Financial Planning
Thinking of buying a business? Here are the Five Crucial Things to Consider Buying a company that’s already established can be a quick and easy way of getting in to business. However, there are important things to take into account when considering buying a business. This guide takes you through the essential issues to think […]
Inheritance tax for the property investor is the tax that tends to be overlooked. There are a number of reasons for this: it’s not transactional like Stamp Duty Land Tax or annual like income/corporation tax; it’s associated with wealthy landowners and ‘rich people’ and most significantly it’s liked with death, which most people don’t want […]
After months of cooking and eating at home. Many of us will be eager to get out and about. The Eat Out to Help Out Scheme which opens on 3 August 2020 is a great way to support local businesses in your community. Use the Eat Out to Help Out Scheme at a participating establishment: […]
The Self Employment Income Support Scheme SEISS Second Grant Opens on 17th August The self-employment income support scheme (SEISS), the Government grant to self-employed individuals whose businesses have been adversely affected by Coronavirus – is made up of two grants. The first grant is now closed (it closed on 13 July 2020), but the SEISS […]
Has Coronavirus affected your business? Time to do some lockdown income tax planning… If you company’s business has been hit by the coronavirus lockdown, chances are it’s the cash flow which has suffered most. But income tax planning during lockdown could be a lifesaver. In the longer term the downturn is also likely to reduce […]
Worked From Home? You Could Be Entitled to Make An Expense Claim If you’ve worked at home because of coronavirus you might have incurred extra costs for which you can claim a tax deduction. How do you make an expense claim and what happens after the tax year ends? Where employees or directors work from […]
Coronavirus Job Retention Scheme (CJRS): Important Dates & What You Need to Know Now There are only 2 days left to furlough an employee who hasn’t been furloughed before The Coronavirus Job Retention Scheme (CJRS) scheme will close to anyone who hasn’t been furloughed for 3 weeks by 30 June, so you will only be […]
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 […]
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