News and events
News
Life after Love Island. What happens when the cameras stop rolling?
After becoming famous, many will start working as a freelancer with multiple sources of income through advertisements, so what does this mean for their tax position?
How secure is Xero cloud accounting software?
Harry Hale takes a look at the most common questions that people ask when looking to switch to cloud accounting software such as Xero.
The Residence Nil Rate Band; if you qualify, it could save you £140,000 in Inheritance Tax
Many people are unaware of the Residence Nil Rate Band which gives an additional threshold of £175,000 per individual, potentially saving you thousands in IHT.
Do you own property that is being, or has been, used in your business? Don’t get caught out!
How property used in a business is held, can have a significant impact on your tax position.
Possible changes to Capital Gains Tax Private Residence Relief
The government is currently consulting on important changes to Private Residence Relief that are likely to be introduced from 6 April 2020.
“Rent a room” relief to continue for Airbnb landlords
The scheme currently exempts from tax gross rents up to £7,500 where rooms within the taxpayers’ main residence are rented out.
Tax planning to minimise the High Income Child Benefit Charge
The charge applies if you have adjusted net income over £50,000. We take a look at how you can you use tax planning to minimise paying the charge.
How to extract profit from the family business
The start of the new tax year means that shareholders and directors may want to review the salary and dividend mix for 2019/20 to ensure that you are in the best possible tax position.
Are you aware of the increased tax on termination payments from April 2020?
From 6 April 2018, new rules came into effect which means that all Payments in Lieu of Notice (PILON) would be subject to both employee and employer NIC in full as well as Income Tax.
Where do you stand within the IR35 gameshow? Win, draw or lose?
Designed to ensure fairness but even HMRC are struggling to apply the rules resulting in IR35 becoming a bit of celebrity at the moment.
News