Blogs
March 2020 Budget
Just one month into his new role as Chancellor of the Exchequer, Rishi Sunak has
Xero Certified Bookkeeper
It doesn’t matter what type of small business owner you are when you join us
Get Great Tax Advice in Knightsbridge
If you are looking for tax advice in the Knightsbridge area for your business, you
How to Take Care of the Late Filing Penalties for 2018/2019?
Never miss out on your deadlines. Before late filing penalties get to you, make sure
Allowable Expenses for mall 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 isbursement
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 SA302 from 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
What is Payment on accounts? HMRC?
Some of the workers need to submit a Self-Assessment tax return per year, such as
What is Directors Loan Account?
A director’s loan is when you (or other close family members) get money from your company that is not: a salary, dividend or expense repayment money you’ve previously paid into or loaned the company
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.
