It’s a phrase most people have heard of, but do you know exactly what ‘Power of Attorney’ means? We’ve put together a handy breakdown of what it could mean for you and your family.
In simple terms, Power of Attorney is a legal document in which one person (known as the ‘donor’) gives other people (their attorneys) the right to act on their behalf.
There are different types of Power of Attorney, depending on how long you want it to be in action. An Ordinary Power of Attorney is a temporary convenience, while longer-term arrangements are known as Enduring power of Attorney (EPA) or Lasting Power of Attorney (LPA).
Read the article in full on the Turner Little Blog.
Thursday, 15 February 2018
Thursday, 8 February 2018
Turner Little’s view on why you should consider setting up a trust
Trusts can be confusing, and with so many variations around it’s not easy to work out which you need, or whether you need one at all. The factor that differentiates trusts is the reason for them being set up in the first place.
It’s important to understand the purpose of a trust before it’s set up, and whether the agreement is what you need. At Turner Little, we can help you choose the right trust for your purposes. We’ve come up with reasons why you should think about setting up a trust.
It’s important to understand the purpose of a trust before it’s set up, and whether the agreement is what you need. At Turner Little, we can help you choose the right trust for your purposes. We’ve come up with reasons why you should think about setting up a trust.
Do you have a will? Almost two thirds of adults in the UK don’t…
While everyone is aware that making a will is necessary, most people leave it on their ‘to do’ list. Research shows that almost two-thirds of UK adults don’t have a will, which means their estate could go to someone they haven’t chosen after they die. An estate covers more than you think – it’s not just property and money, it also includes all possessions and even dependent children can be involved.
At Turner Little, we know how important it is to have a plan in place for after your death, and we also understand it’s not always a priority for people busy with day-to-day life. Here’s why you must start planning for your dependents after your death.
At Turner Little, we know how important it is to have a plan in place for after your death, and we also understand it’s not always a priority for people busy with day-to-day life. Here’s why you must start planning for your dependents after your death.
Tuesday, 6 February 2018
Turner Little lists the seven Inheritance Tax exemptions you need to know about
It’s important to make the most of limiting potential liability when it comes to your Inheritance Tax (IHT).
IHT affects more people than ever, because the threshold has stayed the same since 2010, while house prices have continued to rise. This has shifted the focus of IHT being more of a very wealthy person’s problem to it affecting middle class families too.
IHT affects more people than ever, because the threshold has stayed the same since 2010, while house prices have continued to rise. This has shifted the focus of IHT being more of a very wealthy person’s problem to it affecting middle class families too.
Learn about the 7 Inheritance Tax exemptions you should know about.
Turner Little on why SMEs often pay more corporation tax than they should
You may assume that SMEs would pay comparably less corporation tax than larger businesses. However, information from accountants Moore Stephens found that they paid more in 2016.
The corporation tax paid by SMEs in 2016 was 21.7% while businesses that have a turnover of more than £1bn paid an effective corporation tax rate of 20.1%, showing a reversal of previous results.
Read why SMEs often pay more corporation tax than they should in full.
The corporation tax paid by SMEs in 2016 was 21.7% while businesses that have a turnover of more than £1bn paid an effective corporation tax rate of 20.1%, showing a reversal of previous results.
Read why SMEs often pay more corporation tax than they should in full.
Wednesday, 31 January 2018
Turner Little on how to choose the best business structure for your needs
When you’re starting up a business, and particularly if it’s your first-time, the legalities can be confusing. Your idea may be sound and you have the ambition, but do you know which legal structure you should choose?
Everything, from the way you pay tax, make decisions and how your business grows, depends on the legal structure of your business. You must decide at the outset of your business but bear in mind you can change it later if it becomes necessary.
Everything, from the way you pay tax, make decisions and how your business grows, depends on the legal structure of your business. You must decide at the outset of your business but bear in mind you can change it later if it becomes necessary.
Here we discuss the Business Structure options for all scenarios.
Why you don’t need a revolutionary idea to start a business
There are 5.5 million small businesses and start-ups in the UK today, and the appetite for going it alone isn’t slowing down. But sometimes, that ‘Dragon’s Den’ lightbulb moment proves elusive.
Does that mean your entrepreneurial dreams should be over? We don’t think so. If you want to be your own boss but you’re worried you don’t have an epic enough idea, this doesn’t need to stand in your way. The team at Turner Little has come up with a guide on how to launch your start-up anyway…
Does that mean your entrepreneurial dreams should be over? We don’t think so. If you want to be your own boss but you’re worried you don’t have an epic enough idea, this doesn’t need to stand in your way. The team at Turner Little has come up with a guide on how to launch your start-up anyway…
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