News and events
News
Tax relief on finance costs for residential lets
It may come as no surprise to learn that HM Revenue & Customs (HMRC) have started writing to those taxpayers who may have incorrectly completed the property pages on their tax return specifically in relation to the amount of tax relief that can be obtained on residential property finance costs.
The UK subsidiary audit exemption for EEA Parents
Are you impacted by the recent Brexit changes to the parent company guarantee audit exemption?
For period’s commencing on or after 1 January 2021, UK subsidiaries of a parent company registered in the European Economic Area (‘EEA’), will no longer be able to take advantage of the parent company guarantee to exempt the UK subsidiary from an audit.
MTD (Making Tax Digital)
Further changes are coming…..
Extracting Profits from Companies
The well-known routes to take money out of your limited company are by way of salary and dividends.
Time for some business housekeeping?
Winter evenings or perhaps hours spent on a tractor can give time for thoughts and discussions regarding business structure and succession planning. The team at Ellacotts collectively have decades of experience in handling transitions in business management and land ownership with our farming and landowning clients.
Furnished holiday lets
In the current economic crisis, if you are thinking about how you can improve your household income, you may wish to consider a furnished holiday let (FHL).
Education costs and how grandparents could help
With the start of the new school year fast approaching, and for those who have chosen a private education for their children, the significant costs involved can be a great expense for many people.
State Pension Underpayments
Tens of thousands of women are likely to have been underpaid the state pension, and many could be due £1,000s
The 2021 Harvest
After some concerning conditions in March and April 2021, better weather in May turned around the outlook for 2021, and now with wheat being harvested in between rain showers we are starting to see the results.
Pensions auto-enrolment: business as usual
Pandemic or no pandemic, employer obligations remain. With the auto-enrolment (AE) compliance cycle still fairly new, what should you be doing now?
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