Many homeowners with large gardens consider selling part of their garden to property developers or building a house themselves, it can be a great way of extracting tax-free cash from your home.
Principle Private Residence Relief (PPR) usually exempts most owner occupiers from a charge … Read article
R & D tax relief allows SME companies to either:
… Read article
- Deduct an extra 130% of their qualifying R & D costs from their profit, which is in addition to the normal 100% deduction
- Claim a tax credit if the company is loss
Many high earners (who earn over ?50k), who have more than one source of income which are subject to NI have been overpaying.
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In the current tax year the NI rates and thresholds are as follows:
? Class 1 (paid by employees) – 12% on
The VAT domestic reverse charge for building and construction services comes into effect from 1 October 2019. The reverse charge represents part of a government clamp-down on VAT fraud.
A domestic reverse charge means that a contractor receiving a supply of specified construction services must … Read article
HMRC have introduced a new tax relief for commercial properties, whereby relief will be given at a rate of 2% per annum for expenditure on the construction of commercial property that does not qualify for capital allowances as either plant, machinery or integral features … Read article
CGT changes for property owners from April 2020?
HMRC have introduced two changes to private residence relief from April 2020, both of which may result in additional capital gains tax for property owners if they sell a residential property for a gain.
On disposal … Read article
Get the best out of your employees with an EMI Scheme.
EMI schemes are a great way of increasing employee motivation and longevity.
Enterprise Management Incentive (EMI) schemes are tax approved schemes for employees and are available to most trading companies. They allow an employer … Read article
Due to our ongoing expansion program we are looking for qualified ACA, ACCA or qualified by experience accountants to join our team. Contact us and we will tell you how joining our practice would be the best move for you.