Category: Tax

Marriage Allowance

The UK tax system is based on the independent taxation of each individual so it is difficult to reward couples for being married, but the marriage allowance attempts to do that. It is a transfer of 10% of the personal

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Winding Up A Limited Company

If you have stopped trading through your own personal limited company and have no further use for it you could sell the shares or wind it up taking out any value as cash. There is a very limited market for

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Selling a Let Property

Many landlords are deciding to sell their residential properties. From 6th April 2020, none of the interest and finance charges relating to those properties can be deducted from the rental income. Instead, the landlord receives a tax credit equal to

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Prepare for changes to IR35

The IR35 rules are designed to discourage avoidance of payroll taxes by organisations who engage workers through personal service companies (PSCs) or other intermediaries rather than taking them on to the payroll. The IR35 rules were altered from 6th April

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Start Up Planning

It is very tempting, when starting a new business, to think only about the day to day trading, and opt for the cheapest method of starting-up by opting for free-banking and avoiding the “perceived” expense of solicitors and accountants. A

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Self Assessment Checklist

PERSONAL SELF ASSESSMENT CHECKLIST 18/19 Period Covered: 6th April 2018 to 5th April 2019 In order for us to prepare your personal tax return, please provide full details of all aspects of your personal financial affairs.  If in doubt whether

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Limited Company Benefits

Hundreds of private limited companies are being formed every day. If you are thinking of starting a new business, or are currently in business as a sole trader or partnership, you really need to be thinking about whether to trade

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