3 ways to save tax THIS tax year (if you are quick)

March 16, 2015

The tax year is almost over but there is still a little time (2 weeks) to minimise your tax bill if you act now. Here are 3 suggestions that should be in place to maximise tax savings.

CGT: Buy your children a home and avoid the tax

March 12, 2015

Are you interested in a legitimate way to reduce or eliminate Capital Gains Tax (CGT) on the sale of a second home, whilst providing your children with a roof over their head?

CGT Planning – Avoid tax if you buy your children a home

March 11, 2015

Want to avoid tax on the sale of a second home? There may be a way to legitimately avoid CGT – if you rent your property rent-free to your children.

2015 Business Plan Template – Free Download

March 6, 2015

Don’t leave your business to chance this year, create a Business Plan to guide your business to better profit levels with a clearer strategy. Use our Free Download to get your thoughts onto paper and give yourself targets to keep you on track through the year.

HMRC target wealthy to reduce tax avoidance

March 4, 2015

HMRC’s Affluent Unit now targets for tax inspections UK taxpayers with wealth of over £1 million. Many commercial business owners could be on the radar, are you?

Manage your time to maximise your profits

March 2, 2015

Feel like you’re lacking in time? Time management is essential for a productive and profitable business. Fortunately, there are lots of practical tips and tools to ensure you are using your time effectively and in turn, maximising profits.

Class 2 to be collected through self-assessment

February 26, 2015

To help reduce admin for small business owners, HMRC are changing the way Class 2 National Insurance will be collected. NI Contributions will now be calculated and paid as part of the self-assessment as from April 2015.

TAX: HMRC plan to remove £100 penalty for late filing

February 25, 2015

HMRC are proposing a change, they’re making plans to abolish the automatic £100 late filing penalty for self-assessment and focusing on charging higher interest on tax debt instead.

How best to split your rental profits

February 18, 2015

Own a rental property jointly with a spouse or civil partner? There may be a more tax efficient way to split the profits than 50:50.

PROPERTY: Is your rental property let at market rate?

February 18, 2015

How much you charge for the rent on your property is largely up to you. If you are not letting your rental property for the correct market rate, there may be consequences to what expenses you can claim for.