Financial Planning
You deferred tax payment after taking advantage of HMRC’s deferral schemes for VAT and income tax self-assessment because of coronavirus. What options are there to pay your deferred tax payment and when is best to do it? Before you pay tax you want to look at your cash flow over the coming months to work […]
Comprehensive legislation has been included in the Finance Act in respect of HMRC furlough enforcement. What does HMRC furlough enforcement mean for your business? Any Coronavirus Job Retention Scheme (CJRS) grants that have been over-claimed (and that includes amounts that you’re no longer entitled to, for example because an employee has left but you continue […]
What are KPIs? KPIs are Key Performance Indicators and as the name suggests, they are used to measure performance against a set of criteria over time. They are often thought of as a business tool, but in reality any individual or organisation tracking progress in a given area will be using KPIs, from someone getting […]
Tax breaks on holiday homes are an important perk – but how do you make sure you preserve them during difficult years? The prospects of getting tax breaks on your holiday homes are looking poor this season, simply because the chances of letting them out have been reduced. As a result, your holiday home might […]
Potential tax relief for rental losses is an important consideration for most landlords at the moment. The financial side effects of coronavirus on your tenants may result in the costs of your rental business outweighing the rents you receive. So what are your options for claiming tax relief for rental losses? Since 5 April 2017, […]
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 […]
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