If over the years you have built up a large fund in your pension you may start to worry about what happens to the pot after your death and how much will the family get against HRMC.  Many folk with funds above £100,000 are looking to take benefits in retirement in other ways rather than [...]

As tax rates increase for individuals it may be a good time to review your position if you are a sole trader or in a partnership.  We all know that the rates of tax for individuals can reach up to 50% and this makes the amount of earnings that people hold on to less.  It [...]

HMRC has warned that millions of taxpayers could be targeted by fraudsters because of the PAYE blunder. The department said there could be “an upsurge of scam emails” seeking to take advantage of errors in the tax calculations of 5.7 million people. Fraudsters already target internet users by ‘phishing’ with scam emails purporting to come [...]

As HMRC looks at ways of getting in more tax to help the government fund it’s debt problems, small business is a likely target with evidence building that the pressure is on the local inspectors to chase every penny they can.  One small business was hit recently with a demand for £108,000 despite the fact [...]

With the end of Employee Benefit Trusts in sight many are now looking for ways to remove the cash from the trust in a tax-efficient method, well this can be done depending upon your circumstances. At Wade Corporate we have many ways of helping you reduce your tax and plan for your financial independence, get in touch [...]

Question:   The recession has led to more of my customers paying late. I know I can charge statutory interest on amounts paid late but I am afraid that this will damage customer relations.   Are there any other ways of addressing the problem? Answer: New research shows that 80% of businesses are suffering the [...]