You may be able to reduce your annual tax bill by reviewing your business’s structure, as there are often significant tax savings to be made. During the early years of a business, it may be preferable to operate as a sole trader or in a partnership. However, as your...
Married and divorcing couples, including civil partners, should be alert to change to the capital gains tax (CGT) rules on private residence relief Divorcing Couples Tax is never at the top of the agenda when a relationship ends, yet the tax consequences can be...
Data published recently by the Office for National Statistics (ONS) revealed that the amount UK companies spent on Research and Development (R&D) totalled £25 billion in 2018. With this in mind, we explore how you can make the most of any R&D tax reliefs...
NHS pensions made news last year, with consultants and GPs blaming large tax bills, linked to pension statements, for making some work ‘uneconomic’. Why should high-earning power, coupled with pension provision, spell trouble – even for top-earners outside the NHS? We...
The government is set to introduce its so-called ‘Plastic Packaging Tax’ in 2022. Here, we take a look at the new tax and consider how it could affect certain businesses. Outlining the tax The government wishes to encourage the ‘responsible use of plastic’ amongst UK...
Don’t leave it until the last minute, especially in 2020. With only two months left until the 31 January deadline for online returns, self-assessment is very much on our minds. There’s a first flurry of activity around the deadline for paper filing at the end of...
