For many people, being able to retire and retire well, can occupy a lot of thinking time. Careful financial planning plays an important role in preparing for a smooth and happy retirement. This is why it is important to make sure that you are receiving all the tax benefits that you are entitled to from […]
On the second day of the Labour Party Conference 2024, Rachel Reeves gave a speech about the economy. Along with giving a clearer picture about the approach that the Government will take when making taxation decisions, Reeves gave more details about some of the tax changes that will be expanded upon in the Autumn Budget […]
Planning to move overseas is exciting but planning it can become stressful. In order to keep the excitement alive and make your move as smooth as possible, it is best to prepare well ahead of time. This is particularly important when it comes to your finances and taxes. To make the most of your finances, […]
As we pass one month of a new Government, and wait in anticipation for the autumn Budget, speculation continues to mount about how Labour will raise the funds needed to meet its election pledges. With promises not to touch income tax, VAT or National Insurance, the latest rumours swirling around Westminster are in relation to […]
Over the past couple of posts, we have been trying to respond to questions and concerns that our clients have expressed about possible tax changes coming under the new Government. Needing to raise an estimated £50bn to fund their spending promises, we know that money needs to be found somewhere and as accountants, we are […]
Nearly a month after our new Government took power, there continues to be an increasing number of questions and concerns about how they are going to finance their spending promises. Many of you are beginning to ask us what the potential implications for your taxes could be under this new administration. Understanding your concerns, we […]
So, the polling stations have gone back to their day jobs, TV schedules have returned to some kind of normality, and our Labour Government is finding its feet in Westminster. Even though it is still early days in this new political era, we wanted to share some of our initial thoughts about what the next […]
As experts in UK taxation, here are four things we will be looking out for after tomorrow: As the election approaches, we are as curious as anyone to know what is going to happen. With our accountancy hats on and our clients in mind, we can’t help but be particularly curious to hear how the […]
Overseas Workday Relief (OWR) can be a valuable tax relief available to UK tax residents who spend part of their working time abroad, allowing individuals to exclude income earned from duties performed overseas from their UK tax liability, provided certain conditions are met. OWR can significantly reduce your UK tax burden, making it worthy of […]
If you're thinking about moving away from the UK, you should consider various implications for your UK taxes. Ideally, these considerations should be addressed before your departure. Here are key points to keep in mind: UK Tax Residence Status Firstly, you'll need to determine your future UK tax residence status. This involves answering a few […]
