Financial Planning
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: 25 March 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 […]
If you missed the HMRC self-assessment deadline on 31 January will fine you £100 and more if you continue to delay. It will cancel the penalty if you have a reasonable excuse but if you don’t have one is there another way to dodge a fine? It’s a common misunderstanding that if you owe tax […]
New HMRC IR35 factsheet for contractors – what you need to know With only weeks to go before the new rules for off-payroll working apply, HMRC has produced a new IR35 factsheet for contractors who are working through intermediaries. What’s the full story? If you provide your services to a client through an intermediary e.g. […]
Thinking of setting up a commercial property business? Here are the tax implications of setting up a commercial property business. Tax on commercial property business covers anything that HMRC doesn’t class as a ‘dwelling’ – ie a place where people live which is self-contained (so it doesn’t include hostels, hotels etc). It can include anything […]
Need better cash flow in your business? You’re not alone! The new calendar year can present cash flow issues for many businesses, particularly after the Christmas break when work inevitably slows down, and those dreaded tax bills. So here are six steps to help you get cash in that little bit quicker. Have clear and […]
Rental businesses and trouble with capital expenditure for tax relief When it comes to tax relief for capital expenditure, there’s more than one rule which determines the type of tax relief you can claim for on a property rental business. Different rules can apply from year to year. Which can you claim and can you […]
Company income: time for year-end tax planning As a director shareholder of your company you’re in a good position to arrange your income for maximum tax efficiency. Now that the end of 2019/20 is in sight what can you do to achieve this? Whatever company income and tax planning arrangements you put in place to […]
We are delighted to announce our inclusion to the Handpicked Accountants network. Founded in 2010 by managing director Mathew Forshaw, we continue to drive the business forward with the same vision – putting you the clients at the heart of Finton Doyle and providing the same impeccable level of service to each of you regardless […]
In what circumstances is reducing self assessment payments possible? And how can transactions you’ve made in the current year help in reducing self assessment payments? Lots of people are understandably interested in reducing self assessment payments. The first instalment of your self-assessment tax bill is due on 31 January 2020. The 31 January self assessment […]
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