From our blog

April 16th, 2016

Limited Company Vs Paye Umbrella – Which Would be the Right Choice for Contractors?

It is advantageous for a contractor who doesn’t mind …

April 5th, 2016

A Low Income “Help to Save” Account Will Attract a 50% Government Top-up, but is it Worth the Investment?

The government wants to encourage low-income households to…

March 16th, 2016

An Untidy U-turn for HMRC Concerning Participants in The Montpelier Tax Scheme

The introduction of Advance Payment Notice (APN) rules was controversial from the moment it was announced at the 2014 Budget. Introduced under the Finance Act, the proposal requires participators

March 16th, 2016

Should You Accelerate Dividend Payments Before the New Tax Rates Apply on 6 April 2016?

Tax on dividends Dividend income over £5,000 will attract higher tax after 5 April 2016, so accelerating dividend payments

February 16th, 2016

Why attempting to enter the VAT Flat-Rate Scheme retrospectively is almost a lost cause

The VAT Flat-Rate Scheme (VAT FRS) is available to small businesses or sole traders and is designed to simplify VAT accounting, not to reduce VAT bills. An in-hindsight VAT FRS request in the business world has become a VAT-saving technique for many small business

February 9th, 2016

How Transferring of Personal Allowance helps to Reduce Tax?

The personal allowance The personal allowance is set for each tax year; for 2015‒16, the basic personal allowance (available to all UK resident individuals born on or after 6 April 1948) is £10,600 (for 2014‒15, the basic personal allowance was £10,000).

February 2nd, 2016

The five minute guide for Self-assessment Tax Return

The deadline for filing and submitting your self-assessment tax return for the last tax year (6/4/2014‒5/4/2015) is now only a matter of days away, there is no time left to procrastinate. You can call your accountant today and get help, or you can go the DIY route

January 16th, 2016

The Self-Assessment Tax Return Deadline and Errors – A Big Headache

There are just over three weeks to go to the deadline for filing the annual Self-Assessment tax return and paying any tax due. Six million people still need to submit their SA tax return before the 31 January deadline according to HMRC. It is the last-minute rush, apparently,

December 2nd, 2015

Tax on Buy-to-Let Property Loans: have you planned for future changes?

Buy-to-let property can be a good earner, but as the owner of BTL have you understood and planned for the implications of the change from deduction of interest on property to one of tax relief correctly? From 2016/17, deduction of interest payments on property loans will