Here are the notes relating to the Autumn budget together with the tax rates guidance. Guide to autumn budget 2017 Guide to tax rates and allowances autumn 2017 As usual, please contact us with any queries you might have.
Following on from the success of our seminar on estate planning this week, we are pleased to be able to offer a FREE will check clinic. This will be held on Thursday 22nd February 2018 when Darren Norman of Watermark Legal Services will be at our offices to review your current will. Spaces are limited, […]
Following on from our very successful seminar on estate planning, it became clear that there is a general lack of knowledge about the importance of having a Lasting Power of Attorney (LPA). Darren Norman of Watermark Legal Services provided valuable insight into the problems that can be encountered if no LPA is in place. A […]
We are delighted to be able to offer a seminar on long term care and estate planning. This will be held on 7th November 2017 from midday until 2pm and light refreshments will be provided. The seminar will be delivered by Darren Norman of Watermark Legal Services and will cover a range of topics within […]
One of our lovely clients is working on a really exciting project at the moment. Take a look here! http://news.sky.com/story/bloodhound-jet-engine-of-supersonic-1000mph-car-fired-up-for-first-time-11060021
We are delighted to welcome Matt Besant to the Magenta team with effect from August 21st. Matt is joining us as a tax and accounts trainee and will be working closely with Stacey and Holly. He will also be taking a college day each week as he will be working towards the next level in […]
Six million men and women will have to wait a year longer than they expected to get their state pension, the government has announced. The rise in the pension age to 68 will now be phased in between 2037 and 2039, rather than from 2044 as was originally proposed. Those affected are currently between the […]
Your state pension age depends on your date of birth. For women, this age is gradually increasing and will reach 65 by November 2018. Thereafter it will rise to 66 for both men and women, then 67 and then 68. To qualify for the full state pension, you now need to have 35 qualifying years, […]
We are looking for a motivated person (ideally with level 2 AAT already) to join our friendly but dedicated team as an apprentice to train in both accountancy and taxation services. They should be willing to study Level 3 AAT with a view to moving on to ACCA examinations post apprenticeship. If you are interested, […]
It is relatively common for an asset (e.g. an investment property) to be jointly held in the names of a married couple (or civil partners). The general rule is that those individuals are treated for income tax purposes as beneficially entitled to the property income in equal shares. This is sometimes referred to as the […]
The changes to stamp duty for second properties is even worse for companies, as even the first purchase of a residential property is subject to the stamp duty supplement. Here is the link to the relevant Government web page. https://www.gov.uk/government/publications/stamp-duty-land-tax-higher-rates-on-purchases-of-additional-residential-properties/stamp-duty-land-tax-higher-rates-on-purchases-of-additional-residential-properties
Currently CGT is charged at 18% for individuals who are basic rate taxpayers, and 28% to the extent that an individual is a higher rate taxpayer or the gain exceeds the unused part of the individual’s basic rate band. These rates will be reduced to 10% for basic rate taxpayers and 20% for higher rate […]
