Pension time bomb

Planning to prevent the financial equivalent of climate change

Millions of workers across the UK could be heading for a significant shortfall in the amount of pension they need for an adequate income. The World Economic Forum (WEF) has issued a warning that calls on the Government to impose faster pension-age rises as it earmarks the UK as one of several countries facing a ‘pension time bomb’, with the UK pension savings gap reaching £25 trillion by 2050 if action is not taken soon.

Corporation Tax: The Patent Box

The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions. The relief will be phased in from 1 April 2013 and the lower rate of Corporation Tax to be applied will be 10%. This guidance only refers to patents but your… Continue reading Corporation Tax: The Patent Box

INCORPORATING A PROPERTY BUSINESS

Investors in residential property may be feeling like the government is out to get them. Increases to stamp duty, higher capital gains tax rates and the mortgage interest relief restriction have combined to make property investment much more expensive.

Robot Pubs – Could this be the future?

Robot Pubs – Could this be the future?
Robot Pub a forward thinking hospitality focussed technology company, offering EPOS and complimentary technologies, such as self-service and loyalty, to pubs and bars! The Thirsty Bear, where they initially piloted their latest technology, and which they now use to pilot and tweak new products, as well as test new software releases before launching to a wider customer base.

LEADING ACCOUNTANTS MOVE TO ‘THE OCTAGON’

LB Group, a Top 75 firm of Chartered Accountants, have relocated their Colchester office into the prestige ‘Octagon’ office building. The second floor suite totalling just under 5,000 sq. ft has been totally refitted to provide a mix of open plan and partitioned accommodation.

Does your company own a residential property worth more than £500,000?

If you own a residential property worth £500,000 or more within a company or a partnership with at least one corporate member, you need to be aware of the Annual Tax on Enveloped Dwellings (ATED) regime.