Many of you will be aware that we have partnered with Lumen Financial Planning to offer regulated financial advice, what you may not be aware of is, that Jason Holmes, the owner manager, has recently become a fitness fanatic! Maybe it's a mid-life crisis, maybe just a determination to show he's not past it (yet!) but he has entered an Ironman Distance Triathlon Continue Reading
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7 Questions to ask when choosing your accountant
Are you a member of any professional body? Unlike other professions, anyone can open an office and call themselves an accountant, no training or qualifications are required! There are many unqualifieds out there, I suspect that many of their clients don’t realise they are unqualified! You wouldn’t go to an unqualified doctor, so why take a risk with your financial Continue Reading
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Tax anomalies
Institute for Fiscal Studies director, Paul Johnson, recently spoke at the annual Chartered Tax Advisor Address. He pointed out a number of the unnecessary complications and policies that have left the UK tax system more complex and less efficient. “For example: There is a basic rate of income tax of 20%, a higher rate of 40% and a top rate Continue Reading
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Why it’s important to plan
Consider this case study: Bill Smith, a self-employed electrician, purchased a brand new van 15 March 2014 for £18,000. Due to a downturn in the local economy his trading profits for the year to 31 March 2014 were just £9,400. Fortunately, he had secured a number of regular contracts for the following year that should net at least £30,000 in the Continue Reading
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