Why Trump’s tariffs could have more of an impact on your finances than you realise

As global stock markets reel in response to US President Donald Trump’s sweeping new tariffs, many UK businesses may assume this is a crisis confined to Wall Street or the multinational giants.

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Will a discretionary trust prevent your home from qualifying for the residence nil rate band?

No one wants to pay more Inheritance Tax (IHT) than they have to.

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HMRC issues important tax warning to employers

Are your payroll practices compliant with the new minimum wage rates?

1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase to the National Living Wage (NLW) and National Minimum Wage (NMW). 

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Major changes ahead for directors of close companies – New dividend reporting rules from April 2025

From 6 April 2025, directors of close companies will face a notable change in how they report dividend income on their Self-Assessment tax returns.

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Important updates to Making Tax Digital and late payment rates you might have missed in the Spring Statement

This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property.  

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Time is running out to make personal pension contributions for the 2024/25 tax year

The end of the tax year is fast approaching, and if you are considering making personal pension contributions, it is important to plan ahead to avoid missing the deadline.

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Major changes to Inheritance Tax from April – How new residence rules and the end of non-dom status could affect your estate

Major reforms to the UK’s Inheritance Tax (IHT) regime are on the horizon, with sweeping changes, particularly affecting non-domiciled individuals (non-doms) set to take effect from 6 April 2025.

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Capital Gains Tax clampdown – What HMRC’s surge in investigations means for you

HM Revenue & Customs (HMRC) has intensified its efforts to track down unpaid Capital Gains Tax (CGT), with recent figures showing an increase in compliance activity.

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What are the Inheritance Tax benefits of writing a life insurance policy in trust?

Inheritance Tax (IHT) remains a concern for many individuals seeking to preserve family wealth across generations.

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How neonatal care leave will affect your payroll and policies

From 6 April 2025, employers will need to accommodate a brand-new statutory entitlement: neonatal care leave and pay.

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