Tax-free investments using Premium Bonds
Premium Bonds (PBs) are an investment product issued and maintained by National Savings and Investments (NS&I), which in turn, is backed by HM Treasury. With
May 1, 2019
Make the most of your allowances
The tax system contains a number of allowances which enable individuals to enjoy income and gains tax free. In seeking to maximise your tax-free income,
May 1, 2019
Abatement of the personal allowance
Not all taxpayers are able to benefit from the personal allowance – once income exceeds £100,000 the allowance is gradually reduced until it is eliminated
May 1, 2019
Does the marriage allowance apply to you?
The marriage allowance can be beneficial to married couples and civil partners on lower incomes. Claiming the marriage allowance is worth up to £238 in
May 1, 2019
Employee Benefits, Tax free
More than 25 million working days are lost annually due to work-related ill health matters, including the two leading causes of workplace absence, namely back
May 1, 2019
Directors’ NICs – the correct way to pay
The non-cumulative nature for calculating National Insurance Contributions (NICs) makes it possible to manipulate earnings to reduce the overall amount payable by taking advantage of
May 1, 2019
What can be done with business losses?
Providing a business is being undertaken on a commercial basis with a view to making a profit, it is generally possible to claim relief for
May 1, 2019
Would you rent out a property as a long-term rental or holiday let?
Where a property is located in a holiday region, a consideration will be whether to let it as a holiday let or on a longer-term
May 1, 2019
Rent-a-room: Can you benefit?
Rent-a-room relief was introduced to encourage people to let spare rooms in their own home in order to increase the supply of low-cost rental accommodation.
May 1, 2019
Interest relief for renovation or development costs
Often, when a property is purchased there is work to be done before it can be let out or sold. Where this work is financed
May 1, 2019
Importance of registering for child benefit even if the High-Income Child Benefit charge applies
Parents affected by the High-Income Child Benefit charge (HICBC) can be forgiven for thinking that there is no point is registering for child benefit if
May 1, 2019
Jointly-owned property – who pays the tax?
Where property is jointly-owned, the way in which the rental income can be split between the joint owners for tax purposes depends on whether the
May 1, 2019
Using the cash basis – is it for you?
The cash basis is a simpler way of working out taxable profits compared to the traditional accruals method. The cash basis takes account only of
May 1, 2019
Amending your tax return
The deadline for filing the 2017/18 self-assessment tax return of 31 January 2019 has now passed. You filed your return on time and paid the
May 1, 2019
Don’t pay for expenses that your employer should be paying for – here’s how and when to claim a tax deduction.
Employees – claim a tax deduction for expenses Employees often incur expenses in doing their job – this may be the cost of a train
May 1, 2019
Which childcare scheme is best for your family?
Employees who joined their employer’s childcare voucher or employer-supported childcare scheme before 4 October 2018 can remain in that scheme and benefit from the associated
April 19, 2019
Overdrawn director’s loan accounts
In a personal or family company, the lines between the directors as individuals and the company are often blurred – the director may lend money
April 19, 2019
Modern Day Accounting in Hounslow
Modern Day Accounting in Hounslow Accounting tends to be one of the most crucial factors for any business. This is essential because of the
January 1, 1970