October 2016 Newsletter

“It is the lives we encounter that make life worth living.” Guy de Maupassant.


Networking can certainly be very entertaining and very beneficial to business. The last fortnightly Tuesday Shout Network meeting at Preston North End certainly conjured up an eclectic mix of characters and businesses! From the effervescent presentation of Shane from Stone Create to the mind-blowing magic of David Bugess there wasn’t a dull moment to be had. The Shout meetings also provide for an ideal opportunity to forge working relationships. We were proud to have a one-to-one with Heather Bryan from 20:20 Mediation and learn more about the life-changing work of Chris Burgess. Both Heather and Bryan will be showcasing their businesses in our upcoming newsletters.

 “The only way to predict the future is to have power to shape the future.” Eric Hoffer.

Business Communication Duplicate model

LinkedIn is a brilliant way to grow your business network and connect with like-minded individuals. It also provides for a platform for forging strong links, raising awareness of your own business whilst also promoting those who fit with your own ethos and values. This month we have met with Lisa McAllister, Liz Hardwick and Tina Cook. Next month we will be meeting with Jordan Sands. Linking in with those we have met to date has been a really positive thing and we thoroughly enjoyed welcoming Lisa, Liz and Tina to our Fulwood office.

“Personality has power to uplift, power to depress, power to curse, and power to bless.” Paul Harris.

We certainly hope that our interactions with others are nothing but uplifting! A chance meeting in August in Lancaster has led to us to making a connection with the last Thursday Networking Group which is held at the Sphere Bar in Lancaster. Last month, this was sponsored by Oglethorpe Sturton and Gillibrand LLP. We stumbled across Charlotte and Pamela at a NatWest First Time Buyers Event and they subsequently invited us to this networking group! Keep your eyes open. Opportunities abound – if you’re only looking!

“Watching your daughter being collected by her date feels like handing over a million dollar Stradivarius to a gorilla.” Jim Bishop.

Delighted to say we feel the exact opposite as we launch our “Over to You” section of our Newsletter. This month, we are delighted to introduce an invaluable piece from Victoria Taylor from Napthens. Victoria’s easy style delivers a very important message. Over to you, Victoria.

“The Residence Nil Rate Band – the devil is in the detail!” Victoria Taylor TEP. Solicitor at Napthens LLP.


“In this year’s Summer Budget the Chancellor, George Osborne, announced the introduction of an additional Inheritance Tax Relief for the family home. This is in line with the pre-election promise to remove family homes worth up to £1 million from Inheritance Tax. Although this headline figure still applies, as always, the devil is in the detail and the new rules are not entirely straightforward.

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October 2016 Tax Tips & News

To October’s Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.
We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice in your own specific circumstances. We’re here to help!

Finance Bill 2016 receives Royal Assent


The Finance Bill 2016 finally received Royal Assent on 15 September, enacting proposals announced in the 2016 Budget, Autumn Statement 2015 and Summer Budget 2015. Amongst other things, Finance Act 2016 includes provisions relating to income tax rates and allowances; restrictions on tax reliefs for travel and subsistence expenses (in effect since April 2016), the reduction of the lifetime allowance on pension contributions from £1.25m to £1m (again, effective from 6 April 2016); and the reduction in the main rate of corporation tax to 17% for financial year 2020.

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