If you have concerns about an elderly or vulnerable person, finding out whether they have an attorney or deputy to assist with their affairs may be crucial.

The Easter weekend will be a welcome break for some and, with the delights of Spring, comes the feeling of freshness and new beginnings. One such beginning is the new tax year, which commences on 6th April 2021.

The government have announced that, following recommendations by the Office of Tax Simplification, they are looking at ways of reducing inheritance tax reporting requirements. The government has now agreed to simplify the position so that, from 1 January 2022, over 90% of non-taxpaying estates each year will no longer have to complete inheritance tax forms for deaths when a grant of representation is required.

If you intend to leave savings, property or other assets to family or friends after you die, you need to consider the impact of inheritance tax (IHT). With the rate of IHT set at 40% for most estates above the thresholds, it is important to plan ahead, so that you can minimise IHT and ensure as much of your estate as possible reaches your loved ones.

If you are acting as an attorney or deputy for a vulnerable person, you might be finding it difficult to know what you can and cannot do under the current restrictions. The Government has now updated its guidance for attorneys and deputies, following the recent announcement regarding their roadmap for easing restrictions.

Chancellor Rishi Sunak delivered the 2021 Budget, which extended several Coronavirus support schemes and outlined plans for the country’s post-pandemic recovery.

With less than a week to go until the next Budget, on 3rd March 2021, speculation is rife as to what Chancellor Rishi Sunak may announce. With the pandemic affecting the country for more than a year, there are likely to be numerous Covid-related support measures announced.

With the UK Government’s current Covid-19 vaccination programme now well underway, the question of consent and whether or not to administer the vaccine to vulnerable loved ones is a particularly topical issue.

So, what happens when a person has neglected to update their Will and it therefore misses out on more favourable tax treatment? Is there anything which the beneficiaries or Executors can do about it?

Succession planning is an essential part of running a family farm business. Effectively planning for the future allows you to protect your assets, safeguard your business, ensure continuity and provide for your family. Succession planning in the farming industry is also vital to the sector's viability as a whole. In this post, we look at some of the key things you need to consider when succession planning for your farming estate.

Self Assessment customers will not receive a penalty for their late online tax return, with the tax return deadline being extended to 28th February this year, HM Revenue and Customs’ (HMRCs’) Chief Executive Jim Harra has announced.

If you are acting as a deputy for finance and property you may have some questions about your role and what you need to do.