Browsing: Finance

Impact of proposed IHT changes can be mitigated Farmers concerned about increased Inheritance Tax (IHT) due to changes to Agricultural Property Relief (APR) should look into ways to mitigate its impact on the next generation now, say leading audit, tax and business advisory firm, Blick Rothenberg. Rob Goodley, a Partner at the firm, said: “In the Autumn Budget, the Government announced significant changes to a valuable IHT relief, APR.” He added: “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…

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In the 12 months between Q1 2023 and Q1 2024, the number of UK businesses in significant financial distress soared by 30.8% to 554,554. Surviving in an unforgiving economic climate requires organisations to derive as much value as possible from their assets, comply with safety standards and legal and other requirements, and cut as many costs as possible. A fixed asset management strategy can help organisations achieve this, regardless of their size or industry. Benefits of a Fixed Asset Management Strategy A well-crafted fixed asset management strategy offers several benefits, such as: Improved Visibility An effective fixed asset management strategy…

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Adams O’Rourke Accountants have won the Client Transformation Award, sponsored by Xledger, at this year’s Accounting Excellence Awards, and were highly commended in the Sole Practitioner of the Year category, sponsored by Allica Bank. These accolades reflect the firm’s exceptional ability to deliver transformative results for clients, using strategic financial insight and innovative approaches to help businesses thrive. Founder and director, Joan Adams, commented: “I am thrilled that all the hard work we have put into delivering transformative outcomes for our clients and their businesses has paid off.” “It’s an amazing feeling to have won the Client Transformation Award, and…

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With the Autumn Budget just days away, concerns are mounting across all sectors about the rising cost of living and its impact on businesses and entrepreneurs. Health Secretary Wes Streeting has warned of “difficult and big choices” ahead, while Shadow Chancellor Rachel Reeves faces the challenge of addressing a £14 billion deficit in the budget. As the government prepares for this critical financial announcement, there is growing consensus that the budget must go beyond short-term investments and deliver comprehensive reforms across all sectors. Sustainable spending solutions and future-proofing measures have never been more urgent. Businesses are particularly anxious about how…

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The increased activity is across the board, with the Private Wealth, Real Estate, Commercial and Retail, Hospitality & Leisure sectors all seeing an increase in instructions from clients looking to transfer and liquidise assets and finalise deals, prompted by concerns about the implications of measures tipped to be announced by the Chancellor on 30th October.   “We have seen a more than 200% increase in the last couple of months in enquiries from clients looking for tax advice and especially around the possibility of transferring assets out of their names to take advantage of the current rates of Capital Gains Tax…

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Leading audit, tax and business advisory firm Blick Rothenberg, has appointed John Bull as the Head of Private Client and recruited five new Private Client Partners in the last six months. Nimesh Shah, CEO of the firm, said: “I am delighted with John Bull’s appointment as Head of Private Client. John is one of the leading private client advisors in the country, and his leadership and contributions over the last few years have helped position Blick Rothenberg as one of the market leading private client teams in London.” He added: “The external recruitment of Alex Foster, Travis Lee and Kelly Greig to our…

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 Transcendent Financial Living, a Public Benefit Corporation founded by Dr Carmen D. Ortiz, is thrilled to announce its official launch on Monday, July 15th, 2024. The organization is dedicated to offering Universal access to its proprietary Self-Directed Transcendent Financial Living System, empowering every person to design and manifest their transcendent financial life, regardless of economic status, race, nationality, gender, or sexual orientation. Dr. Ortiz’s journey to founding Transcendent Financial Living PBC is a testament to her resilience and dedication. Born in Puerto Rico to a military family, Carmen experienced a transient childhood, moving around the US from ages 9 to…

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In a deeply emotional revelation, Sarah Burgess-Boyd, a victim of the Post Office scandal, has publicly criticized both the company and the government, shedding light on the profound toll the episode has exacted on her life. Burgess-Boyd, a former sub-postmaster from Newcastle, is among the 3,500 branch managers wrongly accused by the Post Office of theft, fraud, and false accounting between 2000 and 2015. These allegations were primarily founded on data derived from the company’s IT system, Horizon, which was later discovered to have significant flaws. Consequently, countless innocent individuals faced prosecution, their lives upended. Despite revelations of innocence, many…

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