September 19, 2019
Our Taxperts recently completed a Research & Development (R&D) claim for an IT client based in London, resulting in a client saving of £210,000! Our client provides IT…
September 17, 2019
HMRC have published new company car advisory fuel rates, which take effect from 1 September 2019. The previous rates can also continue to be used for up to…
July 17, 2019
If you are a Solicitor or Estate Agent, you should be aware of the Non-resident Capital Gains tax (NRCGT) rules which may affect your clients. If you are…Read More...
July 3, 2019
From 6 April 2019, HMRC have extended their NRCGT rules, which previously applied to only residential property, to now include all property, including indirect disposal of property. To…Read More...
‘When renting out residential property, it’s important to retain a record of the original purchase date and cost, any expenses such as LBTT or SDLT and any legal fees.
Invoices covering any amounts you have spent enhancing the value of the property should also be kept, failure to do so could increase your capital gains tax liability in the event of a sale.’
“Are you a limited company ?
Have you been seeking to innovate a product or process in the past two years?
If you answered ‘yes’ to both of these questions, you could be eligible for valuable R&D tax credits.”
‘Tax is a significant cost for all businesses, whether it be PAYE, VAT, income tax or corporation tax, it requires management.
Up to date, accurate management accounts will allow for better management and forecasting of these amounts.’