“Ascendis have transformed the way the financial information is used within our business. We now make far more informed decisions based on the latest most relevant financial information. Ascendis also think out of the box and have saved us tens of thousands of pounds by helping us to manage our accounts and tax affairs much more efficiently.”
We can assist Owner Managed Businesses & Directors where:
We can assist entrepreneurs with:
Ascendis Tax & Wealth LLP concentrates its business activities within the High Net Worth market, one of the most dynamic and rapidly growing sectors.
Our client base includes very successful business owners and entrepreneurs, senior corporate executives, barristers, surgeons, Doctors/Dentists and professional sportsmen/women.
Most of our clients are referred to us either by our existing clients or through our expanding network of introducers.
If you are seeking a new adviser and would like a personal reference, our clients are happy to provide references as to our capability and services.
We can assist property developers / purchasers with:
We can assist sportsmen/women with:
We can assist individuals:
Working in association with partners, we have various business structures which will enable Contractors to fully optimise both their personal and business taxation affairs.
• Operating through a Limited Company.
Please look at our separate business:- Ascendis Contractor Solutions Ltd
• Options for Self-Employment or Employment which enables contractors and employee’s to take home around 83% of their income.
The March 2016 Budget announced that from April 2017 two new allowances of £1,000 each would be introduced for property and trading income.
Individuals with property income or trading income below the level of the allowance will no longer need to declare or pay tax on that income.
Those with relevant incomes above £1,000 can either simply deduct the £1,000 allowance from their property and/or trading income or they can deduct their actual expenditure in the normal way.
The rate of tax charged on directors’ overdrawn loans has increased to 32.5%.
ACCA’s free Budget 2016 newsletter was sent to just over 17,500 members who took and reused the content in record numbers.
The most popular article concerned directors’ overdrawn loans. This was a reminder that from 6 April 2016 the rate of tax charged on loans to participators increased to 32.5% (previously 25%). The new rates apply to loans made and benefits conferred by close companies on or after 6 April 2016.
8 Surprise Announcements of the Budget 2016
Most years, the budget “tampers with the edges”, changes rates and thresholds and throws in a great deal of anti-avoidance. This was a rare budget, with the government using its new overall majority to make some radical and surprising changes to several tax provisions that have in the past been left well alone. This article looks at some unexpected announcements that caught many commentators off-guard.