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Selling Your Business: Tax Traps to Avoid

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 […]

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Children Shares and Long Term Planning

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 […]

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Do You Understand Balance Sheets?

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 […]

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How Does Tax Work With Your Property Company?

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 […]

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How Does the new IR35 Guidance affect Contractors?

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? […]

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Airbnb Tax Consequences – what are they?

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 […]

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