Financial Planning
Should I set up as a sole trader or limited company? We look at the key differences between running as a sole trader or limited company When you first set up in business you need to decide whether to be a Sole Trader (self employed) or to set up a limited company. Here are the […]
The new rules for property investors and Capital Gains Tax. For the 2020/21 tax year, HMRC have introduced a strict new regime for property investors and capital gains tax when reporting on the sale of a residential property. Here are the main rules for property investors and Capital Gains Tax: You now have 30 days […]
Can you borrow cash from your business? As a small business owner, you might be able to fall back on its cash reserves during the coronavirus lockdown. If so, what are the longer-term tax and NI consequences for you and your business? While the government is taking extraordinary steps to help businesses during the coronavirus […]
Up to date information on coronavirus financial aid Guidance about coronavirus financial aid included help with tax and payroll issues continues to develop making it tricky to keep track of. Here are the key facts and where you can find the latest information. Tax – time to pay arrangements (TTP): HMRC has scaled up its […]
Are You Prepared for the New Tax Year 2020? With all the headlines being taken up by other matters, it’s easy to overlook that 6th April saw the start of a new tax year 2020/21, so we have set out below the main taxes and allowances for the year. Remember that we’re always on hand […]
What is Stamp Duty Land Tax? Stamp Duty Land Tax (SDLT) is payable in England and Northern Ireland by the purchaser, on the consideration paid under a land transaction, and can be a major cost for property investors. The rate paid depends on whether: the property is commercial or residential the purchaser is a first-time […]
There have been new regulations introduced for Child Trust Funds. Maturing trust funds Child Trust Funds have new regulations, following the results of a consultation. The government has set out new rules for when child trust funds (CTFs) mature. CTFs were introduced nearly 18 years ago to hold tax-free savings and investments, boosted by a […]
Pension annual allowance contributions – have you fallen into the trap? When it comes to understanding the pension annual allowance (AA), it’s easy to fall into a trap. The most that you can contribute to your pension savings in a tax year before a tax bill is triggered is limited to the AA. The AA […]
End of year tax planning is critical. Now the end of the tax year is fast approaching, we’ve taken the opportunity to remind readers of some useful tips and tricks for getting your taxes in shape for the 12 months ahead. End of Year Tax Planning: Personal tax New sources of income. Taxpayers with new […]
Covid-19 Statement and useful advice Updated: 13 May 2020 Coronavirus Financial Help & Rights Helpful information on sick pay, employment rights, information for the self-employed, tax payments & more Useful information and updates from Martin Lewis’ ‘MoneySavingExpert’ page here. The Government Coronavirus Measures The government has issued a number of measures that aim to help […]
This site uses cookies. Privacy Policy
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
