Are you the business?
We have dealt with many business owners over the years in all shapes and sizes. Within this short article I am going to focus on some of the planning ideas available to businesses whose owners ‘are the business’. By this I mean a business that without a certain person would effectively possess no sale value.
Read MoreIt may have passed you by, but recently a little-known hedge fund called Engine No.1 (David) scored a direct hit with its shareholder slingshot to the forehead of one of the world’s mighty oil companies ExxonMobil (Goliath), stunning its adversary. Despite only owning 0.02% of ExxonMobil, it put forward a motion at the latter’s AGM to put nominees on the board of directors. It gained two of twelve seats. Quite a coup. Its simple rationale was straightforward:
Read MoreAs an investor one is always learning. Our perception of investing is guided by our experiences: those old enough to have been investing in the 1970s will retain uncomfortable memories of rampant inflation and the impact that had on cash, bonds, and the general travails of life when prices spiral upwards.
Read MoreAs an investor one is always learning. Our perception of investing is guided by our experiences: those old enough to have been investing in the 1970s will retain uncomfortable memories of rampant inflation and the impact that had on cash, bonds, and the general travails of life when prices spiral upwards.
Read MoreIn the past few months, it might appear – at least to some – that making money in markets is easy – just buy Tesla or Bitcoin and you are sure to double your money! That is to confuse gambling with investing, and these are certainly not recommendations by the way.
Read MoreRMail is an encrypted email service that we have been using to send emails that contains personal details within the body of the email or any attachments (regular review documents, reports, valuations, etc.).
Read MoreCapital Gains Tax (CGT) is paid by an individual when they have either sold or ‘disposed’ of an asset and made a gain on the original price they paid for it. The potential tax is only paid on the gain and not on the total sale value.
Read MoreThere are limits to the amount of gift aid that can be claimed by the charity and you could face a tax charge if the Gift Aid relief exceeds the UK tax you have paid during the tax year. You will need to have paid sufficient income or capital gains tax in the UK for a charity to claim the additional 25% of the donation.
Read MoreThe ability to support charity is one that is extremely important for many of our clients and indeed for people all around the UK.
The Charities Aid Foundation calculate that around £10 billion is gifted to charity in the UK each year. With the events of 2020 and effects of Covid-19, the need for charitable gifting is one that has been highlighted even more so, both with individuals wanting to make donations, and also the necessity for donations for charities to survive and continue with their respective works.
Read MoreIn the current environment of historically low rates, efficient cash management can be an effective planning tool that is often overlooked.
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