In recent years, many companies have been preparing and filing ‘small company accounts’ under the Financial Reporting Standard for Small Entities (FRSSE). But now FRSSE has been withdrawn and small companies, or ‘micro-entities’, have a decision to make.
Archives for January 2017
There is never a good time to think about the unthinkable. But as HMRC reveals a 22% increase in Inheritance Tax receipts for 2015/16, a little forward tax planning now could make a big difference when you die.
Our current tax regime provides married couples and civil partners with opportunities to reduce their income tax liabilities by dividing assets between themselves. However, when it comes to dividing rental income, beware of the traps.
Last July, Prime Minister Theresa May made set about making major changes to the departments responsible for business. The new department overseeing business matters is now known as the Department for Business, Energy and Industrial Strategy. It’s not the snappiest of names so we’ll be using its acronym, BEIS.
Staff from RfM Ulverston helped turn fir trees into funds by giving their time to support St. Mary’s Hospice on their annual Christmas Tree collection day on Saturday 14th January.