Financial Planning
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? […]
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 […]
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 […]
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 […]
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 […]
Legislation requires you to have “digital links” in Making Tax Digital for VAT between your financial data and the quarterly VAT reports. What are digital links in Making Tax Digital for VAT, and what changes might you need to make to your record keeping to achieve this? VAT law offers […]
Do you know when input tax is non-deductible? In this post, we help you when input tax is non-deductible Your business will incur input tax when it purchases goods and services. Being registered for VAT and making taxable supplies allows much of this to be reclaimed, but when are you […]
Business Tax Update – New Structures and Buildings Allowance Structures and Buildings Allowance Laws Set To Change The government has published draft legislation for the new Structures and Buildings Allowance (SBA), meaning many businesses can now claim tax relief on new buildings, and purchase or refurbishment of old ones. Who […]
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