Pensions – act now to secure maximum rate relief

With the 50% tax rate under review, time could be running out for investors to take advantage of maximum rate relief.

George Osborne’s announcement that top rate of income tax could be scrapped gives investors added incentive to maximise their pension contributions now to ensure they secure the maximum rate relief.

Continue reading

Christmas complications

In March 2010, HMRC introduced iXBRL, a new electronic filing system which all UK companies are required to use when submitting their accounts and Corporation Tax returns. Companies had to make the switch in time for March 2011 – February 2012 filing deadlines. Whilst this may have caused financial headaches for most businesses this year, it is not over yet!

Continue reading

Alison Shorto does it again…

Congratulations to Alison Shorto who has achieved a first place prize for her recent ICAEW case study exam.  This isn’t the first time that Alison, who works as an audit assistant at our Reading office, has won such a prize – in fact,  this is the third, first place prize she’s won during her career so far!

Continue reading

Human Capital – A tale of six sectors

The last report we published on the recruitment industry sought to analyse trends in global employment. Here we delve deeper into some of the specific areas that small and medium sized Human Capital firms serve in the UK.

The idea is simple.

Continue reading

Target Corporate Finance advises on sale of Xchangeteam

Bristol advisory firm Target Corporate Finance has acted as lead adviser to marketing, media and communications recruitment specialist Xchangeteam to help the company secure a deal with the Pertemps Network group of companies.

Xchangeteam, which was founded by entrepreneur Emma Brierley in 1999, operates from offices in both London and Bristol and focuses on freelance and permanent recruitment in this specialist sector.

Continue reading

How to save on Inheritance Tax

From age 30 through to retirement, there are many ways that individuals can save Inheritance Tax, both on their own estate and any they are due to inherit. Traditionally, people didn’t start thinking about Inheritance Tax (IHT) until they retired, but times have changed. Higher taxes and allowance cuts for top income earners make the job of creating wealth harder, let alone your money then being taxed by a further 40% at the end of it all.

Continue reading

Target help raise £2.4m for Ethical Power

Boutique advisory firm Target Corporate Finance has played a key role in securing a £2.4m funding deal for renewable energy company, Ethical Power, from funders Downing LLP.

The deal will finance the installation and maintenance of solar photovoltaic panels through the creation of a new joint venture company.

Continue reading

New ruling opens way for VAT reclaims

A recent tribunal ruling could result in significant repayments for non-VAT paying organisations, including those in the healthcare, charity and education sectors, which have used employment agencies to recruit temporary staff since April 2009.

Continue reading

Where now for 50% tax?

George Osborne has made it clear that he wishes to scrap the 50% income tax rate to attract wealth creators into Britain, but with many Lib Dems set against the measure and demanding new wealth taxes, the Chancellor’s decision is far from straightforward.

The Chancellor has always said that the higher rate is a temporary measure; however, recent reports suggesting that 50% tax receipts will be lower than expected may have prompted him to review the issue sooner than planned.

Continue reading

Meet the entrepreneur: Lara Morgan

Lara Morgan is one of the UK’s most successful female entrepreneurs. At just 23 she’d set up her first company, Pacific Direct – a company which she transformed from a cottage industry into a multi-million business empire, manufacturing and supplying branded toiletries to luxury hotels in more than 110 countries.

In 2005, Lara famously took her workforce on holiday to Barbados to celebrate the company’s record £1m profit, before selling her majority stake in the business for £20m three years later.

Continue reading