Category: Business Planning

Small businesses with no business plan

Small businesses with no business plan Did you know that over a quarter (26%) of the UK’s small businesses face financial difficulties by failing to follow a structured business plan and subsequently putting their financial survival in serious jeopardy? Research carried out by the Centre for Economics & Business Research (CEBR) concluded that by neglecting to set out a...

When £5,000 of dividends are not tax free?

When £5,000 of dividends are not tax free? The legislation that followed detailed that this is not an allowance (such as the personal allowance). It was actually a zero rate of taxation that would be applied to the first £5,000 of dividends received by an individual. Whilst that may seem to be a technicality, it...

Companies investing in Life Assurance Bonds – Inheritance Tax (IHT) Business relief

Companies investing in Life Assurance Bonds – Inheritance Tax (IHT) Business relief Business relief, or Business Property Relief (BPR) as is it often called, gives a substantial relief from tax. It reduces the value transferred by either 100% or 50% depending on circumstances. The legislation, Inheritance Tax Act 1984 (IHTA), is ‘designed’ to give relief...

Pension Planning for business owners – Best way to extract profits

Pension Planning for business owners  Business owners are having to rethink the best way to extract profits from their company and pensions are most definitely in their thoughts. Changes to how dividends will be taxed from April could see a reduction in the spendable income they currently receive. A pension contribution could be the best...

Dividend changes – what it means for investors

Next year will see major reforms to dividend taxation.  There will be both winners and losers when the £5,000 annual dividend allowance is introduced next April. Higher rate taxpayers could be better off by up to £1,250 a year (£1,530 for additional rate taxpayers) but some basic rate taxpayer could be worse off by as...

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Logic Wealth Planning Limited is Authorised and Regulated by the Financial Conduct Authority. Registered in England and Wales number: 4206195. Registered Address: 18/19 Salmon Fields Business Village, Salmon Fields, Royton, Oldham, OL2 6HT. Trading address: Sigma House, 9 Southgate, Cross Street, Off Green Lane, Heywood, Greater Manchester, OL10 1ND. Telephone: 0808 1234 321.