HMRC Additional Powers to Collect More Tax HMRC have recently been given new powers to access taxpayer information. This relates to anyone who may have offshore bank accounts or assets. HMRC are now issuing what is called “nudge letter” to…
Blog Archives
CGT changes – impact on property investors
Capital Gains Tax changes impact on property investors In July 2020 the chancellor Rishi Sunak wrote to the office of tax simplification asking them to do a review on Capital Gains Tax (CGT). The consensus amongst property and tax experts…
Capital Gains Tax Rule Changes
Major change in capital gains tax rules for landlords On 6th April 2020 capital gains tax rules change and landlords will now have just 30 days to pay any capital gains tax due. Prior to 6th April 2020 if you…
Posted in hmrc, Tax advisory
Management accounts, are they a waste of time?
The Value of Management Accounts The value of Management accounts is often something that small business owners don’t understand and therefore don’t implement. Most small business owners are only interested in submitting their end of year accounts so that they…
Posted in Accountants, Tax advisory
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
Tax Return Accountant Service
Finance Equation Ltd tax return accountant service Self Assessment Tax Return Service. Get It Done In Time To Allow For Tax Planning & Help Us Save You Money. The following government website gives you an introduction and links to…
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
Tax Havens and Tax Transparency
Tax Havens and Tax Transparency Following from the Panama papers leak a number of EU countries and British crown dependencies (tax havens) have agreed to adopt a call for international tax transparency in an attempt to crackdown on tax evasion.…
