Lasting Powers of Attorney
Moore Kingston Smith’s legal team have created a guide on the function of the two types of Lasting Powers of Attorney (LPA). It also explores who can act as your attorney and how we can guide you through the process of completing an LPA. Download the guide How can Moore Kingston Smith assist me?…
READ MOREEstate planning and administration
Getting the right advice and planning ahead is crucial for estate planning and administration, as we cannot always predict what will happen in the future. As soon as you start accumulating assets and have dependants, or simply enter into a marriage or civil partnership, you should be thinking about protection and planning for the future.…
READ MOREWill preparation
A Will is a legal declaration of how you wish the assets in your estate to be dealt with after your death. Will preparation makes it much easier for your family or friends to administer your assets when you die. If you die without a Will the process can be more time consuming and stressful.…
READ MORESeed Enterprise Investment Scheme (SEIS)
The Seed Enterprise Investment Scheme (SEIS) is designed to help small companies to raise finance when in the early stage of starting up. SEIS offers a range of tax reliefs to individual investors who purchase new shares in those companies.
READ MORECash extraction from the family company
One of the most important issues for the family company can be taking money out of the business in the most efficient manner. Areas to consider for cash extraction What are the requirements of individual family members; in both the short and long term? How much cash should you be retaining in the business? What…
READ MOREResearch and development (R&D) agnostic guide
Leveraging valuable tax relief to fund business growth Research and development (R&D) tax credits are a government initiative designed to reward UK businesses for investing in innovation. Despite there being so many qualifying activities, business owners are leaving millions of pounds in potential savings on the table. This is money they’re missing out on that…
READ MOREThe role of an Executor
The people are legally allowed to deal with a deceased person’s estate are generally referred to as the Executors (nominated as such in a Will) or Administrators (where there is no Will). The term “personal representatives” is often used in reference to both Executors and Administrators. Acting as an Executor of a Will can be…
READ MOREUK Personal Tax – Compliance
The Self Assessment (SA) regime was introduced in 1997 and despite proposals for an overhaul, there is currently no timetable for change. As financial institutions now share information directly with HM Revenue & Customs (HMRC), it is more important than ever that UK personal tax compliance obligations are recognised and disclosures made on a timely…
READ MOREDomicile for UK Tax Purposes
Domicile is a legal concept which impacts on an individual’s UK tax position, and simplistically, an individual is domiciled in the place they consider to be their permanent home and where they have the closest ties. It is a concept that is separate to nationality and legal residence or citizenship. It is possible for an…
READ MOREGuide to inflation
As of May 2022, UK consumers are paying 9.1% more for everyday goods than they were a year ago – the highest rate of price increases in decades. Consumers can guard against rising prices by fixing certain outgoings, such as energy bills, loans and mortgages. But what about their savings and investments? Our guide to…
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