Inheritance tax is largely a voluntary tax

HMRC have recently reported that they are expecting the revenue it receives from collecting Inheritance tax to increase to £3.3bn by the 2015-16 tax year. That’s up from £2.7bn in 2010-11. That’s more than a 20% increase in tax. However, Inheritance Tax is largely a...

Top 7 tax tips for Business Owners

Business owners are in the unique situation of being able to manage how much tax they pay personally. Not so the case for most non business owning employees. 1. Make sure you use the right combination of salary, dividends and director loan account payments As a...

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