Vale & West Chartered Accountants Blog

What are the Inheritance Tax benefits of writing a life insurance policy in trust?

Inheritance Tax (IHT) remains a concern for many individuals seeking to preserve family wealth across generations.

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How neonatal care leave will affect your payroll and policies

From 6 April 2025, employers will need to accommodate a brand-new statutory entitlement: neonatal care leave and pay.

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Welcome news for thousands as Income Tax reporting threshold set to increase

In a move to simplify tax compliance and boost the economy, the Government has announced that the Income Tax Self-Assessment (ITSA) reporting threshold will rise from £1,000 to £3,000.

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The tax traps of director’s loans – How to avoid unnecessary charges

Director’s loans can be a useful way to access company funds, but if not managed properly, they can lead to unexpected tax liabilities.  

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Road tax changes for electric vehicles – How to secure an extra 12 months tax-free

If you own an electric or low-emission vehicle, you have likely enjoyed the benefit of paying zero road tax.

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Could a Family Investment Company help you manage tax and protect wealth?

For individuals and business owners looking to preserve wealth for future generations while maintaining control over their assets, Family Investment Companies (FICs) are an alternative option to trusts.

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Should you transfer investment property to a company? The tax benefits explained

If you own investment property, you may be wondering whether transferring it to a limited company is a smart financial move.

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HMRC sends letters as next phase of MTD edges closer

From April 2026, the way you report your income tax will change.

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The power of strategic planning and why your business needs a roadmap

It would seem fairly straightforward to point out that running a business without a plan is a bit like setting off on a road trip without a map.

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What counts towards minimum wage and what doesn’t? A must-read for employers

With the National Minimum Wage (NMW) increasing in April 2025, are you sure you are calculating it correctly?

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