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Dividend tax credits replaced by new allowance

Dividend tax credits will be replaced with a new £5,000 tax-free allowance from April 2016, the Chancellor George Osborne announced during his Summer Budget statement. Under current rules dividend income is reduced with tax credits. Basic rate taxpayers currently pay...

Medium-sized business owners plan exit strategies

A third of medium-sized business owners are planning to sell their business, a report by law firm Mills & Reeve has found. The research into the health of the UK’s mid-market sector reveals that 33% of business owners are thinking about an exit strategy....