Bitcoin has been making the headlines as more people have sought to make money through buying and selling this new ‘cryptocurrency’. But what is bitcoin? Should you be thinking of investing? And what do HMRC make of it?
The Open Banking Implementation Entity (OBIE) invites you to ‘Manage, move and make more of your money’. But what does ‘Open Banking’ actually mean for the customers of the UK’s largest banks.
The rules on tax-deductible expenses for the self-employed, state that any costs must be incurred ‘wholly and exclusively’ for the purpose of the business. When paying family members, to qualify for tax relief there must be no indication that the money was paid for a dual purpose. A recent tax tribunal case illustrates how easy it is to make an error, and we explain how to get it right.
Investment in Research & Development is key to economic success and the government has introduced a number of incentives to support businesses that innovate, create and invent. At RfM, we share this view, and are committed to helping eligible clients offset the cost of R&D activity with additional reliefs and R&D tax credits.
If making a Will is something you keep meaning to do but haven’t got around to, we can’t stress the importance of moving it up your ‘to do’ list.
Malcolm Snape is the eponymous owner of William M. Snape Manufacturing and the inventor of a number of revolutionary, patented flood defence products. We spoke to Malcolm to discover what inspired him to specialise in flood defence, the quest to perfect his product, and how RfM supports his business to grow and expand.
It’s no secret that, in today’s climate, more and more first-time buyers are turning to the bank of mum and dad when looking to get their foot on the property ladder. House prices have increased steadily over the last few years, with the average UK property costing a whopping £226,071 as of November 2017 – an increase of 5.1% over the previous year.
Hot on the heels of the launch of RfM Legal Services, we have more exciting news to share with you. You can now call upon RfM for help with a range of mortgage matters, including remortgages* and funding for commercial property.
RfM Partner Gillian Isibor marked the 20-year anniversary of her arrival at the Preston practice… by speaking to us about how the firm has changed during that time, the skills she brings to the leadership team, and her vision for the future.
RfM Accountants is proud to have been featured in this year’s Parliamentary Review, an annual initiative to showcase best practice in all sectors of business across the UK.
This week (5-9 March) is National Apprenticeships Week 2018. During the week, employers and apprentices will come together to celebrate the success of apprenticeships and encourage even more people to choose this pathway to a great career. Here at RfM, we are celebrating the achievements of our current apprentices and more experienced staff who trained via the apprenticeships route.
Getting a mortgage can be a challenge at the best of times. For the UK’s nearly five million self-employed people, the process is even more difficult, but that’s not to say it is impossible… [Read more…]
Inheritance Tax (IHT) at a rate of 40% may be charged on the estate when someone dies, unless it has been left to a spouse or civil partner. When planning to mitigate the impact of IHT, there are a number of key points and tax reliefs to bear in mind.