When considering the best structure for conducting business in the UK, entrepreneurs often weigh the benefits of operating as a sole trader, forming a private limited company (Ltd), or establishing a Limited Liability Partnership (LLP). While each structure has its advantages, an LLP offers unique benefits that make it an attractive option, particularly for professionals
As the new tax changes, announced in the October budget, come into force today (April 1st), it is important that business owners and high-net-worth individuals understand what has changed. Here is some insight into those changes, and how best to move forward into the 2025/26 financial year. For businesses The increasing employer national insurance
The uproar over increasing national insurance contributions and rocketing property prices has led to a return of wealth taxation issues rising higher up on the political agenda. One of the most well-known of these is inheritance tax. Inheritance Tax (IHT) is defined as a government levy on the estate (property, money or possessions) of someone
The global luxury goods industry, which includes high-value items such as superyachts and fine art, has been growing steadily for decades. Yet, one of the main risks associated with ‘passion investing’, or investing in items of desire, is that the high levels of adoration can often override rational decision-making. While emotions are an essential part
Rising house prices, poor wage growth and the increasing cost of education means younger generations face an uphill battle when it comes to their finances. Research shows that millennials are set to receive more money from relatives than ever before, and financial help from grandparents can make a real difference to younger people’s lives. “Grandparents
Many Brits have found that lockdown has been beneficial for their money, having cut back on personal spending and managing to put away some extra cash. According to eToro, Brits with unspent discretionary income are set to accumulate £75.5bn in savings in just three months. Restrictions on movement have meant that despite the financial hardships
Almost overnight, COVID-19 and lockdown changed the face of our economy and its legacy will be felt for decades. The coming months and years are undoubtedly going to be the most challenging in our lifetime for our economy, society and many of us individually. Unemployment, low productivity, declining competitiveness and low innovation will be hard
Many people call cryptocurrency the next step in the evolution of money. Since we have never had money like it before, it’s normal to question the concept and compare it with traditional currencies. “Business owners need to stay informed on financial trends in order to take advantage of new opportunities,” says Granville Turner, Director at
Millennials are often painted as globe-trotting creatures that spend more money on avocados than their future. But that can’t be further from the truth. Millennials tend to be good savers, at least compared to other generations. Industry data shows that more than 70% of millennials have started putting money away for retirement and beyond. “Millennials
As the name suggests, cryptocurrencies are an emerging currency based on cryptography. Bitcoin is the most famous example, but new ones are being launched all the time. But with so much information out there about cryptocurrencies, it can all get a bit bemusing. “As it happens, cryptocurrencies have been in existence for quite some time,
