2020/21 tax year know your numbers
Posted by Andrew_Smith on Friday 26th of June 2020
Whilst we would all probably agree that paying tax goes towards providing the important services we all rely on, no one needs to end up paying more than their fair share. Each year, the government announces the tax allowances and exemptions that we are entitled to and it makes sense to maximise their use in meeting our individual financial goals.
Here are a few figures worth knowing:
Personal taxation
At the Budget, the Chancellor’s main change to personal taxation was an increase in the National Insurance threshold to £9,500, which will ...
How secure is your business?
Posted by Andrew_Smith on Monday 15th of June 2020
Business protection is a crucial element in a company's financial future, but how many have cover in place?
You may have covered the tangible assets in your business, but have you protected the most important asset; the people who contribute directly to your bottom line?
If the answer is no, you could be putting your business at risk. After all, if you lost a key employee, this could impact the day-to-day running of the business, it could hit profits and create problems repaying an outstanding business loan.
Research by Legal & General in...
What is cashflow modelling?
Posted by Andrew_Smith on Wednesday 22nd of April 2020
“In this world nothing can be said to be certain, except death and taxes.”
Financial planning is all about preparing for those things that may not be so certain (and taxes). Plans should be reviewed regularly so they adapt to changes in your circumstances and reflect developments in the wider economy and financial markets.
Cashflow modelling, sometimes known as cashflow forecasting takes a view of investments, debts, income and expenditure. It takes in to account things like inflation, changes in income and interest rates.
It can then b...
Omnis Market Update Q1 2020
Posted by Andrew_Smith on Monday 6th of April 2020
By a number of measures, the first quarter of 2020 was the worst for equity investors since the aftermath of the Black Monday stock market crash in 1987. As coronavirus spread around the globe, and as the economic implications of efforts to contain its spread became clear, the eleven-year bull market in global equities came to a halt. Stock market indices across Asia, Europe and the US fell in unison, with the UK’s FTSE All Share index falling close to 35% from its peak.
Some – including us (see ‘Shades of 2008’) – have compared rec...