News & Updates
The latest news from the world of accounting.
30th September 2019
Personal Or Limited Ownership Of Buy To Let Property

Income tax relief on buy to let mortgage interest is being restricted but is it more tax efficient and financially better all round to operate your portfolio using a limited company? The tax year 2016/17 was the last year that higher and additional rate income taxpaying landlords could claim tax relief on the costs incurred […]

2nd September 2019
Newsletter September 2019

Welcome To September's Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman. If you need further assistance just let us know or you can send us a question for our Question and Answer Section. We are committed to ensuring none of […]

1st August 2019
Newsletter August 2019

Welcome To August's Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman. If you need further assistance just let us know or you can send us a question for our Question and Answer Section. We are committed to ensuring none of […]

31st July 2019
Research & Development Allowance

WHAT IS A RESEARCH & DEVELOPMENT ALLOWANCE? Research and Development is a government incentive scheme awarded to company’s who have an original idea ultimately leading to new business innovation. WHO CAN QUALIFY? This incentive is only for limited companies who pay corporation tax, an eligible company must have spent money on ‘research and development’ for […]

17th July 2019
Do You Know About Inheritance Tax?

Inheritance Tax is a tax on the estate of someone who died. The estate meaning the property, money, and possessions of value. You would have no inheritance tax to pay if either the value of your estate is below £325,000 threshold or if you leave everything above the £325,000 to your spouse, civil partner, a […]

3rd July 2019
Newsletter July 2019

Welcome To July's Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman. If you need further assistance just let us know or you can send us a question for our Question and Answer Section. We are committed to ensuring none of our […]

2nd July 2019
New Vat Rules For Construction Industry Clients

The way VAT is charged on construction services will change on the 1st October 2019 as HMRC will introduce the Domestic Recharge System as part of a new anti-fraud measure in the construction labour supply sector. The new rules however will not apply if your customer is the end user or the work is outside […]

24th June 2019
Company Car Or Car Allowance?

Ultimately, it’s a question of finance. Weighing up the benefits, if you’re financially able to insure, service and maintain a car an allowance is a good way to go. This way you would just claim back business mileage from your company but it does mean that you will need to keep up to date travel […]

14th June 2019
Would I be better off operating a VAT flat rate scheme?

If your VAT registered it may well suit your business to be on a Flat Rate Scheme. It may save you money although it’s not designed with this in mind. This tends to depend on what sector you are in, and how much VAT you pay out on your costs, it does however make calculating […]

7th June 2019
What is Capital Gains Tax?

Capital Gains Tax is a tax on the profit when you sell (or dispose of) an asset which has increased in value, the most common of these obviously being property or land. Please note that its only the gain that you pay tax on, not the amount you have received for the sale. You only […]

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