Financial Planning
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 […]
Pension annual allowance contributions – have you fallen into the trap? When it comes to understanding the pension annual allowance (AA), it’s easy to fall into a trap. The most that you can contribute to your pension savings in a tax year before a tax bill is triggered is limited […]
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 […]
If you haven’t registered for self assessment yet, here’s what you need to do. “I haven’t registered for self assessment” – 2019 update The deadline for filing your Self Assessment tax return is 31 January (in all but a few cases), which means there’s still a few weeks left if […]
Buy To Let Finance Tax relief restriction has affected buy to let landlords of residential properties if they are individuals, partnerships or trusts since April 2017. This also effects UK landlords letting residential property overseas and non-UK resident landlords who let property out in the UK. It doesn’t affect companies, […]
HMRC plans delay Many businesses are now asking us: “What is the start date for Making Tax Digital?” Virtually all VAT registered businesses will have to comply, but not necessarily from 1 April 2019. So what is the start date for Making Tax Digital for your business? Timetable – Stage […]
Did you know you might be in line for a tax rebate by Christmas? Millions of employees in the service industry could collect an early Christmas present from HM Revenue and Customs (HMRC). Workers, including nurses, hairdressers, construction workers and people working in retail and food sectors, may be able […]
6th April saw the start of the new 2012/13 tax year. Here are the most significant changes and dates to be aware of. Personal Allowance aged 65 £8,105 aged 65 – 74 £10,500 aged 75 + £10,660 (Personal allowance abates on income above £100,000) Income Tax rates basic […]
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