End of year tax planning
Although the tax year-end is not until 5 April, between now and 5 April, you have the opportunity to save some tax with some careful planning. Here are our top tips on how to best utilise your allowances before the end of the tax year. Top up your pension pot The...Annual Investment Allowance (AIA) decreases from £1M to £200K from January 2022
The Government has announced that the current Annual Investment Allowance (AIA) of £1,000,000, which was due to revert down to £200,000 on 1 January 2021, will be extended for a further year to 1 January 2022.
Do you have development land? Things to consider before selling
If you are one of the lucky landowners, with either residential or commercial development possibilities, then you may be looking to sell. Although this can be a good idea, it’s important to be cautious. The number of farmers and landowners being approached by...Everything you need to know about paying tax on dividends
What are dividends? How much tax do you pay on them? Dividends are a tax-efficient way of extracting profit from a family business.
Deferring your second Self Assessment payment on account until January 2021
If you due to make your second Self Assessment payment on account for the 2019 to 2020 tax year on 31 July 2020, you have the option to delay the payment until the 31 January 2021.