Year end tax review 2017/18The key to minimising your tax bill is planning ahead and working with your advisors to make sure they understand your plans, both in the short and the long term. If your personal or business circumstances are changing, if you are thinking...
Childcare VouchersUsing Government childcare vouchers to pay for childcare can save parent thousands of pounds a year. The scheme is operated by employers and allows childcare to be paid for from pre-tax salary. Basic rate taxpayers can buy up to £55/week voucher,...
HMRC Settlements on EBTs are back on the tableRichard Coombs reminds advisors to encourage clients to settle their historic EBT liabilities before April 2019 . Employee Benefit Trusts seem to be permanently in the news these days and the recent “Paradise Papers” leak...
If your property income is less than £1,000 there is probably no need to report it to HMRC.There are exceptions and Graham Buckell takes us through the traps. "In the Budget 2016 the Chancellor announced two new exemptions for casual trading and property businesses to...
R&D tax relief still under-claimedEvery year HMRC publish statistics about the take-up of the very generous Research & Development tax credit regime and this year’s review has yet again illustrated that the relief is often underclaimed. It seems that many companies...
The difference between a company car and a van is not just aesthetic or practical, it has an impact on your tax bill.
The Finance Bill 2017 proposes HMRC powers to introduce regulations for businesses with turnover above the VAT threshold to keep records digitally (for VAT purposes only) and to submit VAT info to HMRC through MTD compatible software from April 2019.MTD will also be...
As tax advisors, some themes come up time and time again and so we thought it might be useful to share our Top 5.Salary & dividend mix Owner managers have the benefit of being able to decide how they remunerate themselves with a combination of dividend and salary. ...
What are the inheritance tax (IHT) implications of how business property is held?Trading businesses, whether held as sole traders, partnerships or in a company, generally qualify for 100% business property relief for inheritance tax purposes. Where property used in...
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