Archives: October 2015

Death of the annual tax return: a nail in the coffin for accountants?

In his 2015 Budget, George Osborne confirmed plans to scrap the requirement to submit annual self-assessment tax returns in favour of a digital tax account system – the intention being to enable individuals and small businesses to submit accounts throughout the year via computer, tablet or smartphone. Assuming a...

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INPACT Wins Global Rising Star Award

Stanes Rand was extremely proud to be accepted as members of INPACT International in 2014, acting as sole representatives for Cambridgeshire and beyond.   INPACT are a world-class accounting alliance comprising more than 140 accounting firms across 60 countries worldwide.  Being accepted as a member reinforced our credentials as a firm...

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Using your pension pot as a tax free way to pass on wealth

Having introduced auto-enrolment in an attempt to improve pension saving in the UK, it seemed fitting that the government reform pensions per se to make them a more appealing option.  The Budget delivered in March 2015 certainly did not disappoint in this respect. Commencing April 2016, savers will have...

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Inheritance Tax changes breed discontent

  Policies that fail to benefit society equally invariably attract criticism to some degree.  This is certainly the case with regards to Inheritance Tax (IHT) on which the spotlight has shone brightly since the Chancellor’s second budget this year.  Without meaning to dismiss the current IHT nil rate band...

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