Do you operate through your own company? If so, then you may be able to benefit from the £2000 dividend allowance meaning that even if you do not normally take dividends, you should take £2000 annually which will be tax free. You only get one allowance to cover all your dividends so if you receive …
Every week we take a look at what is trending in the accountancy and tax press and share items that we think will interest you. However, these are only outlines and where they relate to tax planning should not be acted upon without looking into them more completely as everyone’s circumstances are particular to them. …
I did have another article half written for this week but then a letter arrived on Saturday, and I thought I just had to share my good fortune. Apparently, it was a draw that should have taken place much earlier in the year but, you know how things have been, and so it was delayed. …
We have a chancellor who needs money. So watch out for cuts in reliefs for Inheritance Tax, Income Tax and Capital Gains Tax. Many allowances have already been frozen so the next step will be to reduce or remove reliefs currently available. What could he attack? For IHT, BPR and APR are always hot favourites. …
Every week we take a look at what is trending in the accountancy and tax press and share items that we think will interest you. However, these are only outlines and where they relate to tax planning should not be acted upon without looking into them more completely as everyone’s circumstances are particular to them. …
Did you think that accountants did not get excited over anything unless it had something to do with tax? Well, you are wrong. But I must admit that what I am getting excited about is not something that most “normal” people would consider exciting. Helen and I have been in our present house for 27 …
From April 2022 a new penalty regime will be introduced for VAT returns submitted late. For each late return, you will accrue a penalty point and once you have accrued 3 penalty points, every subsequent late return will result in a late filing penalty. A similar regime will be introduced for MTD for the self-employed …
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