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Russell Leggett - EEEGR Lifetime Achievement Award
We would like to extend our congratulations to Lovewell Blake Senior Partner, Russell Leggett, who was awarded the Lifetime Achievement Award at the 12th Annual EEEGR Innovation Awards held on Thursday 16th July.
Russell was given the award in recognition of his contribution to the local energy sector here in the East.
(picture of Russell courtesy of EEEGR.)
Summer Budget 2015
The Chancellor delivered his second Budget of the year yesterday. The details can be found in our Budget summary pages.
You can also go directly to the individual sections covered here:
If you have any questions about what is included please contact us.
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News and Events
As a shareholder of an owner managed company, it is likely you benefit from tax and NI efficient remuneration by drawing a low salary and then dividend to utilise the basic rate band of tax.
One (of many) issues that many family businesses face is that the strategy of the business has often been set by the older generation or was set in a previous generation. The result of this can be a general lack of buy in by senior management, missed opportunities for the business and a general drop in energies to drive the business forward.
Inheritance tax (IHT) is a tax on the money or assets that a person leaves behind when they die. It can also apply to gifts that are made within seven years of death.
The last Labour government introduced a 5% VAT rate on the supply and installation of energy saving materials for residential property. The European Commission (EC) disagreed with the decision to charge the reduced rate of 5% VAT and instigated proceedings against the UK. The EC won and we are now waiting for HM Revenue and Customs (HMRC) to announce when the VAT rate has to rise to 20%.
The Charity Commission has updated its ‘Guidance on Charity Reporting and Accounting’ (CC15) documentation to reflect the recent increases in external scrutiny thresholds.