Posts Tagged: Tax

Tax Advantages of Charity Registration

Charity Registration

With over 165,000 registered charities, it prompts a significant question for any prospective charity: Is the pursuit of registered status the right path for us? This decision involves considering your company’s values, as well as your ability to understand and apply strict regulations. (Read Time: Approx. 4 minutes) Topics Discussed: Charity Registration: To Be or… Read more »

Should I put my buy-to-let properties into a limited company?

buy-to-let properties

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. (Read Time: Approx. 3 minutes) Topics Discussed: Exploring the Benefits and Costs of Incorporating Buy-to-Let… Read more »

The Family Business Advantage in Tax Planning and Employment

Family Business

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. In this week’s Friday Tax Tip, we explore the why and how of employing family… Read more »

Mastering UK Property Taxes in 2024

UK Property Taxes 2024

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 for residential property disposals, understanding the impact of these taxes is crucial for property owners…. Read more »

Tax Planning Checklist –
Use Before 5th April 2024

tax planning

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 always recommended when making substantial financial decisions. (Read Time: Approx. 11 minutes) Topics Discussed: Capital… Read more »

Our Top 10 VAT-Saving Strategies

VAT-Saving

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. We talk about our ten favourite VAT-saving strategies, offering invaluable insights for both personal and… Read more »

Spring Budget 2024 – Top 10

Spring Budget 2024

Following the Spring Budget, Tax updates have been announced, ranging from National Insurance cuts to alterations in the taxation of non-domiciled residents, which could significantly impact personal finances and investment strategies. Here’s our top 10: (Read Time: Approx. 8 minutes) Topics Discussed: 1. Cuts to National Insurance Contributions Employees will see the main rate of… Read more »

HMRC Appeals: How to Challenge HMRC

HMRC Appeal

Dealing with HM Revenue and Customs (HMRC) during disagreements can seem daunting; it’s like an individual going up against a powerful tax organisation. However, there’s a silver lining: you have the right to challenge HMRC’s decisions, and submit HMRC appeals. (Read Time: Approx. 4 minutes) Topics Discussed: Your Right to HMRC Appeals: A Closer Look… Read more »

Tax Strategies – Holding Company

holding companies tax

In the evolving journey of a business, growth brings both opportunities and complexities, particularly in managing taxation and protecting assets. We discuss sophisticated structures of mature businesses, offering insights on achieving tax and fortifying asset security strategies. (Read Time: Approx. 3 minutes) Topics Discussed: The Path of Expansion and Its Tax Challenges As businesses expand,… Read more »