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Tag: Tax-efficient finance for your company

Tax-efficient finance for your company 21/Jun/2022
Tax-efficient finance for your company

HMRC have recently updated their guidance for companies looking to attract investors to buy shares in their company. If structured correctly, and if the company qualifies under the Enterprise Investment […]

Should I change my accounting date? 20/Jun/2022
Should I change my accounting date?

In preparation of the introduction of MTD for income tax, which comes into effect from 6 April 2024 for unincorporated businesses and landlords with trading and property income of more […]

Plan capital expenditure to benefit from time-limited reliefs 15/Jun/2022
Plan capital expenditure to benefit from time-limited reliefs

Unincorporated businesses and companies planning capital expenditure projects need to be aware of some time-limited reliefs. Timing capital expenditure to benefit from these reliefs can be financially beneficial. Annual investment […]

Corporation tax – are you ‘associated’? 13/Jun/2022
Corporation tax – are you ‘associated’?

The corporation tax rules are changing from 1 April 2023, and the amount that a company will pay will depend on the level of its profits, and also whether or […]

High Income Child Benefit Charge – not just for higher rate taxpayers 10/Jun/2022
High Income Child Benefit Charge – not just for higher rate taxpayers

The High Income Child Benefit Charge (HICBC) is a tax charge that claws back payments of child benefit where the recipient or the recipient’s partner has income of at least […]

Relief for homeworking expenses post Covid-19 03/Jun/2022
Relief for homeworking expenses post Covid-19

The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made the transition to home working, post pandemic, many employees have continued to […]

Featured in the accountingweb for Accounting Excellence awards 24/May/2022
Featured in the accountingweb for Accounting Excellence awards

Last year in Oct 2021, we were very excited to have won two awards at the 2021 Accounting Excellence Awards – picking up “The Client Service Firm of the Year” […]

Splitting capital and revenue expenditure 02/May/2022
Splitting capital and revenue expenditure

When it comes to tax relief for expenditure, not all expenditure is equal. The relief, if any, that is available, depends on whether the expenditure is capital or revenue, and […]

Allocating income for tax when property is jointly owned 25/Apr/2022
Allocating income for tax when property is jointly owned

Property that is jointly-owned may be let out. As people are taxed individually, the income must be allocated in order to work out the tax that each joint owner is […]

Plastic packaging tax – who is liable? 21/Apr/2022
Plastic packaging tax – who is liable?

Plastic packaging tax is a new tax that comes into effect from 1 April 2021. The tax has a green agenda – its aim is to reduce the amount of […]

MTD for VAT for all 20/Apr/2022
MTD for VAT for all

Under Making Tax Digital (MTD) for VAT, VAT-registered traders must keep electronic records and file their VAT returns electronically using software that is compatible with MTD for VAT. Prior to […]

Claiming NIC veterans’ relief from April 2022 19/Apr/2022
Claiming NIC veterans’ relief from April 2022

To encourage employers to employ armed forces veterans, a new relief was introduced with effect from 6 April 2021 where an employer took on an armed forces veteran in the […]

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