“Every day brings you a chance to draw in a breath, kick off your shoes and dance.” Oprah Winfrey
6 August 2023
It has been reported that 42% of eligible 18-20 year olds have not claimed the savings in their matured accounts. That’s £1.7bn in unclaimed funds Introduced by former chancellor Gordon Brown in September 2002, CTFs provided tax-free savings accounts for all eligible children in the UK who were born between 1 September 2002 and 2
Every week we take a look at what is trending in the accountancy and tax press and share items that we think will interest you. However, these are only outlines and where they relate to tax planning should not be acted upon without looking into them more completely as everyone’s circumstances are particular to them.
Recently, I saw a report that said that only 30% of businesses currently for sale will actually sell. I have just read an article that says that only 20% will sell. These statistics are alarming. After all these businesses will cease to trade and cease to exist. Presumably, the assets will either be sold, probably