Posts by: Kirk Rice LLP
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Kirk Rice Enter the Accountancy Age 50+50 Rankings 2023Written on December 5, 2023 by Kirk Rice LLP
Celebrating excellence in accountancy practice, the Top 50+50 Accountancy Firms 2023 shines a spotlight on top accounting firms in the UK. Each year, they collate information on the top 100 firms, putting a spotlight on those shaping and defining UK accountancy. Accountancy Age also gathers information on other key aspects of each firm, including the […]
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The Tax Implications Of Christmas Parties, Staff Gifts, and Trivial BenefitsWritten on December 5, 2023 by Kirk Rice LLP
Christmas Parties We are often asked about the potential tax implications of throwing a Christmas party for employees. This question needs considering from two angles. The first is whether the cost would be an allowable expense for business tax purposes, the other being whether it would be a benefit taxable on the employees via their […]
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Equity Release – Is Early Retirement Possible?Written on December 5, 2023 by Kirk Rice LLP
When Mrs F examined her most recent mortgage statement and realised she was looking at another 14 years of the same job to which she had dedicated 40 years of her life to pay off her mortgage, she had an epiphany. The idea of retiring at the age of 74, chained to monthly mortgage payments, […]
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UK Transfer Pricing for UK Subsidiary CompaniesWritten on November 29, 2023 by Kirk Rice LLP
When incorporating a subsidiary in the UK, it is necessary to consider the nature of the services that will be provided both by and to that company and how these services should be charged. Typically, this includes administrative services between the companies, intra-group financing and stock transfers. In the UK, companies within the transfer pricing […]
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A Financial Planner’s View on the Autumn StatementWritten on November 23, 2023 by Kirk Rice LLP
From the individual’s perspective, the headline was National Insurance cuts for the employed and Self-employed. Many will welcome the 2% and 1% reduction, respectively, given the financial pressures that the last 18 months of inflation have caused. In a similar sentiment, the National Living Wage (NLW) has given those on lower earnings a much-needed lift, […]
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Autumn Statement 2023 – What You Need To KnowWritten on November 23, 2023 by Kirk Rice LLP
The Autumn Statement had been initially trailed as focusing on the longer term issues facing the country, but Mr Hunt decided to prioritise short-term tax cuts over maintaining future expenditure. The most headline-grabbing immediate moves were cuts to national insurance and placing the expensing of corporate investment onto a permanent basis. Some of the rumoured […]
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Celebrating Staff PromotionsWritten on November 21, 2023 by Kirk Rice LLP
Kirk Rice LLP is delighted to announce the further strengthening of the firm with the promotion of Kirsty Heslop, Sarah Godwin, Gauhar Chaudhary, Jamie Fudge and Jack Leach. Kirsty joined Kirk Rice in 2001 when she was 19, straight from completing her A levels. She was our first-ever apprentice and our second ‘homegrown’ partner. She […]
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Increasing or Level Annuity – Whats Are the Pros and Cons?Written on September 19, 2023 by Kirk Rice LLP
Increasing annuity will initially pay a lower Income compared to a Level annuity. However, the income from the Increasing annuity will increase each year and eventually it will pay the same amount of income, and thereafter more, as the Level annuity. If you selected an annuity that increased at 3%pa it would typically take […]
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Pension Transfers into an Employer SchemeWritten on September 12, 2023 by Kirk Rice LLP
Whether or not pension transfers are a good idea is a common question from clients. Kirk Rice offers holistic advice and will want to understand your current circumstances and your future plans and goals. We will want to discuss your plans around retirement ages and what retirement income you will need to achieve to meet […]
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Pension ConsolidationWritten on September 6, 2023 by Kirk Rice LLP
Pensions are a core financial planning investment and a tax-efficient vehicle, making them an attractive way to save for the future. Pension rules regularly change, and most people could benefit from regular advice. There are several aspects to consider when thinking about pension consolidation into one plan. It makes it easier to manage being under […]
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