Due to the UK's ageing population, the National Insurance Fund is under increasing strain, with the state pension taking up more than 90% of its annual outlay in 2018. Are you paying the right amount of national insurance? Read the [...]
More than a quarter of tax returns in January 2018 were submitted less than 48 hours before the filing deadline. And of those, 30,348 were left literally to the last minute, between 11pm and 11:59pm! Read our guide here to [...]
Whether you're a buy-to-let landlord, a shareholder, an art dealer or you fall somewhere in between, the chances are you will be familiar with paying capital gains tax. How can you reduce your capital gains tax bill in 2018/19? Read [...]
Millions of married couples and civil partners in the UK are eligible for the marriage allowance, but almost half of the UK's eligible couples failed to claim it in 2016/17. The marriage allowance is designed for couples where one partner [...]
When furnished holiday property is let on a commercial basis for short periods, the owner can benefit from tax reliefs which wouldn’t otherwise be available to residential landlords. However, there are also associated disadvantages. Read our update to see the [...]
The IR35 rules were significantly amended from 6 April 2017 for contracts involving public sector bodies. HMRC is currently consulting on how to change the way IR35 is applied in the private sector. These changes are likely to take effect [...]
Nobody wants the taxman to take more than his fair share and planning your finances early on can ensure you adopt the most tax-efficient strategy for the months and years ahead. Read our update to see what reliefs and allowances [...]
If you are a landlord, do you know whether your accounts should be prepared under the cash basis or the accruals basis? Read our update to see the key differences between them.
It may feel like we’re living in increasingly uncertain times ever since the UK voted to leave the EU. That centred on most of the electorate’s desire to obtain more devolved powers from Brussels, but in reality devolution has been [...]
Incorporating charitable giving into your tax planning strategy can be a useful way to reduce both your income tax and inheritance tax. Read our guide on how to include charitable donations in your tax planning strategy.