by yasiradnan94 | Jan 14, 2020 | Accounting, Advice, Business, FAQs, Financial planning, News, Tax planning, VAT
The number of scams involving bogus HMRC communications is increasing as the self-assessment payment deadline approaches. This blog highlights warning signs to be wary of. If unsure, speak to your accountant. According to HMRC statistics, in 2018/19 it received around...
by yasiradnan94 | Jan 10, 2020 | Accounting, Advice, Bookkeeping, Business, Contractors, FAQs, Financial planning, News, Property, Small Businesses, Tax planning
The tax return deadline is on 31 January, meaning that you have less than a month to finalise your tax affairs for the year ended 5 April 2019. It also means you have just a few days to settle your tax payment. TAX DEADLINE – 31st January 2020 The most pressing...
by yasiradnan94 | Dec 9, 2019 | Accounting, Advice, Contractors, FAQs, News, Tax planning, VAT
Teachers often spend their own money on things needed to do their job. What they can claim back against their tax bill often causes confusion. This blog aims to clear things up. Who can claim? You may be able to claim tax relief if you are an employee (including if...
by yasiradnan94 | Nov 8, 2019 | Accounting, Advice, Business, FAQs, Landlords, News, Property, Small Businesses, Tax planning
Capital Gains Tax (CGT) is a tax applicable where you sell an asset for more than it cost you. Read on to find out more. EIS Investing the gains into an Enterprise Investment Scheme (EIS) can allow you to defer when the capital gains tax is due and even opens the...
by yasiradnan94 | Oct 29, 2019 | Accounting, Advice, Contractors, FAQs, News, pensions, Tax planning
A lot of our clients are not aware of the starting rate of savings. To find out more read this short blog post. We find a lot of clients are unaware of the starting rate of savings. This is a tax free amount of £5,000 in interest income. The more earned from other...
by yasiradnan94 | Sep 17, 2019 | Accounting, Advice, Business, Landlords, Property, Tax planning
An important distinction must be made between two different types of expenditure; capital and revenue. Capital expenditure can be thought of as any expenditure which significantly enhances the value of the asset in question, in this case the property. Revenue...