This week's floods are a reminder that it is important to ensure that you have a disaster plan. While your home or business may not suffer the fate of those who were affected by flood water it is important to have a back up and retrieval plan for data stored on computers. Ensure you have all your records backed up, so that if disaster strikes, for example a hardware or program fault, you are able to recover your records. Is your stock safely stored? Is your stock adequately insured? If you are planning to relocate home or business, are you moving into an area that is free from flood risk? If you ask the question, "What is the worst thing that could happen..." Do you find yourself with an answer that at least reassures you that you have plans in hand to cope should the worst ever happen? Did you know? That liability to inheritance tax on an estate starts at £300,000 and is charged at a rate of £40,000 for every £100,000 above that threshold. To check out your potential liability to inheritance tax visit our IHT calculator and review some of our website content on disinheriting HM Revenue and Customs.
Date:27 June 2007
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