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28 Nov

Autumn Statement 2016


The first major economic statement since the EU referendum focused on measures to "prepare our economy to be resilient as we exit the EU".

Unsurprisingly, the Office for Budget Responsibility (OBR) forecasts for growth have changed since the last figures were published in March.  The prediction for 2016 is 2.1%, slightly higher than the 2% forecast in March 2016.

However, in 2017 growth is expected to slow to 1.4%, lower than the 2.2% predicted at the Budget in March.

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18 Aug

Extracting Profits From Your Business

A Guide To Tax-Efficient Profit Extraction For Business Owners

Owning and running your business is a tough proposition but it is vitally important that people continue to do it.  As well as the rewards that come from hard work and determination, there are also monetary benefits to running your own business.

There are a variety of ways in which profits can be taken out of a business, each with their own tax implications.  And, of course, tax rules have a habit of changing over time so strategies that worked in the past may not be best suited to the present.

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08 Aug

Lifetime ISAs

A Guide to the Lifetime ISA.

Announced by George Osborne in Budget 2016 and launching on 6th April 2017, the Lifetime ISA is designed to provide a tax-efficient option for people saving for a first home or retirement.

Buying a first home and saving for retirement represent two of the most important aspects of a person's financial life, but the latter can often fall by the wayside in the face of other challenges.

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