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For many families managing Inheritance Tax (IHT) exposure, confusion exists around lifetime gifting and how the ‘seven-year rule’ is applied. When used correctly, lifetime gifts to family members can form a cornerstone of effective estate planning, helping to reduce the overall value of a taxable estate.

For many families managing Inheritance Tax (IHT) exposure, confusion exists around lifetime gifting and how the ‘seven-year rule’ is applied. When used correctly, lifetime gifts to family members can form a cornerstone of effective estate planning, helping to reduce the overall value of a taxable estate.

In an increasingly competitive business environment, accurate and effective financial management can help firms retain an edge. Switching to Xero Accounting Software can help to streamline the financial management of your business, regardless of its size.

Director Luke Edwards is encouraging businesses to implement resilience strategies to stay competitive in challenging economic conditions.

Businesses may benefit from HMRC's annual function exemption to get a tax break on an upcoming Christmas Party, advises Director Paislei Godley.

With 39 per cent of SMEs still managing payroll in-house, according to research by Pay Captain, Prime Accountants is warning businesses not to underestimate the risks of payroll errors this Halloween season.

The economy has been in a precarious state recently, with international and domestic factors making things more difficult for individuals and businesses alike.

The economy has been in a precarious state recently, with international and domestic factors making things more difficult for individuals and businesses alike.

Prime Accountants, a leading accountancy firm in the West Midlands, has offered their unique insight into how small businesses can close the tax gap.