TAX TIP OF THE WEEK – Fancy getting away for the winter months to that new holiday home in Spain , could you do so tax efficiently?
You would love to buy that property, the problem is you don’t have that much in personal savings to stump up a deposit, as all
TAX TIP OF THE WEEK – Are you planning to buy out your business partner and co-director in the near future? Make sure you do so tax efficiently
Are you planning to eventually buy out your business partner and co-director? Make sure you do so tax efficiently.. So you have agreed a fair
TAX TIP OF THE WEEK – Rather than considering a pay rise for your employees , consider a cheaper way for you to increase their pay via the use of tax-free travel expenses.
In order to cut the red tape for employers , HMRC let you use benchmark rates to cover employee travel and subsistence expenses: The daily
TAX TIP OF THE WEEK – Ever considered getting a classic set of wheels to take advantage of the tax breaks
It is generally not recommended to purchase a petrol/diesel car through the company due benefit in kind charges that apply. These are based on the
TAX TIP OF THE WEEK – Are you losing out further on money lost on shares, investments or properties recently. If so not following the correct process could cost you £££ of tax in future years.
So that stock that you thought was going to be the next Amazon but turned out to be a big flop which resulted in a
TAX TIP OF THE WEEK – Looking to pass wealth on to your kids? Piling money into savings accounts while they are under 18 can have some unforeseen tax consequences, however, there is 1 type of gift that comes with tax perks.
There are 2 tax traps with just transferring money into their savings accounts: 1. Interest earned from these accounts (if more than £100/annum) couldn’t as
So your child has decided they want to learn the trumpet as part of their music lessons at school. As schools aren’t in the habit
In situations where your husband/wife perhaps has a part-time job and didn’t earn more than £12500 marriage allowance may come in handy. Marriage allowance allows
Putting money into a new company is nearly always risky, but doing it tax-efficiently means at least you will benefit in some way even it