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Chancellor Philip Hammond promises EU funding guarantee for farmers, scientists and other EU-funded projects, in a move that could cost the treasury up to £6bn a year.

Inheritance tax is due at 40% on anything above the threshold of £325,000 with a reduced rate of 36% if the person leaves more than 10% of their estate to charity. The rules around trusts are complex, and will require that you seek professional advice, but can be a way of reducing your inheritance tax liability.

If you are employed when you reach the State Retirement Age (SRA), you no longer have to pay Class 1 NI contributions, or Class 2 contributions if you are self-employed. You will, however, still have to pay Class 4 NIC for the entire tax year during which you achieve the SRA. The year after that you will be exempt.

As we near the 23rd June, the ‘In or Out’ debate is beginning to hot up, with mixed messages coming from both camps. We take a look at how this important issue could affect your business in the event of a Brexit. Have you decided how you are going to vote? Meanwhile, we also take a look National Insurance bonuses available when you reach State Retirement Age and consider the types of trusts that could be used to reduce your inheritance tax liability.

Launching new products and services can be the lifeblood of a business; bringing additional revenue and profit growth. But how do you decide which ideas are going to make a difference? We take a look at 6 proven methods to help in this process. We also take a look at how the lifetime transfer of gifts and assets can impact IHT, as well as the calculation and reasons for measuring efficiency ratios in your business.

Building and growing a business is one of the most challenging and satisfying things an entrepreneur can undertake. But the sad reality is that many collapse by owners failing to take simple steps to maximise profitability and cash. We take a look at the most common mistakes that entrepreneurs make and consider ways to avoid them.