Archives / 248 post/s found
Budget 21st March 2012 – Key Points
Amidst fears of a double-dip recession, Chancellor of the Exchequer George Osborne had the unenviable task of presenting the Budget for the third time on 21st March 2012. It came as no surprise when the Chancellor announced very early on in his speech that there would be no "unfunded giveaways", confirming speculation that any concessions would need to be offset by an increase in tax elsewhere. Although there was a significant change to the Stamp Duty on residential property costing over £2m, the wealthy will benefit from a cut in the top rate of tax down to 45% from April [...]
Autumn Statment Summary 2011
On 29th November 2011, the Chancellor of the Exchequer, George Osborne, announced the Autumn Statement which provides an update on the Government's plans for the economy, based on the latest forecasts from the Office for Budget Responsibility. Small businesses across the UK have seen the devastating impact that excessive red tape and lack of funding have had, however some elements in this Autumn Statement offer chinks of light amongst the Chancellor's doom and gloom. Businesses in need of finance Guarantees - The Government is to back £20 billion of business loans under the National Loan Guarantee Scheme. The scheme will lower the [...]
Capital Gains Tax and the Family Home
This is the third and final post (at least for now) relating to tax on properties. It covers capital gains tax on your main residence. As always, please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Capital Gains Tax and the Family Home The capital gains tax (CGT) exemption for [...]
Top Tips – August 2011
This is a round-up of questions that have been raised by clients over the past few weeks. They are being posted here for general information, but please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Reducing the reporting of expenses and benefits Q: I've recently submitted forms P11D and P11D(b) [...]
Buy to Let Properties
Following our post about the tax aspects of property investment, this covers issues relating to 'Buy to Let' properties. As always, please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Buy to Let Properties In recent years, the stock market has had its ups and downs. Add to this the [...]
Tax Tips – July 2011
This is a round-up of questions that have been raised by clients over the past few weeks. They are being posted here for general information, but please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. July 2011 Companies making donations Q: I am a director of a small limited company [...]
Property Investment : Some Tax Aspects
A number of clients have raised questions concerning property investment. This post covers some of the general issues, but please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Property Investment: Some Tax Aspects Investment in property has been and continues to be a popular form of investment by many people. [...]
Tax Tips – June 2011
This is a round-up of questions that have been raised by clients over the past few weeks. They are being posted here for general information, but please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Can I use my loss? Q: I paint in my spare time and sometimes, my [...]
May 2011 Questions and Answers
This is a round-up of questions that have been raised by clients over the past few weeks. They are being posted here for general information, but please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Withdrawals from a company Q: My daughter has just found a house she'd like to [...]
April 2011 Questions and Answers
This is a round-up of questions that have been raised by clients over the past few weeks. They are being posted here for general information, but please see the disclaimer at the end!!! if you want to discuss how any of these issues – or other tax and related business matters – may affect your business please get in touch (email here or telephone 01905 21411) for a free, no-obligation discussion. To sign up for our monthly Newsletter for Small Business visit our webpage here. Too big to cash account Q: I am about to complete my VAT return for [...]