Andrew Burman’s Post

🔴 The last few weeks of the tax year are a good time to review your financial arrangements with your accountant. We are in a period where the freeze of many #taxrates and #taxthresholds continues to increase the government’s tax take, but there are still many useful ways to arrange your affairs tax efficiently. To note are > the further reduction to the capital gains tax annual exempt amount > a further cut in Dividend Allowance > the introduction of basis period reform for unincorporated businesses. The good news is that there’s still time to plan, and make the most of allowances, ahead of your new #taxreturn being issued after the 5 April 2024. Make sure your family and business finances are arranged as efficiently as possible. 📢 Our experts are on hand. Get in touch today. REVIEW YOUR AFFAIRS: TAX PLANNING https://lnkd.in/eJSwZwbm

UNWELCOME TAX NEWS “Budget 2024 announces the government’s intention to increase the inclusion rate on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and trusts from one-half to two-thirds, by amending the Income Tax Act, effective June 25, 2024,” the budget reads. https://lnkd.in/gKh2geC7 #taxprofessional #taxes #business #canada #Budget2024

Some significant tax changes in the UK Budget last night, read Fairway Tax and Accounting's summary here https://lnkd.in/gbCMBx8a to see how the changes impact you!

Read my commentary regarding the proposal to lift corporate tax rates in FDI Intelligence: https://lnkd.in/eK-JgP6g #reshoring

What did you make of Budget 2025? Don't miss Paraic Burke's analysis of the missed opportunity to implement much-needed tax simplification in his article with @The Irish Times here. #Budget2025 #TaxPolicy

"Global tax regulations are increasingly complicated and there are parallel demands for greater transparency. Tax teams must harness technology and overcome a growing list of challenges if they are to ensure compliance and report with confidence." I enjoyed reading this insightful report from Mark Kennedy and Alison Lobb. The top 3 takeaways at the end summarise the piece nicely. #DeloitteTax #CSRD #TaxTransparency https://lnkd.in/eX7vCjEj

Global tax proposal from the 20 largest economies to create a 'Super-rich' tax that will levy a 2% rate for anyone with a combined wealth over $1bn! The rule could bring in a further $200-$250bn in tax revenue from around 3,000 individuals. Although still up for discussion a collective push is being made to increase tax revenue, along with this we are seeing the potential removal of non-dom status in the UK and pillar 2 as just some ways to achieve this.... https://lnkd.in/efxnuJZi

Is the juice worth the squeeze? This is my attempt at putting down some observations on the relative cost of considering additional taxes on capital or wealth. Ultimately some people are of the view that the squeeze should come regardless of the juice; which is an interesting perspective. #tax

Billionaire tax proposal in the US sparks division as G-7 meeting approaches. The EU Tax Observatory suggests a 2% tax on the wealth of billionaires could yield $250 billion yearly. Research endorsed by economist Joseph Stiglitz reveals stark contrasts in tax rates. Learn more: https://okt.to/A1k8wa

It's good to see broad agreement on the need to simplify the UK's tax system - as explained by PwC UK Head of Tax policy Colin Graham in this The Times article. #PwC #IndustrialStrategy