Inheritance Tax is currently charged at 40% if an estate has assets valued above the nil rate threshold which is £325,000, although the rate of Inheritance Tax drops to 36% if you give away at least 10% of your estate to charity. A married couple who leave their estate to each other are able to…Read more
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Recent Posts by Hill Lillis Admin
Is your pension auto enrolment date looming or have you recently received a letter from the Pension Regulator? If so please see our guide below that should help you through this daunting process: Confirm your staging date by going onto the Pension Regulator’s site. Assess the age and earnings of your employees, this will help…Read more
Start up guide to Employing within your business June 2017 One of the more difficult decisions a business-owner makes is when he (or she) know their business has expanded to the point where he is unable to do everything alone, and so he ventures into the sphere of becoming an employer to help the business…Read more
End of Financial Year Accounts – What Do We Need? As you reach the end of your trading financial year we are often asked “What information do you need from me and when?” Sue Williams, our Accounts Manager, has kindly put together this guide/ checklist to help you assemble the relevant documents. Do you keep your…Read more
Dividend Allowance reduced Companies have been hit by the decision to limit the dividend allowance to £2,000. The current Dividend Allowance allows directors and shareholders to take £5,000 of dividends out of their company tax free, over and above the personal allowance. So this change is to target small company owners who pay a small salary…Read more
Vehicle tax rate changes 2017 This only affects cars registered after 1 April 2017 Last year’s Budget Osborne made some radical changes to the way the UK tax’s cars. This is known as Vehicle Excise Duty or VED for short. The new regulations will come into place on 1 April 2017 and are going to…Read more
We have had several phonecalls earlier today regarding emails sent out by an email ending in @hill-lillis.net. This is not us and has no affiliation with us. If you are told about any payment to anywhere ring us before doing so as well as if there is any attachments on the email do not open.…Read more
Anniversary Event You may recall that we offered 15 bottles of locally produced wine in a draw of clients taking part in our survey or providing a testimonial during the course of the summer. Thank you for everyone who took part. The 15 lucky winners have been notified and were invited to join us for…Read more
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