Are training costs tax deductible for the self-employed?
HM Revenue & Customs have recently updated and clarified their guidance on training costs paid by the self-employed (March 2024). […]
Tax
Second properties and capital gains tax
There has been recent press speculation around Angela Rayner and her disposal of a property that, purportedly, gave rise to
Make use of ISAs to save tax now!
Individual Savings Accounts (ISAs) are tax-efficient savings and investment accounts that offer a range of advantages to individuals who wish
Dividend or salary – or both to extract funds from your company
What is the most efficient method of extracting funds from your company? As a director of your limited company, you
The Budget and VAT
From 1 April 2024, the VAT registration threshold and deregistration thresholds each increased by £5,000 to £90,000 and £88,000 respectively.
High-Income Child Benefit Charge
Approximately 180,000 families are encouraged to reconsider claiming child benefit following changes to the high-income child benefit charge (HICBC), which
Cash basis of accounting – is it right for you?
HMRC are removing many of the restrictions on the use of the cash basis, reducing the complexity of tax returns
What are the tax rates anyway?
The headline income tax rates for England and Wales are 20%, 40% and 45%, and this gets more complex when
Dividend tax
Currently, £1,000 can be taken as tax free dividend income in the current tax year 2023-24. It was £2,000 prior
March year end approaching?
Tax planning in arrears when the accounting date has passed is severely limited; please consider the opportunities that arise within