Tax Expert

Find out how to pay less tax with up to date Tax Tips and dozens of ways to reduce your tax bill.

Tax Tips  – News from HMRC – for Entrepreneurs & Individuals

 

Many successful businesses eventually reach the same position which is a profitable trading company sitting on significant cash reserves. The question then becomes what to do with that cash. Leaving large sums inside a trading company can expose the business

Rising geopolitical tensions in the Middle East have left many British expats in places like Dubai reconsidering their plans and, in some cases, thinking about returning to the UK sooner than expected. But what happens if you suddenly need to

Backing a talented young athlete can feel like a personal passion project. But what happens when your company steps in to sponsor your child’s sporting career? This is a question we are asked more often than you might think. The

Inheritance Tax was once perceived as a concern primarily for the very wealthy. That perception is no longer accurate. With frozen thresholds and sustained growth in property values, a far broader segment of society now finds itself within scope. Recent

Buy to let investors are once again firmly on HMRC’s radar. We are seeing a noticeable rise in enquiries focused on repairs and renewals claims, particularly where substantial amounts have been deducted from rental income. At the same time, important

Selling online or flipping goods might feel like a hobby or side hustle. But HMRC uses a set of tests to judge whether what you are doing counts as trading for tax purposes. This can have big consequences on how

This page is not intended to constitute tax advice. The information provided in these documents are based on our understanding of current tax law; however, we do not represent or warrant the accuracy of the information contained herein, and any information provided may be incomplete or condensed. Furthermore, the suggestions contained within this document are for discussion purposes only and should not be relied on. You should seek formal tax advice before proceeding with any of the suggestions contained in these documents.