ACCOUNTANTS TAX TIPS FOR LANDLORDS

LIMITED COMPANY VS PRIVATE OWNERSHIP – WHAT IS BEST? Mainly due to changes in mortgage tax relief there has been a huge increase in applications for landlords setting up limited companies.  Landlords have quickly seen the advantage of the tax benefits for limited companies.   The number of buy-to-let mortgages issued to companies has likewise risen.   […]

14 THINGS YOU DIDN’T KNOW AN ACCOUNTANT COULD DO

(Small business guides – written by Xero software) Accountants do more than you think. They can give you strategic advice and come up with clever ways to save money or boost revenue. They’ll also remove or automate administrative tasks that distract you from your core business. Get an accountant and you’ll run your business with […]

4 THINGS YOUR ACCOUNTANT CAN DO THAT ISN’T YOUR TAX RETURN

For both new business and those that have a long trading history, an accountant can sometimes be an untapped resource. Whilst dealing with matters of taxation and understanding the processes surrounding this will be squarely under the care of your accountant, there are many areas where their involvement can be invaluable. 1. TAX PLANNING From […]

TAX TIPS FOR THE 2021/2022 TAX YEAR

To help with tax planning for the 2021/22 tax year we have put together a list of tax-saving tips and reminders about what allowances are available both for business and individuals.   With the Chancellor looking to raid businesses to pay for the Covid-19 business support and furlough schemes there has never been a better time […]

REVERSE VAT CHARGE SCHEME CIS

architect drawing

THE CONSTRUCTION INDUSTRY SCHEME (CIS) VAT REVERSE CHARGE SCHEME The CIS VAT domestic reverse charge measure will apply to supplies of construction work from 1 March 2021. The measure was due to commence in October 2019 but has been delayed due to the pandemic. This new scheme has been brought in by HMRC to tackle […]

VIRTUAL CHRISTMAS PARTIES

robin sat on a fence post

Virtual Christmas parties will qualify for tax exemption.  Still plenty of time to hold that party now or in the new-year.  HMRC are allowing zoom parties with the same £150/person allowance.   You will not have to report anything to HM Revenue and Customs (HMRC) or pay tax and National Insurance for zoom Christmas parties or […]

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