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Gifts and inheritance tax

Inheritance tax (IHT) at 40% is due on the portion of a person’s estate that exceeds £325,000. This can be reduced to 36% if 10% (or more) of the estate is given to charity. Married couples and civil partners can transfer any unused allowance to their spouse, meaning...

Extracting profits from your business

A guide to tax-efficient profit extraction for business owners. Owning and running your business is a tough proposition but it is vitally important that people continue to do it. As well as the rewards that come from hard work and determination, there are also...

PKB hosts successful business event

Last week PKB Accountants hosted a successful and informative event for business owners. Taking place on the 6th of May 2016 at HSBC at the Thames Valley Business Centre in Reading, ‘Your Business…You’re Not Alone’ was a free event that allowed guests to discover more...

Event: ‘YOUR BUSINESS – you are not alone’

Come and join us on 6 May 2016 at this FREE invitation only event to discover information on current and relevant topics for your business: Access to finance—the best way to secure funding from the bank, what prevents a credit application being approved and new...

Think you’re safe from an HMRC enquiry?

Tax investigations Think you’re safe from an HMRC enquiry? Think again!   HMRC activity Connect 6 out of 10 enquiries are now selected by Connect, HMRC’s data matching and analytical computer system which holds over a billion pieces of data, collected from...

Dividends – tax rules are changing

Tax rules on dividends are changing from 6 April 2016.  From this date, tax credits on dividends are being abolished. Currently, if you take a £1,000 dividend, your gross dividend is £1,111.11 but from 6 April 2014, the gross dividend will be £1,000, the actual amount...