Heather Swanston appointed as Chair
It’s an exciting time to be at Gravita. With the accounting market rapidly evolving, we’re growing at pace to ensure we can stay ahead of the curve. As such, we’re thrilled to announce that Heather Swanston, seasoned former pwC Partner, joins Gravita as Chair. Heather brings several decades of experience at Partner level, joining […]
Gravita’s year end personal tax planner 2024-25
28/01/2025 Get ahead with Gravita’s comprehensive guide to the 2024-25 tax year. This guide is designed by our expert private client team to help you make informed decisions before the end of the tax year. What’s inside: Personal Income Tax: What are the latest rates and allowances, and how do they apply to you? […]
Are you ready for the new company size thresholds?
Written by Audit Partner, Joseph Brewer The UK’s corporate reporting landscape is about to undergo a major shift. With new regulations set to increase company size thresholds starting 6th April 2025, businesses must prepare for the ripple effects. Here’s what you need to know and how your company can navigate the change. What’s changing? […]
Gift your employees with a staff share scheme this Christmas
What better way to reward your employees with this Christmas than a share scheme. An employee share scheme allows staff to have a stake in the company they work for. Not only can they boost performance and morale, they also offer some tax advantages. Giving away shares in a company you have built can prove […]
Seasonal opening hours
We would like to take this opportunity to thank you for being part of our journey throughout the year and wish you all the best over the festive season. We thoroughly appreciate your custom and loyalty, and we look forward to working with you throughout 2024. Our office hours for our main switchboard and […]
What’s happening with Employers’ National Insurance contributions?
The Autumn Budget has dealt a blow to UK employers, with a sharp increase in Employers’ National Insurance (NI) contributions coming into force from April 2025. The rate employers will need to pay rose from 13.8% to 15% while the secondary threshold dropped to £5000, from £9100. With companies already navigating cost pressures and a […]
A guide to inheritance tax planning
Inheritance Tax (IHT) has remained largely unchanged for a long time now, despite an extensive review of the system pre-Brexit which hinted at wide-reaching changes. These never came to pass, and therefore the changes in the Autumn 2024 Budget are probably the most significant amendments in many years. What Changed? The biggest change announced was […]
Understanding the new rules for non-doms in the UK
The Autumn 2024 Budget introduces some of the most sweeping changes for non-doms in recent years. We are now moving to a tax residence-based system and away from the concept of domiciliation. For many years, UK tax rules have meant that non-doms do not have to pay UK taxes on income and gains arising outside […]
Changes to Inheritance Tax on private pensions
The new Labour government recently announced a series of changes, including one that will impact how private pensions are treated for Inheritance Tax (IHT) purposes. From April 2027, private pension pots will be included in the value of an individual’s estate when calculating their IHT liability. This could significantly increase the IHT charge on estates, […]
Big changes ahead for Inheritance Tax relief on businesses
The long-standing ability to pass on family businesses without worrying about Inheritance Tax (IHT) is coming to an end on 6th April 2026. For as long as I can remember, Business Property Relief (BPR) has allowed individuals to transfer trading businesses to the next generation free of IHT, allowing family-owned businesses to carry on from […]