Financial Planning
There is a familiar phrase in business circles which goes something on the line of ‘If it can be measured, it can be managed.’ A KPI is a Key Performance Indicator and it is essentially a measurement of an activity within the business. The objective behind the recording of KPIs is to monitor the outcome […]
Recording property business expenses are important for two reasons: You need to know whether the business is making a profit or not; and To reduce your tax liabilities by offsetting them against profit As a rule of thumb, all expenditure made on behalf of the business should be recorded. Areas to include are: Property purchases […]
You’re selling your business and as part of the deal you’ll stay on in a managerial role for three years. You’ll then be paid an additional sum based on the profits made over that period. How should you structure the payment to avoid tax traps? When selling your business, a business in which you’ve played […]
Your long-term plan is for your children to take over the family company but they are too young at the moment. Nevertheless, is it worth giving them shares in the business now as a tax saving measure? For almost as long as income tax has existed parents have tried ways to mitigate their tax bills […]
Getting the Balance Right: how to understand balance sheets Understanding balance sheets is key to assessing the health of your business. In the second of our series Business Fundamentals, Mathew Forshaw looks at how to understand balance sheets. A Profit & Loss Account is all about financial performance, showing the totals of the ‘ins and […]
Property Company Tax Explained Thinking of setting up a property company but don’t know how the tax works? We show you how… Any property company needs to pay tax. Holding investment properties in a limited company can be very advantageous for some, but not for others. Once the decision to set up a company (or […]
HMRC’s latest IR35 guidance and contractors Are you a contractor? You’ll need to know how the new IR35 regime affects contractors HMRC’s guidance on the new IR35 regime for the private sector is light on information for contractors. If you’re a contractor personally providing services, what steps should you take before the new regime applies? […]
HMRC’s plan to accelerate capital gains tax on property sales Find out about changes to capital gains tax on property sales coming into force next year. Major changes to the regime for capital gains tax on property sales will take effect from April 2020. They will affect how and when you’re required report and pay […]
What are the rules about tax on personal use of business accommodation? You’re working on a long term contract that is away from home. You’ve rented am apartment for six months to keeps costs down. Will you be taxed if you use the flat at the weekends or your family visits? The tax rules on […]
What are the tax consequences of Airbnb? The Airbnb tax consequences are not as straightforward as you might first think. This year you’ve decided to have a stab at the Airbnb market. You’ve read a lot about the various alternatives for tax deductions and allowances you can claim, but which are open to you and […]
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.
