If an individual pension holder passes away before age 75, drawdown pensions paid to a successor can generally be received free from income tax. Where the pension holder passes away…
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The government have issued draft legislation for consultation on the proposal to merge the two forms of corporation tax relief for expenditure on research and development (R&D). For expenditure incurred…
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Parents and carers need to be aware that if either member of the couple has ‘adjusted net income’ more than £50,000, the one with the higher income will potentially be…
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The Government’s Tax-Free Childcare Accounts provide a 25% subsidy towards the cost of childcare. The account can be used to pay nursery fees, breakfast clubs, after-school clubs and registered childminders.…
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Tackling your role in business like a marathon can help you to focus on the big picture. Effective leadership requires more than just short-term thinking and quick fixes. Similar to…
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HMRC interest rates are linked to the Bank of England base rate. Late payment interest is set at the base rate plus 2.5%. Repayment interest is set at the base…
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At MMG Chartered Accountants, we firmly believe retirement should be a golden period marked by peace, enjoyment, and above all, financial security. Achieving this comfort hinges on gaining clarity about…
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Fantastic news for employers! There's a way you can fund staff social events without generating a tax bill. This isn't a mere concession—it's a legit statutory exemption if certain conditions…
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