We are very excited to announce that we are moving offices! It all started with a client meeting… Around four years ago, we met with a new client at their offices. We were immediately impressed – the office was a fantastic space; a modern and beautiful barn conversion. Wide open spaces, gardens, and plenty of … Continue reading We’re on the move!
by Steve Wiltshire Starting your own business can be an exciting – but daunting – time. One of the first and most important decisions to make is how are you going to structure your business? The reason this decision is so important is that it has a variety of consequences – not only related to … Continue reading Getting your structure right
Have you come across Research and Development relief (R&D) before? If you own or run a company, this relief could be hugely advantageous to you. HMRC are really keen right now to help companies in developing new and exciting products; these range from anything to developing mobile phone apps to creating a new part for … Continue reading Research and Development – it’s not all lab coats and test tubes
By Mel Hackney When you sell your home, if it is the only property you own, it is unlikely you will pay any capital gains tax. This is because a relief called Private Residence Relief (PRR) is applied. If you own a second property and that property is rented out, a relief known as ‘letting … Continue reading Second property? Be aware of the change to Letting Relief
By Mel Hackney When you calculate the tax you owe through self-assessment, HMRC ask you to make ‘Payments on Account’ (‘POAs’) towards your liability for the following tax year. By default, these are set at the same level as the previous tax year’s liability. The first of these payments is due on 31 January in … Continue reading Save cash by filing your tax return early
We're hiring! Do you know someone ambitious at an early stage in their accountancy career, who'd like to join a small friendly team in a relaxed environment? Tell us, we’d love to talk to them!
By Mel Hackney Many people have come across childcare vouchers in their employment – essentially, this is where an employer can ‘award’ vouchers which are paid tax and NIC free. However, HMRC have been intending on abolishing this scheme for some time, recognising the lack of equality between employed and self-employed individuals in this area, … Continue reading Tax Free Childcare – don’t miss out!
By Mel Hackney There have been some pretty significant changes to capital allowances recently, and it’s important to consider these when making investment decisions. A capital allowance is a deduction from trading profits which is allowable for tax, therefore reducing yours or your company’s tax liability. Firstly, from October 2018, capital allowances for structure and … Continue reading Hey Big Spender!
By Mel Hackney With the tax year end fast approaching, it’s time to ensure that your tax adviser is working with you to mitigate your liability as far as possible. There are some very simple tax planning opportunities which can be quickly and easily implemented to make savings. Firstly, have you and your spouse/civil partner … Continue reading Happy New (Tax) Year!
by Steve Wiltshire Starting your own business can be an exciting – but daunting – time. One of the first and most important decisions to make is how are you going to structure your business? The reason this decision is so important is that it has a variety of consequences – not only related to … Continue reading Getting your structure right
