Newsletters
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Avoid MTD non-compliance penalties
Making Tax Digital for VAT is now compulsory for all registered businesses, and you could get fixed or variable penalties for not complying with the regulations. What can you do to ensure that you tick all the relevant boxes?
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How does the residence nil rate band work following a property sale?
Your mother recently died having spent the last couple of years in care. Last year you sold her home to help pay the nursing home fees. When preparing the inheritance tax forms are you entitled to claim the residence nil rate band?
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Sharing your company with your unmarried partner
The advantages of sharing income from your company with your spouse or civil partner are well known. But, if you’re not legally joined, is there a tax-efficient way to share your income?
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When should you leave the FRS?
You’re currently using the flat rate scheme (FRS) and are trading below the exit threshold. But what changes to your trading structure could make it worthwhile to leave voluntarily and is there an optimum way to do this?
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What are the consequences of unlawful dividends?
Your company’s accounts for its last financial year have been prepared in draft. They show that you and your fellow director shareholders received more dividends than permitted by company law. This has tax consequences. What’s the most tax-efficient way to manage them?
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Relief for mortgages and other financing costs
The way tax relief is given for mortgage interest, and other financing costs, has changed in recent years. How is it calculated and why is it so important to keep track of it?