HMRC Credit Card Changes As of 31st January 2018 HMRC credit card changes come into effect. That means you can no longer use your credit card to pay for income tax, NI or VAT. However, debit cards and corporate credit…
Blog Archives
Commercial Debt Management – Using the Law Effectively
Commercial Debt Management Commercial Debt management on late payment or non-payment of commercial debts can be managed by using the law effectively. The late payment of commercial debts (interest) act 1998 can be used to compensate creditors for late payment…
Posted in Business finance, Business Planning Tagged with: business finance, commercial finance, debt management
Directors Loan Account – Effectively Dealing with Them
Directors Loan Accounts If you operate your business as a sole trader, Directors loan account isn’t something you need to worry about. If you are a limited company director and shareholder then a directors loan account can be a bit of…
Posted in Business finance
Flat rate VAT scheme changes April 2017 – What to do about it?
Flat rate VAT scheme changes background Flat rate VAT scheme changes came into effect on the 1st April 2017. HMRC have now completed their consultation phase. Below are what the changes may mean for you and the type of business…
Changes to dividend tax and contractors
Changes to Dividend tax Changes to Dividend tax came into effect on the 6th April 2016 and again on the 6th April 2018. The effect is those paying themselves dividends and a small salary are likely to have to pay more…
Posted in Tax advisory
Tax Refund Scams
Tax Refund “Notification” If you receive an e mail or text message “from HMRC” informing you about “a tax refund notification” ….or indeed anything else, it’s a scam pure and simple. DO NOT RESPOND! I have had a number of…
Posted in Tax advisory
Family Investment Company & Tax Planning
Family Investment Company & Tax Planning A family investment company and tax planning go hand in hand. Years ago trusts were a tax efficient way to deal with Inheritance tax. Changes in trust tax law means trusts may no longer be…
Posted in Tax advisory
Tenants in Common | Saving Tax | Tax Planning
Tenants in Common, Saving Tax and Tax Planning Being tenants in common with joint property ownership could save you tax. It will save tax if one partner has no income or is not fully using their 20% tax threshold. HMRC…
Posted in Cloud Accounting
Protecting Property – Title Theft
Protecting Property – Title Theft Protecting property title theft will become increasingly important over time. In the old days title deeds were confidential documents. You could only see them with permission from the owner. Now everything has gone online. You…
Brexit property sector impact
Impact on the Property Sector by Brexit Brexit property sector impact remains uncertain. However most indicators do suggest that property prices will fall. The extent of the fall in prices no one really knows. Before we look at the Brexit…
