Do you want to set up your own business? What's stopping you? Work for it. That sounds easy but a lot of hard work goes into it. You're stuck with a lot of problem-solving for operations and financial management. Involve personal tax accountants to help...
To all the individuals and companies who are owning properties, they need to hire a professional accountant to get protection against non-compliance with tax rules. No doubt, becoming a buy-to-let investor is a popular alternative and an appealing option for all the entrepreneurs who want...
Just one month into his new role as Chancellor of the Exchequer, Rishi Sunak has delivered his first Budget Statement promising 'historic' investment in roads, railways, broadband and scientific research, as the government tries to deliver on its promise to level up the UK. Ahead...
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...
There are two different ways of owning property– as Joint Tenants v Tenants in common. The way in which the property is own determines exactly who owns what. Thus, and also what happens when one of the joint owners dies and how any income tax. What...
tamp duty land tax (SDLT) is on residential property. Which applies to land that forms the garden or grounds of the property. To ensure that the right rate of SDLT applied there, it is important to learn. Whether any land purchased with a property makes...
For capital gains tax purposes, not all chattels are equal. In some cases, it is possible to realize a profit on the disposal of a chattel and enjoy that profit tax-free. In other cases, the gains tax must be paid. It all depends on whether the...
From a capital gains tax perspective, there are significant tax savings to be had if a property has been the owner’s only or main residence. The main gains are where the property has been the only or main residence throughout the whole period of ownership....
How to avoid risks in the director's loan account? HMRC produce a series of toolkits which set out common errors that they find in returns. Here are some steps to avoid to fall off in the pit. Although the toolkits primarily aim at agents, they...
Don't allocate specific cars to particular employees. Some employers like having a carpool. Have a number of cars available to everyone. From a tax perspective, QuickBooks accountants, have analyzed how to make carpool work for you. The conditions There are five conditions that need to be met for...
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