Financial Planning
A property investment or a property business. What is the difference? Does it make more sense to have a property investment or a property business? You’re interested in getting into property – but how should it be structured? Traditionally the buying of property for rental income and capital growth has been regarded as an investment, […]
Do you struggle with understanding profit margins? When it comes to understanding profit margins, many business leaders struggle to make the right decisions. In this blog, we explain in easy to understand terms the trick to understanding profit margins. After all, profit is profit. Right? Yes, but some profit is better than others. For example, […]
“Is holiday lost if it’s not taken?” – Exposing the myths and finding the facts It’s coming towards the end of your holiday year and one employee hasn’t applied to take all of their statutory annual leave entitlement. Is holiday lost if it’s not taken? Will they lose that holiday if they don’t act before […]
A major change means that new VAT rules for the construction industry have been announced – and it is only weeks away. Will you be affected by the new VAT rules for construction and how should you prepare for it? From 1 October 2019 a reverse charge for VAT will apply to building and construction […]
New Domestic VAT Reverse Charge Introduced by HMRC The Domestic VAT Reverse Charge is a new anti-fraud measure for VAT within the Construction Industry Scheme (CIS) being set up by HMRC. From 1 October 2019, the main contractor will be liable to account for VAT to HMRC in respect of purchases rather than the sub-contractor, […]
What are the rules about employee photos on websites and GDPR? Here we look at an issue that is increasingly being raised: how employee photos on websites are handled under GDPR You would like to create a “meet the team” section on you website which has photos of all key staff and a description of […]
New breathing space scheme to be introduced in 2021 The Government has confirmed a new breathing space scheme will be introduced in 2021 to help individuals with problem debts. Personal tax debts will be included in the scheme so self assessment income tax debts will be covered, as will some other tax debt. The scheme […]
Business owners often ask if they can employ their wife, husband or children in the company to reduce tax. What are the rules if you put your wife, husband or children on the payroll? The answer is yes: you can certainly employ wife, husband or children to reduce tax. Putting them on the company payroll […]
Do you know how tax relief on buy-to-let property will work in 2020? In this article, we look at how the tax relief on buy-to-let property will work by 2020, for example after interest is paid on loans. Until 5 April 2017 interest paid on loans to buy a residential buy-to-let was fully tax deductible. […]
What are the rules on customer tips and how to handle them for tax? Your employees receive tips from customers. Because tax (and possibly National Insurance) is payable on them, as an employer do you know your responsibilities and what can you tell your staff to help them avoid trouble with HMRC over tips and […]
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