PROPERTY: Correctly claiming tax relief on your rental property

October 23, 2014

Do you know how to differentiate between a capital cost and an expenditure cost for your rental property? 100% Tax relief is available on expenses that are required for the general running of the property, are you claiming tax relief correctly?

Could you be forced to pay disputed tax up-front?

October 22, 2014

HMRC have been given new powers to demand tax upfront from those involved with tax schemes. If an accelerated payment notice is issued, the taxpayer has 90 days to make payment.

Business Analysis and Goal Setting at half time

October 17, 2014

The end of September marks the middle of the tax year and is a good landmark in the financial calendar to assess the first six months and make plans for the next, to ensure your business will maximise profits and minimise tax.

National minimum wage to change

October 17, 2014

The National Minimum Wage rates will increase from 1 October 2014.

Apply today to protect your pension tax allowance

October 15, 2014

Pension holders with funds in excess of £1.25 million at 5 April 2014 are encouraged to protect their Lifetime Allowance (LTA) From 18 August 2014 you can apply online to protect your Lifetime Allowance for tax breaks on pension savings.

Setting business goals for the second half

October 13, 2014

For most doctors and dentists this is “half time” for their financial year, so it’s a good month to baton down the hatches and reassess your strategy. Time to review your first half performance and plan for the second!

Incorporation – why it is vital to get it right

October 10, 2014

The vast majority of the dental and medical clients at Figurit trade under a limited company structure, which can help maximise tax breaks. Getting the structure right from the start though is absolutely vital.

When is the Autumn Statement date for 2014?

October 9, 2014

3 December 2014 is the confirmed date for the Chancellor to present the Autumn Statement, an update on the current state of the economy – this will no doubt be of great interest to the public and business owners alike.

Get your head in the cloud – save time and money using Cloud Technology

October 8, 2014

When people talk about “The Cloud” is it just something way over your head? Cloud Technology can save businesses considerable time and money as well as other benefits.

Another extension for automatic RTI penalties

October 7, 2014

Automatic penalties for late RTI filing to now come into play in March 15 for businesses with less than 50 employees. Does this include your business?