As we adjust to our changing lives and living alongside COVID-19, many of us have taken time to reflect and reconsider our plans. This includes making sure we have the funds available to support the type of lifestyle we want now and in the future.

Since July 2020, the Government has temporarily reduced the VAT rate to 5% on certain supplies relating to hospitality, hotel and holiday accommodation and admissions to certain attractions.

The Prime Minister has reaffirmed his commitment to overhauling the health and social care sector. Yet having pledged this would not be funded by a hike in taxes, he has announced a 1.25% health and social care levy to fund the much-needed investment.

With increasing respect towards companies and brands that adopt eco-friendly and sustainable business practices, many businesses have started to successfully adopt a “green” programme and view it as an essential part of their business operations.

In the 2021 Budget earlier this year, the Government introduced the 'super-deduction' allowance, bringing temporary increased reliefs for expenditure on certain plant and machinery for the period between 1 April 2021 and 31 March 2023.

There are many, many reasons why you may wish to take cash out of your business - moving to a new home, affording private school or university fees...the list is endless! Whatever your reason, there is one crucial factor that must be considered.