For properties, mortgage interest relief has been slashed, creating ‘artificial profits’ and causing personal tax bills to rise drastically, resulting in negative cash flow for investors of properties. Many are considering moving their properties into a limited company. It sounds like a clever move, but without the right tax structure, it can lead to unexpected… Read more »
Running a business is no small feat, and neither is planning for what happens after you’re gone. For UK owners of a business, inheritance tax (IHT) can quietly chip away at the legacy you’ve worked hard to build. But with foresight and the right strategies, you can minimise the tax burden and secure your wealth… Read more »
As the end of the tax year approaches on 5 April 2025, businesses must take proactive steps to reduce their tax liabilities, maximise available reliefs, and avoid unnecessary financial strain. With changes to tax rates, allowances, and deductions, early planning is crucial to ensure your business takes full advantage of available opportunities. This guide outlines… Read more »
Major Benefit in Kind (BIK) tax increases and changes in VAT rules for pickups are coming on 6th April 2025. If you drive a company car, or use a double cab pickup for work, these changes will impact your tax bill. This guide covers everything you need to know about upcoming BIK changes, how to… Read more »
The upcoming fiscal changes set to take effect in April 2025 will significantly impact small businesses, particularly those in the hospitality and retail industries. With the increase in the national minimum wage and the rise in employer’s National Insurance Contributions (NICs), businesses must take proactive steps to mitigate financial strain. This article explores what’s changing… Read more »
Dubai has become the go-to destination for entrepreneurs, influencers, and digital nomads alike. It’s all over the news, and chances are, you’ve heard at least one person in your circle talk about relocating. But is it the right move for you? Let’s break it down and see if Dubai aligns with your financial and business… Read more »
The idea of setting up a holding company is increasingly popular, especially on social media, where unregulated advisers promote the structure as a silver bullet for tax efficiency. But hidden tax traps lurk for those who cut corners. Understanding the importance of HMRC clearance and professional advice can be the difference between a sound corporate… Read more »
Setting up a family charitable trust isn’t just for the ultra-wealthy—it’s a powerful tax-saving tool that can benefit any profitable business. While billionaires have been leveraging these trusts for years, most business owners aren’t aware of the massive tax advantages they offer. From Gift Aid boosts to inheritance tax savings, a charitable trust can protect… Read more »
Tax planning is often seen as complex, but a few strategic adjustments can make an enormous difference to your bottom line. If you are drawing £125,000 from your limited company in the traditional way, you could be paying thousands more in tax than necessary. However, with some simple yet highly effective changes, you can reduce… Read more »
Tax season often feels overwhelming, with taxpayers scrambling to complete their returns and dreading hefty bills. Beyond the usual strategies like pensions and ISAs, there are creative and lesser-known ways to reduce your tax liability. These strategies could save you money while ensuring compliance with HMRC regulations. (Read Time: Approx. 4 minutes) Topics Discussed: The… Read more »
