by AccountingPreneur | Jan 18, 2022 | Business, Tax
Happy New Year! 2022 may have just started, but in financial terms, we’re almost at the end of the year. Whether you’re a sole trader or a partnership/ limited company, fully hands-on or happy to pass everything over to your accountant to deal with, it’s important to... 
by AccountingPreneur | Dec 8, 2021 | Letting Relief, Property, Tax
How and when relief is available? What counts as a ‘repair’? HMRC defines a ‘repair’ as ‘the restoration of an asset by replacing subsidiary parts of the whole asset’. They illustrate this with the example of the cost of replacing tiles blown off by a storm. However,... 
by AccountingPreneur | Sep 29, 2021 | Property, Tax, Uncategorised
Published 23rd September 2021 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. At AccountingPreneur we are... 
by AccountingPreneur | Jul 2, 2021 | Tax
June is of course peak marriage season. Being a June bride (or groom) reduces the chance that it will not rain on your big day, you can (usually) jet away for a sunny honeymoon and you can look forward to combining all your anniversaries with summer holidays. But any... 
by AccountingPreneur | Mar 3, 2021 | Tax
GET READY FOR THE “OFF-PAYROLL” WORKING RULES Where large or medium-sized organisations are paying workers via personal service companies (PSC) or agencies they will need to operate new procedures from 6 April 2021. The new rules will apply to partnerships, LLPs and... 
by AccountingPreneur | Feb 8, 2021 | Tax
There has been a lot of speculation on what will be in Rishi Sunak’s second Budget in early March and whether there is any tax planning that you should consider before then. The government will have to start paying down the massive £2 trillion of borrowings at some...