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 »
Tax season is here, and with it comes the pressure of meeting the Self-Assessment (SA) deadline. The stakes are high: missing the January 31st deadline can lead to significant penalties, interest charges, and long-term financial consequences. Are you ready to face the financial fallout of procrastination, or will you take action to save yourself from… Read more »
HMRC is cracking down on tax evasion involving online platforms like Deliveroo, Just Eat, Foodhub, and Uber Eats, targeting fast food businesses and individuals suspected of underreporting their sales turnover. With the first reports under new digital platform rules due by 31st January 2025, businesses and self-employed individuals have a critical window to get their… Read more »
The New Year is here, and with it comes the perennial duty for self-employed individuals, freelancers, and high earners in the UK: submitting your self-assessment tax return. With the 31st of January deadline fast approaching, now is the time to avoid last-minute stress and financial penalties. (Read Time: Approx. 4 minutes) Topics Discussed: The Self-Assessment… Read more »
Protecting your heirs from burdensome inheritance tax bills is a growing priority for many families. With rising property values and changes in tax regulations, gifting property has become an increasingly popular strategy. However, without proper planning, this approach can backfire. (Read Time: Approx. 4 minutes) Topics Discussed: Why Property Gifting is On the Rise With… Read more »
The inheritance tax freeze and rising property values are dragging over 600,000 landlords into the death tax net, creating a costly problem that could force the sale of rental properties and disrupt the housing market. Here’s how you can counteract these changes before they’re put in place. (Read Time: Approx. 3 minutes) Topics Discussed: The… Read more »
The Chancellor’s Budget announcement that pensions will fall under inheritance tax (IHT) from April 2027 is poised to reshape financial planning for retirees. This significant change could see families paying a “double tax” on pensions, with rates potentially reaching as high as 90% in extreme cases. Here’s what you need to know and how to… Read more »
