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Everyone should have a will, especially if you have savings, investments or own your own business or a property. Around 56% of people who die in the UK every year do so without having made a will. Dying without a will (known as dying intestate) can mean that your wishes for your ‘estate’ aren’t fulfilled
Trusts can be confusing, and with so many variations around it’s not easy to work out which you need, or whether you need one at all. The factor that differentiates trusts is the reason for them being set up in the first place. It is important to understand the purpose of a trust before it’s
It’s a phrase most people have heard of, but do you know exactly what ‘Power of Attorney’ means? We’ve put together a handy breakdown of what it could mean for you and your family. In simple terms, Power of Attorney is a legal document in which one person (known as the ‘donor’) gives other people
Buy-to-Let Tax savings for Investors Anyone who is a Buy-to-Let investor holding property personally should consider this possible tax saving scenario. It might reduce tax on rental income as well as achieve a Capital Gains Tax (CTG) free uplift in base cost, while allowing income to be accessed free of tax. This possible solution which
If you run a business which trades for profit, you’re legally obligated to pay taxes to the government. But the taxes you pay depend on the type and size of company you operate, leading Turner Little to discuss; what taxes do small businesses have to pay? Small business taxes There are no specific ‘small business
If you’re not sure about the VAT threshold or when you need to register, then you’ve come to the right place. We’ve put together this brief guide to value added tax (VAT), the different rates, when they’re applicable and information on registration. What exactly is VAT? Value added tax is charged by businesses that are
While the beginning of April might conjure up dreams of long awaited spring sunshine and lighter evenings, it is also the start of a brand-new tax year in the UK. And that means various tax changes for everyone. The chances are that the new tax changes will make you richer if you’re already well off.
Self Employment in the UK continues to soar. As of the end of the quarter to July 2018, a record 4.6 million Britons worked for themselves, indicating that this is becoming an increasingly popular employment option. Turner Little discusses the key considerations when choosing self employment. Find work during Self Employment Look at how you will
You can reap a range of significant benefits when starting a business, but this also comes with a degree of financial risk. Instead of opening a business on your own, you could enter a franchise agreement. Here you (the franchisee) sign a contract with an established firm (the franchisor) to provide goods and services under their
If you are looking to set up a new business, you can reap various benefits by forming a limited company. Should you pursue this option, it is advisable that you utilise the services of limited company formation agents, such as Turner Little, to ensure that your business can become a success. Limited company benefits There
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