In July last year, the Government announced a temporary increase in the residential stamp duty land tax (SDLT) threshold to £500,000. The higher threshold applies
All taxpayers, regardless of the rate at which they pay tax, are entitled to a tax-free allowance for dividends. For 2020/21 this is set at
Since 2017/18, the amount of income tax relief that landlords with residential properties have been able to claim on residential property finance costs (e.g. mortgage interest) has gradually
As part of the Chancellor’s Coronavirus support package taxpayers were permitted to defer payment of the July 2020 income tax Payment on Account instalment until
The VAT Flat rate scheme is a simplified scheme for smaller businesses. Under the flat rate scheme, VAT-registered traders pay a fixed percentage of their
The Coronavirus Statutory Sick Pay Rebate Scheme allows smaller employers to reclaim some or all of the Statutory Sick Pay (SSP) paid to employees who
The 2020/21 tax year comes to an end on 5 April 2021. The last few months of the year are a good time to undertake
The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021. If you miss this deadline, you will automatically receive a
There are two nil rates bands for inheritance tax – the nil rate band of £325,000 and the Residence Nil Rate Band, set at £175,000
Looking for the Best Hounslow Accountants? Do you want someone who can help you with all your bookkeeping and accounting needs? You are at the
Looking for a reliable tax advisor? Want help with your Tax Filing or Self Assessment? Do you want someone who can help you with all
A limited liability partnership (LLP) can be used for a property business and offers some advantages over unincorporated businesses and limited liability companies. A property
Although it is possible to transfer assets between spouses at a value that gives rise to neither a gain nor a loss, giving a property
When it was first introduced in 2000, the Enterprise Management Incentive (EMI) scheme had an initial life expectancy of around five years, but arrangements proved
Self Assessment Tax Returns Deadline: 31st January 2021 If you are self employed, you must know the deadline to complete online Self Assessment tax returns
The government is currently undertaking a fundamental review of the current business rates system, including ideas for possible change and a number of alternative taxes.
Are you looking for professional accounting service in Hounslow? You are at the right place! For many business owners, managing finances is the scariest aspect
Wonder How Small Business Accountants Can Help You? Are you a small business looking to hire an accountant? or you don’t know whether to hire
Repayment of student loans is a shared responsibility between the Student Loans Company (SLC) and HMRC. Employers have an obligation to deduct student loan repayments
The Brexit transitional period comes to an end of 31 December 2020 and various changes come into effect from 1 January 2021. One of these
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