Umar Memon
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The risks of a tax investigation
Will HMRC come knocking on your door? It’s a fact – humans are bad at assessing risk. We’re terrified of things that rarely happen (plane crashes, power station meltdowns) but relatively blasé about things that are statistically more likely to… Read more The risks of a tax investigation
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Changes to probate in 2019
Controversial fee increase set to take place from April From April 2019, some estates in England and Wales could be required to pay almost £6,000 for a service that currently costs less than 4% of that amount. This is because… Read more Changes to probate in 2019
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National insurance planning
Obligations and opportunities National insurance contributions (NICs) are set aside to pay the state pension and other benefits, but due to the UK’s ageing population the National Insurance Fund is under increasing strain, with the state pension taking up more… Read more National insurance planning
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Planning your estate: wills
How to plan and make a legally valid will Most people don’t like to think about their own mortality, but planning for the future is important to ensure your property, money and possessions are distributed the way you intend. Writing… Read more Planning your estate: wills
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Completing your self-assessment tax return
What you need to know before filing self-assessment for 2017/18 It’s a common scenario. As the year draws to a close, the thought of your tax return is there, at the back of your mind. But with so much time… Read more Completing your self-assessment tax return
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Lords call for delay in MTD for VAT until 2020
MTD to be delayed? The House of Lords economic affairs committee has issued a scathing report on HMRC’s upcoming Making Tax Digital (MTD) for VAT scheme. MTD is due to come into effect 1st April 2019, but the Lords have… Read more Lords call for delay in MTD for VAT until 2020
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Deregistering for VAT
When and how to begin the process of deregistration These days VAT thresholds are the subject of much speculation, with the Government concerned that many business owners deliberately choose to stay below the VAT-registration threshold. Limiting your ambition in this… Read more Deregistering for VAT
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Starting a business
What you need to know before launching a startup Britain is a nation of fearless entrepreneurs, but the likes of Richard Branson and James Dyson didn’t go from rags to riches instantly. Branson needed a £300 loan to get his… Read more Starting a business
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Using pension funds in your business
How your pension savings can help finance your business As traditional loans fall out of favour with increasing numbers of business owners, you may be looking for an alternative route for financing – and your pension could be the answer.… Read more Using pension funds in your business
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Extracting profits from a business
What are the tax implications? People run businesses for a variety of reasons from passion to pride, but making a living is high up the list for most people. How do you go about drawing profit from your business, and… Read more Extracting profits from a business
