Inheritance Tax
Inheritance Tax (IHT) – This factsheet covers IHT reliefs, Main Residence Nil-rate band, giving assets away, wills, trusts, living abroad and double taxation treaties. Income Tax Reliefs
Extracting Company Profits
Extracting Company Profits – This factsheet covers the best way to extract funds from a company, taking a salary, tax-free benefits, dividends, interest on monies loaned, receiving rents for personal assets and the best overall extraction strategy. Extracting Company Profits
Corporation Tax
Corporation Tax – This factsheet covers who pays Corporation Tax, filing tax returns, calculating your CT bill, rates of CT payable, what accounting records do you need to keep and for how long, CT reliefs available, submitting late returns and unpaid loans to directors/shareholders. Corporation Tax
Annual Investment Allowance
Annual Investment Allowance – This factsheet covers what AIA is, claiming AIA and selling the underlying asset, reducing your AIA claim, when is AIA not available, investment decisions and other issues to consider. Annual Investment Allowance
Cash basis accounting for tax
Cash basis accounting for tax – This factsheet covers when the cash basis may not be suitable for your business, who can and can’t use the cash basis, recording income and expenses, VAT registered businesses and micro-sized businesses. Cash Basis Accounting for Tax
Basic tax planning
Basic tax planning – This factsheet covers why tax planning is adviseable, what does it involve and who will benefit, why one size to fit all does not work and planning to save tax. Basic Tax Planning
Business Structure
Business Structure – This factsheet covers business risks, sole traders, partnerships, limited liability partnerships, companies limited by guarantee and limited companies. Business Structure
Anti-Money Laundering
One of the key pieces of government legislation intended to tackle financial crime is the money laundering rules and regulations. The money laundering rules are designed to protect the UK financial system and put in place certain controls to prevent businesses being used for money laundering by criminals and terrorists. Anti-Money Laundering
Save tax by making pension contributions
There are generous tax benefits available if you pay into a private pension fund. You can claim tax relief for contributions made subject to the overriding limits listed below and benefit from tax relief at the highest rate of Income Tax you pay. This makes building a pension pot a very tax-efficient way to save […]
Going electric – the advantages of investing in zero-emission vehicles
Going electric – the advantages of investing in zero-emission vehicles Stamp Duty Land Tax