Posts Tagged: tax planning tax consultant

Flexible Working: Fad or Future? Have Your Say Now

The UK government have opened a consultation on the Right to Request flexible working. You have until 1st December to make your opinion known. Current Flexible Working Rules The UK government is proposing changes to workers’ rights that could see a dramatic cultural shift sweep through workplaces across England, Scotland and Wales. These proposals aim… Read more »

Business Property Relief for Inheritance Tax Planning? How It Works

Business Property Relief is a vital tool in the IHT planning arsenal, offering huge IHT reductions with minimal loss of control. Could this be the right strategy for you? Inheritance Tax Planning Strategies Despite predictions from experts and government consultations, Inheritance Tax (IHT) was untouched in the recent budget. This is welcome news to many… Read more »

Autumn Budget 2021: The Whistle-stop Tour

The autumn budget 2021 revealed plans for a slew of policy changes, including a 50% business rates discount and minimum wage increase. Let’s review the key changes. What’s in the Autumn Budget? Last Wednesday, Chancellor Rishi Sunak stepped out of Downing Street for the traditional budget photo op before formally unveiling the policies that will… Read more »

Substantial Shareholdings Exemption: The £10 million Tax Quirk

Substantial Shareholdings Exemption law technicalities cost one business £10 million on tax. How one simple oversight cost a business £10 million in tax, and how to learn from their mistake. The Case Earlier this year, the company M Group was forced to pay £10 million in taxes. They were deemed to have wrongfully claimed Substantial Shareholdings… Read more »

Child Benefit Tax Charge: Make Child Benefit Work for You

High Income Child Benefit Tax Charge can be as tedious to manage as it is to say out loud, but it doesn’t have to be. Keep reading to find out how to make Child benefit work for you without the hassle. How the High Income Child Benefit Tax Charge Works HMRC introduced the High Income Child Benefit Tax Charge… Read more »

Working from home: Squeeze a few quid out of HMRC!

Claiming directors’ Working from Home Allowance has become even simpler… Directors’ Working from Home Allowance Working from home brings many benefits with it but can also become very costly very quickly. With business phone calls, lighting, heating, etc, the expenses can mount up without you even noticing. As a director working from home, you might… Read more »

Smart Tax Planning for University Fees (for Parents)

Wondering how to best help your child through their university days? Learn how Smart Tax Planning by inviting them into your business can provide for university fees! Tax & University Students Many parents look towards their children’s university experience with both anxiety and pride. Consequently, it’s common to want to provide some additional financial support… Read more »

HMRC Tax Investigations: Backdoor Access to Your Accounts?

HMRC tax investigations are requesting access to your accountancy records from programs such as Sage, Xero and FreeAgent Should you volunteer your information or not? Let’s break down both options to see what might work best for you What Are HMRC Asking For? HMRC tax investigations are asking business owners who use accounting software to… Read more »

Deflating Dividends: Shareholders Will be 1.25% Worse Off.

Shareholders 1.25% Worse Off Under The NHS Health and Social Care Levy The levy will see an unprecedented 1.25% increase in NI contributions and dividend payments Shareholders of small businesses to be hit especially hard by double taxation Why is National Insurance Increasing? The changes brought about by the NHS Health and Social Care Levy… Read more »