How to extract profits out of companies
Believe it or not, there are more than 4.7 million limited companies registered in the UK. This includes the 810,316 incorporations that signed up in… Read More »How to extract profits out of companies
Tax
MTD: Making Tax Digital for income tax
Editor’s note (March 2026): MTD for Income Tax now starts 6 April 2026 for those with qualifying income over £50,000. For the latest deadlines, thresholds… Read More »MTD: Making Tax Digital for income tax
Tax planning for a residential landlord.
After a challenging year as a UK residential landlord, you might have read about improvements to the buy-to-let mortgage market in recent weeks. In the… Read More »Tax planning for a residential landlord.
Furnished Holiday Let tax implications
COVID-19 prompts high demand for UK holidays. Owning and letting out a holiday home, otherwise known as a furnished holiday let (FHL), has always been… Read More »Furnished Holiday Let tax implications
HMRC to contact self-employed claimants for grant four SEISS applications
HMRC has confirmed that it will be contacting eligible self-employed individuals based on their tax returns in mid-April to give a date for making applications… Read More »HMRC to contact self-employed claimants for grant four SEISS applications
Personal tax planning in 2021/22
Personal tax planning in 2021/22 If there’s one thing to take away from Spring Budget 2021, it’s taking charge of your personal finances is going… Read More »Personal tax planning in 2021/22
IR35 in the private sector – 2021
Are you prepared for changes to the IR35 rules? Exactly a year later than planned, changes to the off-payroll rules – known as IR35 –… Read More »IR35 in the private sector – 2021
Business asset disposal relief
Last March, one of the headline-grabbing measures announced in what will be the only Budget speech of 2020 surrounded what we knew as entrepreneurs’ relief.… Read More »Business asset disposal relief
Finance cost relief for residential lets
Historically, landlords have enjoyed generous income and capital gains tax reliefs which helped make residential property an attractive investment for those looking to add to… Read More »Finance cost relief for residential lets
Getting on top of self-assessment
With everything that’s happened so far this year, it might be easy to forget your obligations to file a tax return for 2019/20 by midnight… Read More »Getting on top of self-assessment