Whilst tax is unlikely to be at the top of your list of important issues if you decide to separate, the potential benefits which could arise from prudent tax planning can ensure that both parties do not have unexpected and unwanted tax charges. This is particularly relevant for Capital Gains Tax (“CGT”), which, in reality, […]
Category Archives: Tax Planning
Employee Benefits, Myers Clark Updates, National Insurance, Payroll, Tax Advice, Tax Planning
Is Salary Sacrifice a good idea?
02
Mar
Mar
You may have heard the term “salary sacrifice” on occasions and wondered what it is. Have you ever wondered if you should participate in the scheme either as an employee or an employer? Basically, is salary sacrifice a good idea? What is Salary Sacrifice? Salary sacrifice schemes are not a new thing and have […]
capital gains tax, HM Revenue & Customs, Tax Advice, Tax Planning, Tax Tips
Capital Gains Tax Deferral Relief – Enterprise Investment Scheme (“EIS”) Investments
23
Feb
Feb
Are you thinking of selling an asset? Or have you recently sold or gifted an asset that gave rise to a Capital Gains Tax (CGT) liability? If so, there is an often underutilised relief that could improve your cash position; Capital Gains Tax Deferral Relief. If you pay income tax at the higher or […]
02
Feb
Feb
Why will be it be necessary to do some tax planning moving forward. You may have seen in the press last week, there is not going be a “U” turn with the introduction of the new health social care levy. The UK government borrowed another £16.8 billion in December 2021 and the Covid 19 pandemic […]
01
Dec
Dec
Every year, as certain as Christmas, we have the self-assessment tax filing deadline. This deadline is always on 31st January. And every year just like getting organised with your presents and Christmas cards in time for the big day, we also need to get organised with gathering the information, preparing the tax return, and submitting […]
26
Mar
Mar
If you have been working as a contractor in recent years, you will know there are big changes to the Off Payroll Working rules coming into effect next month.
The death of a spouse or partner is a very difficult experience…