TAX: Summary of tax rates for 2015-2016

January 5, 2015

Now that the new tax year is just a few months away, we have the full picture on tax rates, tax reliefs and allowances for the 2015-2016 tax year.

Reduced tax benefits for new incorporations – what now?

January 2, 2015

As the viability of incorporating your business has changed following new rates of CGT, announced in December 2014, what else can you consider to save tax in 2015?

TAX: Company cars are a thing of the past

December 28, 2014

Over the past few years the company car is becoming extinct, as it is simply being taxed out of the market. Is it worth owning a company car or is it better from a tax perspective to charge your company mileage?

TAX: Small Business Rates Relief

December 23, 2014

The Small Business Rates Relief has been doubled for another year from April 2015. RV under £6,000? Zero Business rates are due, RV between £6,001-£12,000, you could claim a reduction betwen 1%-50%

TAX: Pensions and Savings following the Autumn Statement

December 19, 2014

The Autumn Statement bought news regarding pensions and ISA’s, pensions and savings both had tax related announcements that could affect you.

BUSINESS: Deduct the cost of your professional subscriptions

December 15, 2014

As a medical or dental professional you could claim the costs of your professional subscriptions if they feature on the HMRC list of approved organisations.

How the 2014 Autumn Statement affects you

December 9, 2014

The Autumn Statement 2014 was always expected to be significant with the General Election next year and it certainly has raised some interesting points, some positive and some negative for the financial future of doctors and dentists.

Have you started your 2015 business plan?

December 4, 2014

2015 is just around the corner. Along with festivities, make a start on your 2015 business plan by downloading our FREE “SWOT analysis” checklist, for a more profitable practice next year.

Treat your team this Christmas and know the tax treatment

December 1, 2014

You may be planning to treat your staff this year by a Christmas party, festive meal or maybe a personal gift to say thanks for their hard work this year. Ensure to maximise your tax relief by understanding the tax implications.

CALENDAR: Don’t forget the 31st January 2015

November 27, 2014

The 31 January is a very important date in the tax calendar, taking into account both the self assessment filing date and the date by which tax on last year’s profit becomes due, plus the first “payment on account”.