Currently, if someone dies before the age of 75, their pension can be drawn out by beneficiaries’ tax-free, as it is exempt from Inheritance Tax and Income Tax if it is under the Lifetime Allowance (LTA).
Category Archives: SMEs
Understanding ESG investments – What should you know?
The financial landscape in the UK, as well as globally, is in a constant state of change.
Ensuring your small business is prepared for the future
In the ever-changing business landscape that we see today, merely reacting to events as they occur is not enough.
Is cloud accounting the future for businesses?
In the world of entrepreneurship and small businesses, technology continues to revolutionise the way we manage our operations.
HMRC issues extension to deadline for voluntary National Insurance contributions
The Government has recently announced an extension to the deadline for individuals to pay voluntary National Insurance contributions (NICs), in a move that will benefit thousands of people across the country.
The benefits of outsourcing payroll in the tourism industry
While all businesses are free to manage their payroll in-house, there are many benefits to outsourcing this to an expert team of payroll professionals.Continue reading
Tips for launching a seasonal business
The allure of a seasonal business is strong for many entrepreneurs.
Quarterly VAT return and payment deadline approaching
Most businesses in the UK will need to submit VAT returns and payments every three months, with strict deadlines for these submissions set in place by HM Revenue & Customs (HMRC).
Better Business Day and what it means for start-ups and SMEs
New start-up businesses in the UK are as abundant as ever, but issues within society, climate change, and the cost of living have proven tricky obstacles to navigate.
The importance of financial reports as a business owner
As a small business owner, you will be in charge of many things and must juggle many responsibilities.