Ensuring your loved ones receive what is rightfully theirs in the future is the most common reason for making a Will. Imagine if, despite setting out your wishes in a Will, your heirs could still lose their inheritance. This can, and does, happen. We explain how and what you can do to make a truly formidable estate plan.
Apart from the obvious, this year has been dominated by one thing: digital technology. Businesses that already had strong digital infrastructure have found it easier to survive – if not thrive – post-lockdown. We want to help as many businesses as possible secure their place in this digital future and are proud to launch a new service from RfM Business Consulting: Transform Digital Technology.
On 24 September, Chancellor Rishi Sunak announced a series of new measures to support businesses and employees affected by the ongoing coronavirus situation. These include a new Job Support Scheme, an extension to the Self-Employment Income Support Scheme, more time to pay VAT and tax owing from Self Assessment, and an extension to the hospitality VAT rate cut.
As we tentatively emerge from the shadow of the full COVID-19 lockdown, Tony Backhouse evaluates how the rules of business have changed and steps businesses can take to secure their place in the ‘new future’.
Is your Will still valid and right for your life as it is now? Take advantage of our free Will review service to make sure.
Since April 2020, any Capital Gains Tax due on the sale of residential property must be paid within 30 days. We have seen a number of cases recently where vendors have not been made aware of the requirement by their solicitors or agents.
Financial gains made on the disposals of residential property will usually trigger liability for a capital gains tax (CGT). The exception to this rule is when you dispose of your main home, thanks to principal private residence relief (PRR).
An update on the coronavirus business support initiatives including the Job Retention Scheme, Job Retention Bonus, Self-employed Income Support Scheme and new Local Lockdown grants.
Many aspects of workplace operations have had to change significantly in response to COVID-19 and social distancing restrictions. You may want to review how, when and where your staff work going forwards but take care to respect employment law and workers rights when changing employee contracts.
If you are VAT-registered and work in building and construction, take note. The introduction of the VAT domestic reverse charge, postponed for 12 months last October, has been put back again.
The COVID-19 lockdown saw a surge in the numbers of employees working from home. Many staff have yet to return to their place of work and may not for some time. We provide the answers to frequently asked questions about tax and working from home expenses.
The fallout from the COVID-19 pandemic is huge and far-reaching. As expected, many businesses are now having to make difficult decisions about whether they can afford to keep their staff on or need to make structural changes. Difficult decisions invariably lead to difficult conversations… but there are things you can do to minimise the pain and emotion that comes with them.
In last Wednesday’s Summer Statement, Chancellor Rishi Sunak announced an innovative new scheme to encourage people to venture back into restaurants and cafés for a meal. RfM has pledged support to the Eat Out to Help Out scheme by giving an extra cash incentive to colleagues who dine out at a participating venue.
If your business has been affected by the coronavirus, you will no doubt be exploring all the options for cutting costs and increasing revenues – including reducing your payroll. But redundancies may not be the best or only way to save money or improve the productivity of your workforce.