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

 

This week, we’ve had an interesting question regarding by-to-let property management, and with permission of those who submitted, we’ve our answer with you. Remember, email us at info@taxexpert.co.uk with any of your burning questions, and we’ll get back to you.

Employing family members within a private business is a strategy embraced by many for its substantial tax benefits and the personal satisfaction of running a family-oriented operation. However, navigating the legal and tax implications demands careful consideration and strategic planning.

A brown envelope arrives in your letterbox, not with demands, but with a promise of a HMRC refund. As the 2023-24 tax year wraps up, HMRC is reviewing millions of taxpayer accounts to ensure everyone has paid just the right

Property taxation is often changing and updating, and includes specific taxes, such as Capital Gains Tax (CGT), Corporation Tax, and Income Tax on rental earnings. Each year can bring some changes, and with 2024 bringing an adjustment of CGT rates

As we approach the end of the 2023/24 tax year, it’s crucial to explore avenues for tax savings. Below are targeted strategies to enhance your tax planning before April 5, 2024. Remember, consulting a tax professional, such as www.taxexpert.co.uk, is

With The VAT rate steadfast at 20%, individuals and businesses should seek strategies that soften its financial impact. This necessity becomes more pronounced as we face an ever-evolving economic environment where effective financial planning is not just beneficial but essential.

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.