Blogs
What are Some of the Major Takeaways for Company Directors & Shareholders?
Many small companies are run by just one or two directors and have no other
Top 5 Things you Must Know about the Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme is temporary. It’s open for all UK employers for at
The Coronavirus Job Retention Scheme: furlough guidance
The aim is to keep people at home while enabling employers to keep staff who
How Can Small Businesses Support Themselves During These Trying Times?
Covid-19 has had a big impact. Big corporations and even multi-millionaire companies faced a setback.
How to Take Care of the Late Filing Penalties for 2024/25?
If you are carrying out day-to-day business activities in the UK, there will be many
Allowable Expenses for Small Businesses
Always look at the facts of any deductibility of expenditure and fully explore the reasons for any claim as in Daniels v HMRC where deductibility of an exotic dancer’s clothing and underwear and other items, including cosmetics and hair extensions, was under scrutiny.
VAT on Reimbursement or VAT on Disbursement
The difference between the VAT on Reimbursement or VAT on disbursement has a significant point of view as reimbursements are subject to VAT, while disbursements are outside the scope of VAT.
How To Reduce Inheritance Tax?
IHT is a tax on the value of the estate at death but also on chargeable transfers made with various reliefs. When discussing matters, care is being required for both lifetime and after death. Consider using these six tips to learn out “how to avoid inheritance tax”.
3 Ways to Make Property Transfer Easier Between Spouses
If a house transferred between spouses or between civil partners, of each other. And who are living together? whether by sale or by gift, the period of ownership of the transferee treated by TCGA 1992 s222(7). (a) as beginning at the beginning of the period of ownership of the transferor. This also applies where the house transferred from one to the other on death.
What’s Children Tax? How Can One Have Full Entitlement to It?
Subject to some exemptions, a child may have taxable income which is chargeable; however, the child will have full entitlement to personal allowances and reliefs.
How to Print an SA302 from the HMRC Website
Buying a house, Remortgaging, or applying for a UK visa for your loved one can be a stressful process. To its Visa, Mortgage, or loan, you will need SA302 from HM Revenue & Customs. Back in the days, would need to call the HMRC and ask for them to send you a printed copy for your lender or home office. This cannot email or fax so relies on the HMRC post, which can take anything up to two weeks.
Inheritance Tax on Gifts for Christmas
Are you thinking of giving Christmas gifts to your loved ones? With Christmas less than
Is Entertainment Allowable Expenses?
Tax regulations on entertainment cost deductibility are strict and sometimes confused. The fact that the cost paid for business reasons does not make it exempt. Subject to certain limited exceptions. No deduction allowed for the business entertainment and gifts in calculating taxable profits.
What is Zero Emission Car?
From 6 April 2020, how carbon dioxide emissions for cars measuring change. Moving from the