Financial Planning
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 […]
Worked From Home? You Could Be Entitled to Make An Expense Claim If you’ve worked at home because of coronavirus you might have incurred extra costs for which you can claim a tax deduction. How do you make an expense claim and what happens after the tax year ends? Where […]
Are You Prepared for the New Tax Year 2020? With all the headlines being taken up by other matters, it’s easy to overlook that 6th April saw the start of a new tax year 2020/21, so we have set out below the main taxes and allowances for the year. Remember […]
There have been new regulations introduced for Child Trust Funds. Maturing trust funds Child Trust Funds have new regulations, following the results of a consultation. The government has set out new rules for when child trust funds (CTFs) mature. CTFs were introduced nearly 18 years ago to hold tax-free savings […]
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 […]
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 […]
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 […]
Fake tax messages tops 900k, according to HMRC The number of HMRC tax scam messages involving bogus communications is increasing and particularly as the self assessment payment deadline approaches. What are the warning signs you should be looking for? The number and type of HMRC tax scam is rising. According […]
What are the Capital Allowances rules for rental businesses? In this episode of Property Investing 101 we look at how your rental business is affected by Capital Allowance rules. The rules around Capital Allowances for a rental business are essential for you to understand. When you run any business, your […]
Do you know the regulations around business tax and cryptocurrencies like bitcoin or Litecoin? Until now, HMRC’s guidance on the tax consequences of using or trading in cryptoassets, such as digital currencies like Bitcoin, was mainly aimed at individuals. It’s now published new guidance for businesses. So, what’s the story? […]
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