The word “chartered accountant” gives off a certain vibe that often makes people think of pricey services that they could never afford. In reality, however,
Why You Should Hire a Chartered Accountant? Read More »
With Concern over climate change hitting headlines, it could be apt that the company car tax program aims to promote ‘good’ choices; and rewards those
Company Car Tax Changes: 2019/20 Read More »
From 2011-12 onwards, businesses may use a fixed rate per business mile to compute their vehicle expenses under the new simplified expenses rules. They can
Business Mileage Rates Read More »
Hiring contractor accountants is an excellent way for freelancers and contractors to manage their finances efficiently while ensuring tax compliance. These professionals specialize in handling
Hiring Contractor Accountants Can Benefit Your Business Read More »
For landlords managing rental income, understanding the best accounting method can make a big difference in tax efficiency and financial clarity. One option, the Cash
Cash Basis for Landlords – When Does It Apply? Read More »
The ‘settlements’ income tax anti-avoidance rules found in ITTOIA 2005. The principal sets of rules are the ‘revocable, or settlor interested’ settlement rules (ITTOIA 2005,
Family Businesses and the Settlements Anti-avoidance Rules Read More »
There are various exemptions and potential exemptions, which make it possible to make gifts free of inheritance tax. Making tax free gifts is a useful
Inheritance Tax – Tax Free Gifts Read More »
As HMRC can issue millions of late filing self-assessment penalties, you need to be aware of what self-assessment penalties are to avoid any unfavourable circumstances
What are Self-assessment Penalties? Read More »
You must beware of tax scams. The HMRC regularly warns taxpayers to be alert to fraudsters purporting to be from HMRC. Recently, they announced that
Partnership profit allocation refers to the equal distribution of profits. Partnership income is computed for the whole partnership by reference to the various sources of
Allocation of Partnership Profits to Corporate Partners Read More »
