TAX ARTICLES

Finance & Accounting

The importance of keeping good business records

To ensure that you pay the correct amount of tax and file correct tax returns with HMRC, it is vital that you keep complete and …

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Finance & Accounting>Employee Expenses

Working from home – claim tax relief for your expenses

An increasing number of employees work from home some or all of the time. Where they do so, they may be able to claim tax …

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Finance & Accounting>Inheritance Tax

Give to charity to reduce your inheritance tax bill

Making gifts to charity can be an effective way to reduce the amount of inheritance tax (IHT) payable on your estate. Charitable gifts can work …

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Finance & Accounting>Income Tax

Here’s how to earn tax-free money through doing something you love.

Spare time earnings may be tax-free The new trading tax allowance for individuals of £1,000 was introduced from 6 April 2017 and applies for the …

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Finance & Accounting>Employment Allowance

Employment allowance – upcoming changes

The employment allowance (EA) was introduced from April 2014, potentially cutting every employer’s NIC payments by allowing businesses and charities to offset up to a …

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Finance & Accounting>Capital Gains Tax

The CGT annual exemption – use it or lose it!

Capital gains tax (CGT) is normally paid when an item is either sold or given away. It is usually paid on profits made by selling …

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