Category Archives: Tax

Property & Tax- 5 things

Property & Tax- 5 things

Five things Property Investors should take onboard when it comes to property and tax. Property & Tax – 1 Consider the type of property and time frame of the investment, short term or long term. Property will either be commercial and/or residential property. Commercial properties include offices, hotels and warehouses.Regarding rental income, residential rent may be more certain on an

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Getting Started with Cloud Accounting and Xero: Three Things to Know

Getting Started with Cloud Accounting and Xero: Three Things to Know

Financial and business information plays a vital role in the management of businesses. It is used for numerous day-to-day operations: To comply with accounts, tax, PAYE and VAT obligations To tell us about levels of cash, income, costs, debt and monies owing To track income and expenditure from products, services and project. A cloud-based accounting system like Xero helps you

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Business Resolutions for 2019

Business Resolutions for 2019

Business Resolutions for 2019 – New Year for most of us is RCA time, namely Reflection, Consideration and Action. Reflection over the year just gone, Consideration for the year to come, and Action in what we aim to do differently (or keep the same). This RCA time also applies to your business. Business planning is a great way to help

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Tax Return Reminder

Tax Return Reminder

Three key tips in for you to consider if you haven’t filed your tax returns yet. The clock is ticking, the 31-Jan-19 is D-Day, and if late penalties will apply, even if no tax is owed. Here at Pro Active we’re in full swing! We will be contributing to the filing of the many millions of Tax Returns that need

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Tackling Your Tax Return

Tackling Your Tax Return

Tackling Your Tax Return for 2017-18 ‘season’ is now getting into full swing. At our office will be contributing to the filing of the many millions of tax returns that need to reach HMRC by 31st January 2019. These returns will cover both income and capital gains for the year ending 5th April 2018. Here at Pro Active Resolutions we

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Making Tax Digital

Making Tax Digital

What is MTD? Making Tax Digital (MTD) is helping HMRC achieve their stated ambition of becoming a world leader in digital tax administration. As well as, making sure the UK tax system is effective, efficient and easier for taxpayers. MTD for VAT is the first major step in that ambition. From 1 April 2019, VAT-registered businesses above the threshold of

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VAT Rates And Charities

VAT Rates And Charities

VAT is a tax that affects charities and arts organisations, and not just private business. This blog will look at the principles of VAT and how it directly affects arts charities, many of whom struggle when deciding which VAT rates to use for different goods and services. VAT registered businesses charge output VAT on the products and services they supply

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Cloud Accounting Software And Credit Control

Cloud Accounting Software And Credit Control

Helping Improve Credit Control Using a robust cloud accounting software can greatly improve your credit control, an area that a lot of people find quite challenging.  Although credit control is the life-line of businesses it doesn’t always receive the attention it should and many businesses find numerous obstacles when dealing with it i.e. not invoicing as soon as work is

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Tax & Property Tax: Personal v Company Route

Tax & Property Tax: Personal v Company Route

Tax and property interact in a number of ways, more so when we consider the personal and company route for property ownership.  Over the twenty plus years that we have been advising our clients on property tax, one of the more popular questions is whether or not their property business should be run through a company.  The government’s announcement about

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Tax Returns Simplified

Tax Returns Simplified

Making tax returns simple Looking to keep those stress and anxiety levels low when completing your personal tax returns? With the tax season edging ever closer some of you may want to get a head start. We have put together a short video called Tax Returns Simplified to help you on your way. The video is simple and easy to

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