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It goes without saying that everyone reading this will have had the unfortunate experience of having an unexpected expense crop up. It happens all the time. The issue arises if we don’t have the necessary funds in place to pay for that expense. What do the banks hope you do in this situation? Put it on your credit card of course! Now this is fine if it’s a last resort. But surely there’s an easier way? It goes without saying that everyone reading this will have had the unfortunate experience of having an unexpected expense crop up. It happens all the time. The issue arises if we don’t have the necessary funds in place to pay for that expense. What do the banks hope you do in this situation? Put it on your credit card of course! Now this is fine if it’s a last resort. But surely there’s an easier way? That’s why we all need to have an Emergency Fund. You should have ideally 6 months take home pay in cash, but 3 months is the minimum. Here's why: Your emergency fund cove...

Capital Gains Tax is something that you may come across as an individual or as a business, in this blog piece, Cristina explains what it is, how it works, and even what exemptions are available. In its simplest terms, Capital Gains Tax is a tax that arises on the realized profits from the sale of assets (Selling Price – Purchase Price = Profit Taxable for CGT). The rule applies to individuals, companies, trusts, partnerships, and essentially any other entity type that disposes of an asset. If you are currently contracting through an umbrella solution, it is extremely unlikely that you will come across CGT, at least not because of your contract work. There are other individual activities that can also create a CGT liability which we will examine in more detail There is also a growing trend of independent professionals making the switch to their own Private Limited Company in line with the signs of positivity that we are seeing from the sector, if you are considering making the switch, y...