Financial Planning
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 […]
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, […]
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