Blog
Which home is the main residence?
Where a taxpayer or a married couple or civil partners have more than one residence they can choose which is their main residence for capital gains tax purposes. Read this article to find when a nomination must be made and when it can be varied.
Selling online – When do you need to tell HMRC?
If you have a ‘side hustle’ selling online, you may need to tell HMRC if you are trading or if you make a capital gain. Read this article to find out how the rules apply.
Splitting a company - Tax efficiently
Read this article to find out the ways that a company can be split.
Incidental overnight expenses – A little known tax break
Read this article to find out about tax breaks on incidental overnight expenses
Work clothes – Can they be claimed against tax?
Read this article to find out whether work clothes can be claimed against tax. So, what are the tax rules?
Full expensing for companies
Read this article to find out how companies can benefit from full expensing and the extension of the 50% FYA #fullexpensing #fya
Trivial benefits – Make use of the exemption
The trivial benefits exemption allows employers to provide low-cost benefits to employees without triggering a tax liability. Read this article to find out the conditions that must be met and the traps to avoid.
Tax implications of buying a customer list
Read this article to determine the tax implications should your business buy another firm's customer list. #customerlistimplications
Are you ready for the change? Self-employed – Basis period reform
Read this article to find out about tax calculation changes for many self-employed and partnership businesses.
Mileage allowances – What can you pay tax-free?
Read this article to find out what mileage payments can be paid tax-free #approvedmileagepayments #advisoryfuelrates
Capital allowances for cars
Read this article to find out what capital allowances are available for expenditure on business cars. #businesscars #capitalallowances #fya
Use the property allowance to make tax-free income from renting your drive
Read this article to find out how to benefit from the property allowance to earn tax-free income from renting your drive. #propertyallowance
Undertaking work on a rental property while empty – can you deduct the costs?
Can you claim tax relief for any work you do on your empty rental property? In this article we provide answers. #landlord #propertytax
Tax relief for bad debts
Find out how to secure tax relief for bad debts by reading this article #baddebt #doubtfuldebt #cashbasis #accrualsbasis
Is paying mileage allowances at the approved rate still a good idea?
Approved mileage allowances can be paid tax free. This article explains the action you can take if they do not cover actual costs. #AMAP
Transferring assets between spouses
Read this article to find out how to transfer assets between spouses for CGT purposes at neither a gain nor a loss #nogainnoloss
Tax-free savings income
Read this article to find out how you can maximise your tax-free savings income #savingsallowance #savingsrate #taxfreesavings #isa
Is a property company a tax-efficient option?
Read this article to discover the tax implications of operating your residential property let through a company #propertycompany
How to claim the IHT transferable nil rate band
Find out how to take advantage of the transferable nil rate band and RNRB for IHT. #IHT #nilrateband #RNRB
Should I change my accounting date?
There are some benefits and pitfalls to changing your accounting date. In light of MTD for income tax however, it might be time to consider it. Learn more about changing your accounting date in this article. #accounting #taxtips