The Latest news from Turner Little
A trust is a legal instrument which can provide you with an effective way to manage your money and assets. You can utilise trusts to accomplish a number of estate planning goals, ensuring that your assets are handled appropriately. Turner
In late 2015 a study found that nearly half of UK adults want to set up their own companies. Turner Little looks at the benefits of becoming your own boss and starting your own business. Become your own boss A
Your staff can claim back any personal money used for business purposes from HM Revenue & Customs (HMRC) in tax relief. According to Small Business, almost a third of staff are losing at least £60 in unclaimed expenses every year.
There may come a time where you cannot control your own funds effectively. In these instances, you may want to establish a trust to ensure your money is managed appropriately. Turner Little explains how to set up a trust. What
Turner Little reports on high street bank HSBC’s recent decision to launch a new financing facility for British small to medium-sized enterprises (SMEs). HSBC SME Fund According to Small Business, HSBC has launched a £10 million (m) support package for
If you want to start your own company, you may want to think about forming a business partnership. With this business creation model, two or more people share ownership of the firm. Each partner contributes to the running of the
New figures show that by deeming expenses too small or insignificant to claim, sole traders and small businesses are losing out to the tune of millions of pounds in tax relief. Claiming expenses If you operate a business you can
On 6th April 2016, the Small Business, Enterprise and Employment Act 2015 came into effect. As part of this law, UK Companies and Limited Liability Partnerships (“LLP’s”) are required to maintain a People with Significant Control (PSC) register. Turner Little
A poor credit rating can limit your ability to live a normal life both personally and professionally, as well as limit access to the funds you need to obtain a mortgage or to start a business. Turner Little asks: what
Despite often attracting “bad press”, establishing an off-shore bank account can provide you with the effective means to manage your assets particularly when you live, work or buy property abroad or routinely transfer money between international accounts or currencies. Turner
Turner Little recently reported that nearly half of UK adults want to start their own business, with 50% of this number saying they would utilise their own savings to become their own boss. If you have got a great idea
April 2016 signalled the beginning of a new tax year, meaning that a wide range of government changes to UK tax policy have now come into effect. Turner Little explains the key tax changes small businesses should be aware of
Your intellectual property (IP) is one of your business’ most unique assets. Turner Little explains the importance of IP for UK companies. Why is IP important? IP refers to “creations of the mind” e.g. logos, designs, recipes etc. which are
On 1st April 2016, the government’s National Living Wage Policy came into effect. Employers are now obliged to pay staff over the age of 25 a minimum salary of £7.20 per hour. Turner Little looks into the what the policy
Increasingly, Britons are using the internet to research companies before they purchase goods and services. An effective website is essential in order to stand out from the competition and showcase your products and services. Turner Little discuss how to create
The duties of a limited company director are many and varied and include a number of compulsory financial tasks such as filling your businesses annual tax returns and corporation tax payments. You may wish to hire an expert to handle
UK Chancellor George Osborne announced the government’s 2016 Budget last week and revealed a major shakeup to business rates, the tax paid on UK business properties. Turner Little considers how this policy change could benefit UK small to medium sized
UK Chancellor George Osborne delivered the government’s 2016 Budget on Wednesday 16th March 2016. Prior to this speech, Bdaily questioned prominent Yorkshire companies, including Turner Little, on what the Budget could have meant for businesses in the region. Devolution and
Recently released statistics suggest that UK taxpayers saved millions of pounds in inheritance tax relief between 2014 and 2015. Tax exemptions Under UK law, the beneficiaries of an estate (money, possessions etc.) are required to pay inheritance tax if the
If you’re thinking about creating your own firm, the type of business you choose to set up is important. Should you operate as a sole trader or form a limited company? Turner Little looks at the pros and cons of