Earlier this week, I talked with a business owner who shared her regret about not incorporating her business. She continues to trade under her own name, which, while perfectly legal, can lead to higher taxes and expose personal assets to business liabilities. Many simple actions can significantly benefit your business or personal affairs. Often, picking […]
The Importance of Seeking Professional Advice for Your Business Read More »
The image on the right is what ChatGPT generated to accompany this blog. I’m not sure if the red wine is a compliment or not. You already know moving home is a significant milestone, often accompanied by a mixture of excitement and anxiety. It’s a complex process involving countless moving parts and varied emotions,
Navigating the Stress and Sentiment of Moving Home: Insights from Our Own Experience Read More »
Some of you may have noticed receiving email and text message reminders for appointments recently. We’ve been gradually introducing our appointment system on a trial basis. This system not only enables automatic reminders to be sent to clients but also empowers clients to book appointments themselves without the need to call our office. This flexibility
The Law Society and PSNI have been made aware of a number of attempts to defraud people in Northern Ireland in the process of purchasing a house. Please see the below information and remember – We will never change our bank details in the middle of a transaction. You should always refer to our Call,
Stay Alert: Rising Conveyancing Scams and Essential Precautionary Measures Read More »
Executor Walkthrough: Obtaining a Grant of Probate in Northern Ireland Introduction Being appointed as an executor of a deceased person’s estate can be a complex and emotional task. This walkthrough provides step-by-step guidance on how to obtain a Grant of Probate in Northern Ireland, a legal document that allows you to administer the deceased’s assets
You will no doubt have heard all about the PSNI data leak, revealing the names and rank of all 10,000 personnel. This has led to a predictable rush from solicitors to get as many of those affected in and signed up to retainers for their claim. You can practically see the money signs flashing in
Hey there! We’ve got some news to share with you – we’re saying goodbye to our fancy website and hello to a new, more customer-focused website. Now, we know what you’re thinking. “But why? Your current website is so sleek and professional-looking!” And while we appreciate the compliments, we realized that we were focusing too
We’re working on a new website & portal. We think you’ll like it. Read More »
Winter is coming. That much is certain. But what isn’t certain is what will happen to your estate after you’re gone. And that’s why estate planning is so important. In my world of Westeros, we know all too well the importance of planning for the future. Houses rise and fall, fortunes come and go, and
Estate Planning with Game of Thrones George R R Martin – More ChatGPT fun Read More »
Hello friends, We’ve something very special today as we’ve got a special guest blog post authored by Hunter S Thompson, sponsored by ChatGPT. I’ve also included the prompt for full transparency. JJT to ChatGPT: “In the style of Hunter S Thompson write a blog post on why people need a will.”“My friends, listen up
From HMRC’s website – “Capital Gains Tax (CGT) is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. It’s the gain you make that’s taxed, not the amount of money you receive. For example, if you bought a painting for £5,000 and sold it later for
Capital Gains Crash Course and Why You Need to Act Now Read More »
We’re going to be closed from the close of business Wednesday 21st December 2022 right through to Tuesday 3rd January 2023. It’s been a hectic year and we are all looking forward to a relaxing break. Wishing you all a Merry Christmas and a Happy New Year.
A few relevant announcements made by the Chancellor today: Stamp duty cuts will remain in place until 2025. That means no SDLT payable on residential purchases up to £250,000 (provided it’s not classed as a purchase of an additional dwelling). Capital gains tax allowance is cut from £12,000 to £6,000 from April 2023 and to
Attention Landlords All Landlords who pay lump sum rates on their rental properties have until 30th September 2022 (9 days time!) to pay to avail of the discount. If you pay your rental property rates by monthly direct debit you are unable to avail of this 10 % discount.
There have been a number of alterations made to the club licensing regulations and the main amendments are highlighted below: Sporting Clubs – Commenced 6 April 2022 This section deals with extending an area of a sporting club authorised to supply intoxicating liquor. New Article 15A in the Clubs Order (Extension authorisations for sporting clubs)
HMRC has recently updated its Trust Registration Service Manual in relation to penalties for trustees of relevant trusts within the scope of registration on the Trust Registration Service (TRS) for either Failure to register on time or failure to keep the information held on TRS up to date. A full link to the guidelines in
The length of notice period is dependent on the length of the tenancy. For Landlords this is: Tenancies less than 12 months = no less than 4 weeks written notice. Tenancies longer than 12 months but less than 10 years = no less than 8 weeks written notice. Tenancies longer than 10 years = no less
Changes in Residential Tenant and Landlord Notice Periods Read More »
It seems like only last week we were posting this for Christmas 2020… We’ll be closed for Christmas from Thursday 23rd December 2021 until Tuesday 4th January 2022. Wishing you all a Happy Christmas and a prosperous New Year.
Please note the office will be closing on Friday 9th July 2021 for the 12th week. We will be reopening on Monday 19th July, suitably refreshed and raring to go!
I was talking to someone earlier this who said if she’d known how she’d have incorporated her business, i.e. become a limited company. Instead, she continues to trade under her own name. There is nothing inherently wrong with this but it can lead to paying higher taxes or exposure of personal assets to liabilities of
New research suggests that 60% of adults in the UK don’t have a Will, but is this a problem? If you die without a Will you are known as intestate, the rules of which are covered under the Administration of Estates Act 1955 (peruse at your leisure). Who’s your Executor in an intestacy? Well, technically no one.
