June 15, 2023

How to Find a Good Accountant in London

For many business owners, having a great accountant will reduce the level of stress they carry and save them money. Whether you are a small business, a sole trader, or a medium-sized enterprise, working with a good accountant or accounting service that helps you to get to your goals faster and more effectively should be on the top of your to-do list. But how do you find an accountant?
May 18, 2023

Best Practices for Keeping Accurate Financial Records in Small Businesses

The beauty of the free market is the voluntary exchange of goods and services for agreed-upon values, meaning that everyone wins. When you run a business, you are providing opportunities for employees, adding value to the marketplace with your products or services and stimulating the overall economy. You are the engine that powers the economic train we all enjoy.
May 4, 2023

The Benefits of Outsourcing Your Business Accounting

Business owners around the world are always doing a juggling act to keep their businesses running. They are managing the day-to-day needs of their businesses, hiring and training staff, planning for growth and expansion as well as the myriad of other tasks that are their responsibility as the owner.
April 6, 2023

What Tax Benefits Can I Get from Investing in Property?

“The wise young man or wage earner of today invests his money in real estate.”
March 30, 2023

Why Are We Charged Property Tax if We Own Our Houses?

The process of paying off your home can be long and arduous and in financially leaner times, be stressful. As you near that long-sought-after prize of homeownership, you may be wondering why you are still required to pay property taxes if you own your home outright.
March 16, 2023

What Tax Do You Pay on Inherited Property in the UK?

Inheriting a property after the death of a family member or loved one is always a trying time and hopefully, there is an estate agent available to help you with any questions you have. Nevertheless, there are legalities and administrative situations that must be addressed by the beneficiary of an inheritance. One of these is Inheritance Tax.
January 26, 2023

I Have Sold a Plot of Land. Can I Claim Anything Against My Income Tax?

The process of selling a plot of land can be long and challenging for many reasons. There are the extensive legal procedures that are required anytime you are selling a property. Looking for a buyer, even if you have a real estate agent, can be mentally and emotionally draining. On top of all that, anytime there are large sums of money at stake or to be moved around, your stress levels can go through the roof.
October 18, 2022

What Tax Do You Pay on Rental Income?

Letting a property is a fantastic way to add an additional stream of income to your household. Investment properties can create cash flow, add to your net worth, and help you build generational wealth that you can pass on to your future generations.
October 4, 2022

How to Lower Tax Liability from Property Sales

Need some direction on how to lower your tax liability from property sales this year? Check out this guide for 10 simple tips to help get tax relief in 2022.
September 26, 2022

How to Find an Accountant that Specialises in Real Estate

Everyone is looking for the perfect investment. No matter the state of the economy at any given time, the search for stable and consistently profitable investments leads people to real estate. Owning property has continued to be one of the smartest investment choices for any investor to make.
September 8, 2022

Sole Trader tax – what you need to know

If you decide to run your business as a sole trader, rather than a limited company, then your tax obligations differ in several ways. Understanding your tax obligations can be a tricky matter. Let’s take a look at what you need to know.
August 11, 2022

Do you have to pay taxes when you inherit a house in the UK?

Following our blog on Inheritance Tax in the UK, we decided to dig a little deeper on one of the more complicated aspects of it: inheriting property.
June 9, 2022

Income Allocation – how much of your income should you allocate where?

The most important element when it comes to financial planning for your business is your budget.
March 13, 2022

7 Truths about running florist business and how an accountant can help you

Spring is on the way! Along with the longer days we’re really enjoying seeing spring flowers starting to bloom. If the brighter weather and budding flowers are evoking the idea of fresh starts for you, you might find yourself day-dreaming about calling time on the 9-5 office life and opening a small local business. If we were doing that, one of the top ‘places to open’ on our list would be a cute neighbourhood florist. But as with all small businesses, there are lots of things to consider that may not be apparent at first fancy – here are some tips and truths about the quirks involved when you open a florist business.
December 8, 2021

Revenue expenditure – Property Repairs

How and when relief is available?
September 29, 2021

Reducing your IHT Liabilities

Most of us would prefer that our loved ones receive our wealth when we die, rather than the taxman. But with property becoming more expensive, more people than ever are becoming liable for inheritance tax.
November 13, 2019

Keep Details Of Your Director’s Loan Account, And Keep It In Credit

In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of directors loan account transactions is required, including dates.
August 30, 2019

CGT Private Residence Relief Changes

Draft legislation to be included in the next Finance Bill will make important changes to the calculation of Capital Gains Tax private residence relief. As announced in the Autumn 2018 Budget, there will be a reduction in the final period exemption to just 9 months and stricter conditions for letting relief to apply.
June 10, 2019

Extracting Profit From The Family Company

The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers national insurance contribution (NIC) liability which means that where the company has not used this allowance it may be set against the employers NIC on directors’ salaries.

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