Streets Chartered Accountants covers the success of its Charity Golf Day, inheritance tax reliefs applicable to farmland, National Insurance Contributions, and more in its new news roundup.
Golf Day Secures Hole in One for Air Ambulance
Streets was delighted to host its tenth annual Charity Golf Day on Friday 7th July, raising a record amount of more than £8,000 for the Air Ambulance. The total amount fundraised will be divided between three regional charities; East Anglian Air Ambulance, Lincolnshire and Nottinghamshire Air Ambulance and Yorkshire Air Ambulance. The winning team on the day was Varley Orthopaedics with Civil Recovery Solutions coming in second and The One Group in third place. The winners of the Longest Drive and Nearest the Pin competitions were Adam Aisthorpe and Paul Ward respectively…
Agricultural Schemes and IHT ReliefsThere are two main reliefs for inheritance tax that can apply to farmland. These are Agricultural Property Relief (APR) and Business Property Relief (BPR). APR applies to the agricultural value of the land and applies where it is occupied for the purpose of agriculture. The length of ownership and occupation required depends on who occupies the land; if it is occupied by the owner or a company they have a controlling holding in then the period is 2 years, if occupied by another, e.g. a tenant, then the period is 7 years…
Retrospective Voluntary National Insurance ContributionsThe UK government has announced a further extension to the deadline for making retrospective voluntary NICs covering the period from April 2006 onwards. If there have been gaps in your National Insurance Contributions, there is a possibility that you may not meet the qualifying year requirement to receive the full state pension (dependent on the size of the gap and how close you are to state pension age). Retrospective contributions can fill these gaps and ensure the full state pension is received…
Could you and your business get greater value from your Year-End? Not to be confused with the tax year-end which is 5th April each year, the year-end date for your business is specific to you. The largest proportions of businesses tend to opt for either a 31st December or 31st March year-end. Typically, most businesses, when it comes to their year-end will focus primarily on finance and financial reporting, with Directors, owners and shareholders keen to know the financial outcome…
Streets Summer Newsletter 2023It is looking as if the only respite we will get from ongoing economic challenges this year is warmer weather. Hopefully, readers of Streets’ newsletter will find something of interest that will help ease the burdens of rising fuel, food and other energy prices and provide business readers with ideas to meet their current challenges. As always, if you would like more information regarding any of the issues Streets has flagged in this summer edition, please pick up the phone…
SmartMoney – July/August 2023SmartMoney is the bi-monthly magazine from Streets Financial Consulting plc, Streets Chartered Accountants’ independent financial planning arm, full of news and helpful information on personal financial planning…
