGT)…

The Institute of Charted Accountants Scotland (ICAS) has made an interesting and very useful comparison of the 2023/24 Scottish…

Investors enter 2024 with optimism -
Global stocks closed 2023 with their fourth largest annual return of the last twenty years. But those gains mostly came from a narrow group. The seven largest companies in the US - Apple, Microsoft, Google, Amazon, Nvidia, Facebook & Tesla – returned a colossal 111% on average.

Self-Assessment deadline 31st January Countdown for 5.7 million customers to file their tax return With less than a month…

The Scottish Budget plans for 2024/25 were announced by the new Scottish Finance Secretary, Shona Robison, on 19 December 2023 and included a new income tax band for higher earners in Scotland.

We often take steps to fund for future retirement, manage our Inheritance Tax position or make Wills, but planning for care needs is seldom at the top of our lists.

In simple terms when we talk about business succession we mean the long-term plan for the business. In practice, it is difficult to cover all of the taxation and accounting issues surrounding succession in business across the generations in one short article, but here goes . . .