Category Archives: Tax Advice

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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Property And Capital Gains Tax

Property And Capital Gains Tax

Property returns are made by way of income (rentals and trading) and/or capital gains. This article will focus on the capital gains considerations for an individual residential property investor, post 5th April 2018. Property gains are calculated by deducting the capital costs from the value of the disposal, the disposal is normally by sale or transfer; net gains will be

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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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Starting A Business And The Risks Involved

Starting A Business And The Risks Involved

Starting a business and the risks involved can sometimes put people off pursuing their dreams. However once you get that spark of inspiration, it’s hard to contain the excitement that comes with your plans of starting a new business. After all, this is something that will not only allow you to expand your income, it would also be the perfect

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Self-Employed & Running Your Own Business

Self-Employed & Running Your Own Business

Becoming Self-Employed Registering as self-employed and running your own business can be extremely rewarding. However, being the captain of your own ship whilst losing the safety net of employment can be tough to balance. It comes about as a result of a conscious decision or a drift into it. In this blog we will share some thoughts based on our

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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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Taking The Stress Out | Tax Returns Video

Taking The Stress Out | Tax Returns Video

Tax Returns Video Tutorial It’s that time of year for those dreaded tax returns to be prepared and submitted. The next few months can be a very stressful time for individuals and business owners, which is why we have created a short tax returns video to outline how you can take the stress out of your tax returns. Simple and easy

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Are You Prepared For Auto Enrolment

Are You Prepared For Auto Enrolment

Here’s Our Guide To Auto Enrolment Auto enrolment (dealing with workplace pensions) has been in place since October 2012, with this in mind, an update on an article previously written seems pertinent. All employers, including very small businesses that only employ one person, are required to sign up certain employees for automatic enrolment. This means that the employee will automatically

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The Relaxed Approach To Tax Returns

The Relaxed Approach To Tax Returns

How To Approach Tax Returns This article will look at ways to make the experience of preparing and submitting tax returns as stress free as possible, outlining some of the general considerations, and pointing out the common pitfalls. The tax returns ‘season’ is now getting into full swing, and my office will be contributing to the filing of the many

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