Knowledge Bank

IFA Knowledge Bank: Overview

The knowledge bank contains a huge range of Briefings and Essential Guides on tax and related subjects covering many of the areas that business owners, managers and private investors should find helpful in understanding the impact of the tax system on them.

The aim of these papers is to provide a rapid access resource for our clients. Of course, you depend on us to provide you with good tax and financial advice that is both practical and dependable. But it can also be very helpful to you to develop a working knowledge of some of the key tax subjects that affect you.

You also want to think about your business and personal financial plans and you may find that in some cases, your knowledge of financial subjects will help you make the most of our advice and formulate plans that reflect your aims more effectively.

Financial planning

Financial planning is increasingly important in allowing you to take control of your finances and make your money work for you. Without it, you may be missing out on numerous opportunities to improve your situation. Our PDF guide covers topics including pensions, income tax, self-employment, and inheritance tax. Move a step closer to achieving your financial goals.

Tax

Tax is a complex area, and could be one of your biggest single costs. Effective tax planning can help to reduce your liability. Our PDF guides provide essential information on the taxation of earnings and investments, and cover a wide range of important issues, including income tax, residence and domicile, national insurance contributions and capital gains tax.

Investment

Investment can be an uncertain business – how much are you willing to risk when it comes to investment, and how will your returns be taxed? Investment planning can help you to establish your goals and maximise your returns. Our PDF guides explain the most common investment choices, giving you a complete overview of the structure and tax treatment of each type.

Retirement planning

Preparing for retirement can seem a daunting task, and for most of us building up a pension fund has never been more important. Recent changes to the taxation of pensions aimed to simplify the system, but how do they affect you? Our PDF guides cover the new rules and explain the range of financial options you may face at retirement. Assess your pension arrangements and plan for the future.

Estate planning

Do you know who will benefit after your death? As your circumstances and the tax rules change, it is important to keep your estate planning under review. Our PDF guides explain the perils of inheritance tax, the use and taxation of trusts, and why everyone should make a will. The earlier you start planning, the easier it may be to achieve your objectives.

Business planning

As a business owner, there are a number of serious issues to consider: how to motivate staff, how to extract profits and minimize taxes, and possible expansion. And what would happen to the company if you retired, fell ill or died? Planning for every eventuality makes good sense, allowing your business to run smoothly, whatever happens. Our PDF guides cover the pitfalls of corporation tax, as well as various share schemes which can help you to incentivise your employees.