What are the best ways to take money out of your company? This is the most common question asked by many clients. You choose to operate your business as a limited company for various reasons. One of the top reasons is normally so that you can have protection under “limited liability” and the other is […]
Category Archives: Personal Tax
Landlords, Personal Tax
The upcoming EPC changes for Landlords — These changes have now been scrapped – Sept 2023
17
May
May
The Government has proposed a new EPC change for landlords requiring a Minimum Energy Efficiency Standard (MEES) to move from E to C. This upcoming change to the EPC requirement could be expensive for landlords and needs careful planning. What is EPC? EPC stands for Energy Performance Certificate and measures the energy efficiency […]
26
Apr
Apr
Like many other taxes, inheritance tax (IHT) allowances have been frozen over the last few years. This means that more people are now paying IHT. Recent data from HMRC has revealed that IHT collected between April 2022 and February 2023 totalled £6.4bn, this is £900m higher than the same period last year. So, what can you […]
15
Mar
Mar
Earlier today (15th March 2023) the Chancellor of the Exchequer Jeremy Hunt delivered his first budget. However, he was presenting his second set piece following the Autumn Statement last year amid big expectations. So, here’s the brief overview of the main parts following today’s announcements and how it can affect your business and your personally […]
08
Mar
Mar
This is a common question when thinking about completing your Tax Return. Can I do it myself or do I really need an Accountant to file a Tax Return. Well, the simple answer is it depends. It depends whether you have the time, whether your time would be better spent elsewhere, and how complex your […]
22
Feb
Feb
Have you been approached by HM Revenue & Customs (HMRC) asking for the repayment of Child Benefit? You may have received a letter from HMRC (The Child Benefit Office) saying that you’ve been overpaid, and they would like the money back. There’s an appeal process in place if you feel that the facts in […]
25
Jan
Jan
January is normally when so many of us start looking at our holiday plans for the year ahead. What better way to spend those cold dark evenings. A few of us even dream of having a holiday place that we can call our own. And why not? A place of our own in a familiar […]
Capital Allowances, Employee Benefits, P11d, Personal Tax, Tax Planning
The Tax Benefits of an Electric Car
18
Jan
Jan
The company car is becoming more popular again mainly because of electric cars. Once again it is potentially an exciting tax perk and an important part of any remuneration planning. In our updated blog we revisit the tax benefits of an electric car. Of course, nobody these days questions the environmental benefits of running an […]
23
Nov
Nov
Operating through a Limited Company is the most common way to work in the UK if you are working for yourself. This is because it is relatively cheap and easy to set up. It is also perceived to be the most tax advantageous way of operating. But the tax advantages are increasingly being reduced. So, […]
Business Tips, capital gains tax, Payroll, Personal Tax, Tax Advice, Tax Planning, Tax Tips
The Autumn Statement 2022
18
Nov
Nov
Yesterday we had the first Autumn statement from the newly appointed Chancellor. Jeremy Hunt was faced with a challenging economic backdrop to his first major set piece. He is grappling with a combination of over 11% inflation, a recession, and the need to re-establish the UK’s financial credibility following the turmoil of September’s mini budget […]