Tax Tips
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
TAX TIP OF THE WEEK – VAT savings for kids that learn a musical instrument
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
TAX TIP OF THE WEEK – Does your spouse have any unused personal allowances for the 21/22 tax year?
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
TAX TIP OF THE WEEK – Want to invest in a new business on the side but not sure how to fund it?
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