#tax-planning

#tax-planning

Investing in a diversified portfolio not only helps shield against market volatility caused by uncertainties but also parallels how taxpayers should approach their tax planning.

McKay's passion for golf transformed from a youthful pastime into a business opportunity, connecting him with influential contacts in the agricultural industry.

Despite 36% of SMEs engaging in innovative activities, fewer than 6% are claiming R&D tax relief, risking significant savings.

Salary sacrifice enquiries have gone parabolic since the Autumn Budget. We've been rushed off our feet running clinics, webinars and workshops.

Robert Salter from Blick Rothenberg emphasizes the importance of treating tax management with the same seriousness as personal health, suggesting resolutions can enhance financial well-being.

In the Autumn Budget, the Government announced significant changes to a valuable IHT relief, APR. Under the proposed changes, effective from 6 April 2026, a £1m cap will apply to agricultural property, which is, under the current rules, wholly relieved from IHT regardless of its value. Any value exceeding the £1m cap will only benefit from 50% tax relief rather than 100% relief, leading to a considerable increase in tax liability for farmers.

"Taxable brokerage accounts provide greater flexibility than a retirement account and more investment options than a savings account," says Patrick Bobbins, emphasizing their versatility in investing.