Thinking to make a capital loss on disposal to a connected person in view of reducing other capital gains? The rules are different and may catch you out if you're not careful. While many of us like to hold onto our money, there comes a stage when it is beneficial to give it away to protect your family from inheritance tax.
The question is how much can you legitimately pass on? We have enjoyed a good working relationship with C&H Stedman over many years and have proved them to be 100% reliable and professional in producing accurate and timely Monthly Management Accounts and Year end Financial Reports.
The question is how much can you legitimately pass on? We have enjoyed a good working relationship with C&H Stedman over many years and have proved them to be 100% reliable and professional in producing accurate and timely Monthly Management Accounts and Year end Financial Reports.
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I like to get my head around complex situations and legislation and put these into a format that clients can easily grasp, enabling them to make sound decisions. I particularly enjoy the challenges of estate planning. After 3-4 years with HMRC I worked for 28 years in the tax department of Myers Clark, a leading firm of accountants in Watford, where I developed my grasp of personal and business tax.
We are a small but growing accounting practice, passionate about being trusted advisers to our clients. Two thirds of UK businesses are family owned and we're proud to be one of them. The understanding and relationships within a family make it a very good place for many businesses to prosper from. However, family businesses come with their own challenges, especially as new generations come into the business.
At C&H we promote regular client contact either face to face or through Zoom meetings to discuss completed accounts so our clients gain a growing awareness and understanding of their critical numbers. We are a small but growing family accounting practice, passionate about being trusted advisors to family businesses like our own.
On average, small business owners spend 10 hours per month on bookkeeping. This is 120 hours a year - equating to 15 full working days! Furthermore, businesses can save up to 40% of their current accountancy costs through outsourcing bookkeeping. Although there are many software types out there, we are constantly impressed with what Xero has to offer its customers and all the different integrations that work alongside it.
Although the enormous variety out there can seem overwhelming at times, we can help you with your needs through our preferred software, Xero together with other connected apps, to give you an all-in-one solution. If you haven't heard of Xero before, here's what Wikipedia has to say about it, "Xero offers a cloud-based accounting software platform for small and medium-sized businesses".
