Cryptoassets, also known as cryptocurrencies, are cryptographically secured digital representations of value or contractual rights that can be transferred, stored or traded electronically. They are a relatively new type of asset that have become more prevalent in recent years. There are thousands of different types of Cryptoassets; Bitcoin, Ripple, Litecoin and Ethereum have all been […]
Read MoreChanges to Entrepreneurs’ Relief
For business owners, Entrepreneurs’ Relief (ER) is an attractive Tax relief which can be used on the disposal of a business. Owners of Limited companies, unincorporated businesses and even Trustees may be able to take advantage of ER. Any Capital Gain made on the disposal of a business may be taxed at a 10% rate of […]
Read MoreMaking Tax Digital: Get Ready – NOW
The first step in the Government’s goal to get all tax submissions digital begins in April 2019. They are, thankfully, starting with one avenue before tackling the rest – and that is VAT submissions. In this blog post I highlight what you need to know and how you can make sure you are ready. Who […]
Read MoreCriminal offences for companies and partnerships
It’s already a crime to evade tax, or deliberately help another person to do so, but the government has taken a firmer stance on corporate fraud. In this blog post, I’ll outline the new criminal offences and provide advice on how you can prevent the criminal facilitation of tax evasion. What’s changed? The Criminal Finances […]
Read MoreMaking Tax Digital – A new and more sensible way forward!
The government has announced a new timetable and revised plans for Making Tax Digital (MTD). This welcome announcement means that MTD is not going to be forced onto businesses in the immediate future. Read this blog post to find out why the plans have changed and what the new timetable is. As a professional, I […]
Read MoreTax-Free Childcare scheme
At the end of April 2017, the new Tax-Free Childcare scheme was launched by the Government. In this blog, I explain what the scheme is, who’s eligible and what this means for employers. What’s new? The government has started inviting parents to apply for Tax-Free Childcare beginning with parents of the youngest children and parents […]
Read MoreProperty Letting: The New Rules
In line with the recent tax changes to property lettings, we’ve posted a detailed review on our resources page. Here’s an at-a-view glance about what you need to know… Understanding the new rules The recent tax changes to property lettings apply to buy-to-let landlords in the UK and their residential properties. Interest relief The change […]
Read MoreTax scam targeting the elderly
There’s a worrying telephone tax scam doing the rounds at the moment, which is particularly targeting the elderly. HMRC has asked us to alert our customers and share what you should watch out for… How this particular tax scam works A fraudster leaves you a telephone message threatening you with a HMRC lawsuit. You’re asked […]
Read MoreNew changes for buy-to-let owners
Following the 2015 Summer Budget, there are some changes being brought into force for buy-to-let owners. Read on to find out how the new rules will affect you…
Heard the news? Income tax relief for landlords on residential property finance costs is to be restricted to the basic rate of income tax.
Read MoreThe New Dividend Tax Explained
It’s all change on dividend tax rules following the 2015 Summer Budget. Read on to find out how they could affect you…
In the 2015 Summer Budget, the Chancellor announced there are going to be fundamental changes to the way dividends are taxed.
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