by David Winfield | May 19, 2025 | Accounting News
You and your spouse own a second home which your daughter uses while at university. You’re planning to sell it after her course ends this summer. As its value has risen you’re expecting a hefty capital gains tax bill. How might you reduce it? Rising tax on gains As...
by David Winfield | Feb 18, 2025 | Accounting News
You’ve decided to start a new business. You’ve set up a company but need to find a premises and deal with other formalities before trading can begin. Is it worth you taking a salary from the company in the meantime? New business As you’re probably aware, in most...
by David Winfield | Jan 4, 2025 | Accounting News
It’s that time when the Christmas financial hangover hits and your self-assessment bill is on the way, so you might need a little extra from your company to get you through. What are the most tax-efficient options? As a company owner manager, if you’re looking for...
by David Winfield | Nov 22, 2024 | Accounting News
The Budget contained announcements regarding the rollout of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA). The corresponding HMRC guidance has now been updated. What’s the latest position? The current timetable for mandating into MTD ITSA is as follows:...
by David Winfield | Nov 18, 2024 | Accounting News
The Budget included headline-grabbing tax changes but others were buried in the fine print. What were they and how might they affect you? Headlines. Undoubtedly the biggest changes announced in the Autumn Budget were those affecting employers’ NI, pensions and...
by David Winfield | Nov 13, 2024 | Accounting News
Late payment interest rates on underpaid taxes will soon decrease again due to the recent reduction in the Bank of England’s base rate. What are the new charges? On 7 November 2024 an announcement confirmed a reduction in the Bank of England base rate to 4.75% from...
