Blog
Child Benefit – watch the sting in the tail
If you or your partner get Child Benefit, keep the High Income Child Benefit charge (HICBC) in mind.
HMRC detective work means tax bill for eBay trader
Online sales: one of those areas where awareness of tax is often low.
What is Business Protection Assurance and do you need it?
Business Protection Assurance helps protect a business against possible financial losses when terminal or critical illness or death affects the owners or their employees.
Using pensions as an Inheritance Tax planning vehicle
Contributions to registered pension schemes for others offer significant potential benefits for IHT planning.
Tax-efficient children’s savings
Rather than buying yet more toys for your children or grandchildren, why not consider setting up a tax-efficient Junior ISA for them?
Tax consequences of withdrawing money early from your pension
Withdrawing money from your pension pot may seem like a quick cash-flow solution, however, there are complex tax rules to consider.
Maximising your pension contributions
Even now, given the current market volatility, pensions remain one of the most tax-efficient investments you can make.
Legitimate ways for high earners to reduce their tax bill
If you are a higher-rate taxpayer and have not carefully developed a tax planning strategy, then you run the risk of missing out on key tax allowances and paying more in taxes than you need.
Basis Period Reform Webinar 2023
In this Webinar the Ellacotts team discuss: Changes to basis periods for Income Tax purposes, who is affected by the changes, the transitional year and find out how you can prepare by planning ahead.
If you have any questions or would like to discuss the webinar in more detail, please contact us.
Biodiversity Net Gain
Biodiversity net gain (BNG) is a way to contribute to the recovery of nature while developing land. It is making sure the habitat for wildlife is in a better state than it was before development.
Companies House gets major new powers
The Economic Crime and Corporate Transparency Bill, currently going through parliament, impacts company directors, secretaries, and people with significant control.
Short-term property let: does HMRC need to know?
Many websites urge property owners to start earning from their home or spare room – but what they don’t always mention is that HMRC may want a piece of the action.
How can employees find their National Insurance number?
What if your new employee doesn’t have a National Insurance number yet and how can they find it if they’ve forgotten it?
Private Residence Relief – potentially costly traps for those with more than one home
Tom May considers the complications multiple properties and periods away can bring and the impact on Private Residential Relief.
Pre year end tax planning 2023 Webinar
Tuesday 28 February 2023 – 12.30 pm – 1.00 pm
The UK tax year ends on 5 April 2023, so March can provide a good opportunity to consider your finances and potentially save tax with careful end-of-year tax planning.
Can I claim Gift Aid by donating Christmas presents?
If you receive unwanted Christmas presents this year, can you save some tax by donating them to charity and claiming Gift Aid?
How can the Taxman oil your machinery purchase
Purchasing machinery is a huge financial commitment and when timed right can be extremely tax efficient. In years where there has been a good harvest, re-investing some of that profit into new plant and machinery before the end of the year is one of the best tools to reduce your tax liability.
Positives and pitfalls of PPR
Principal Private Residence Relief (PPR) is a relief that enables homeowners to sell their homes without having to pay capital gains tax (CGT). However, in order to claim the relief, the property must be the main residence of the person selling the property.
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