If you’re still recovering from submitting your tax return for the previous financial year and are dreading the prospect of starting the process again for 2017/18, you are not alone. It may therefore be even further down your priority list to start planning for the current tax year, 2018/19. To make the most of all…
A lot is changing for landlords in 2018, some of which is already underway. In this short report we have highlighted some of the important points to be aware of.
We are now in the new 2018/19 tax year and a number of changes have been made to tax thresholds and rules which affect contractors, freelancers and small business owners. It is important to keep up with changes in order to manage your finances and remain tax efficient. To help, we’ve put together a quick…
The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are both part of the UK government’s initiative to encourage investment in small and medium businesses. The idea is to help SMEs raise funds to grow the business by offering investors tax relief on the finance they provide.
Alphabet shares refer to shares issued by a limited company that have different rights attached to them as set out in the company’s articles of terms of issue. The shares are listed by a letter (‘A’, ‘B’ etc) and hence called alphabet shares. Businesses issue this type of share for various reasons.
Dividend tax rules changed from 6th April 2016 onwards. All taxpayers, regardless of the rate at which they pay tax are entitled to a dividend allowance. From 6th April 2016 this was £5,000 and is set to be decreased to just £2,000 from 6th April 2018.
Over the past 20 years property prices have significantly and continually increased, often making it hard for first time buyers to get on the property ladder.
It is now possible to transfer 10% of your personal allowance to your spouse or civil partner (£1,185 during the 2018/19 tax year).
