Practical Guides
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Practical guide: what’s the tax treatment of inherited pensions?
A pension plan is a very tax-efficient way of saving money for later in life. However, savers may die before they can fully utilise their accumulated benefits. What are the key tax considerations in these circumstances?
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Practical guide: when is a PSA worthwhile?
If you provide certain benefits to your employees, a PAYE settlement agreement (PSA) could help with your administration. What are the agreements used for and what do you need to do to set one up effectively?
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Practical guide: are family investment companies still efficient?
With the hike in the corporation tax rate to 25% from 1 April 2023, as well as personal tax changes, is the strategy of holding investments through a family investment company still a tax-efficient solution for wealth accumulation and distribution?
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Practical guide: does entertainment need reporting on your P11D?
Your firm occasionally provides entertainment to employees. The HR department want advice to ensure they correctly report anything that is taxable, and to take advantage of any exemptions to minimise the liability. What should they know?
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Practical guide: Is incorporation still worthwhile?
Following months of uncertainty, the Autumn Statement finally clarified what changes affecting small company owners’ profit extraction would be retained. What were the key points, and is incorporation still worthwhile for growing businesses?
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Practical guide: are shares an alternative to paying cash bonuses?
ABC Limited is a company that usually pays an annual cash bonus to its key employees. However, the CEO has asked whether using share-based remuneration would be better given the current economic outlook. What are the tax implications?