At its heart, FinTech is all about disruption and shaking up old financial institutions with the use of technology. While the term (which combines the words ‘financial’ and ‘technology’) might conjure up images of cutting edge tech businesses, some of the latest FinTech developments could benefit businesses of any sector or size.

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Inheritance Tax (IHT), with planning, can be avoided. It is a tax levied on a person's estate when they die and on certain gifts made during an individual's lifetime. 

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Fired up with enthusiasm for producing the next must have widget or providing a service that will break social media?  Don’t get carried away – consider the following points…

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Stamp Duty Land Tax (SDLT) legislation is highly complex, particularly so since the introduction from April 2016 of the 3% surcharge on second homes and residential buy-to-let properties.  

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Businesses in the retail, hospitality and leisure sectors will receive a one-off grant worth up to £9,000 following the Prime Minister's announcement of a new national lockdown in England to tackle the growing cases of Covid-19.

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As the festive seasons gets underway, Thomas Westcott is supporting The Trussell Trust to build a hunger free future for people across the country.

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One stand-out lesson for me from the pandemic has been that those businesses which had already adopted cloud accounting generally fared much better under the restrictions. Though there are many benefits (security, time and cost savings and having access to real-time data), the dramatic move to remote working has perhaps now become the key driver.

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The transition of agricultural support payments will take place from 2021 to 2024. Over this time, British farmers will see an end to direct support payments, which are currently based on area claimed, and the introduction of incentive grants. These will be based on Government environmental objectives along with industry specific targets. 

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The 1 January 2021 is a key date for all businesses here in the UK that buy from or sell to counties within the EU. From this date VAT rules relating to imports and exports to and from the EU will change.

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AGMs and Members meetings

The rules for Charitable companies and CIO’s on holding AGMs and other meetings online have been extended to 30 March 2021 under the Corporate Insolvency and Governance Act 2020.

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