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Crews fight fire at St. Paul's Groundswell Midway coffee shop
Crews fight fire at St. Paul's Groundswell Midway coffee shop

CBS News

time22-05-2025

  • Business
  • CBS News

Crews fight fire at St. Paul's Groundswell Midway coffee shop

A coffee shop in St. Paul, Minnesota, will be closed Thursday after an overnight fire. WCCO was at the scene as firefighters gathered at Groundswell Midway off Thomas Avenue West and Hamline Avenue North. In a Facebook post, the owners said it was a "surreal and pretty awful night" seeing their "beloved business on fire." WCCO They thanked the St. Paul Fire Department and said everyone was safe. "Really sad to say we won't be able to serve you your latte and scone tomorrow," the owners wrote. It's unclear when they plan to reopen the shop.

Is it time to gift shares before inheritance tax rules change?
Is it time to gift shares before inheritance tax rules change?

Times

time21-05-2025

  • Business
  • Times

Is it time to gift shares before inheritance tax rules change?

Q: I plan to pass our family business on to my children. Is now the time to gift shares before inheritance tax rules change, or could it cause complications down the line? A: With inheritance tax (IHT) relief changes expected to take effect in April 2026, many business owners are wondering whether gifting shares now could reduce their family's future tax exposure. While the upcoming reforms will limit business relief (BR) for private trading companies by capping full relief at £1 million and reducing relief on the balance of value from 100 per cent to 50 per cent, acting in haste could lead to unintended financial and legal consequences. Before making any decisions, it is important to take a step back and consider whether gifting

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