Read this article to find out when you need to report residential capital gains and pay the associated tax #60daylimit #cgt #residentialgains

Find out how to secure tax relief for bad debts by reading this article #baddebt #doubtfuldebt #cashbasis #accrualsbasis

From 1 April 2023, the rules are changing such that the rate of corporation tax that a company pays, and when, will be dependent on the level of its profits as well as the number of its associated companies.

Find out about the differences in the way traditional residential lets and holiday lets are taxed. #FHL #propertytax

Chancellor Hunt billed his Budget as a Budget for growth with emphasis on fixing problems in the labour market alongside improving business investment and innovation

For the former he has addressed barriers to staying in work experienced by high earners with large pension pots, and provided some help to parents who are looking for affordable childcare.

Under the investment heading he announced incentives for investment in 12 new investment zones, and a ‘fully expensed‘ system of obtaining tax relief for plant and machinery.

The chancellor also confirmed that the energy price guarantee for domestic consumers would remain in place for another three months keeping the annual bill for an average household at £2,500 for the year.

Approved mileage allowances can be paid tax free. This article explains the action you can take if they do not cover actual costs. #AMAP

Read this article to find out what you can do is a notice to strike off your company is published in the Gazette #involuntarystrikeoff

Read this article to find out whether a letting agent needs to charge VAT on costs passed on to landlords. #disbursements #recharges #VAT

Read this article to find out how to transfer assets between spouses for CGT purposes at neither a gain nor a loss #nogainnoloss

HMRC is introducing new penalties for VAT returns that are submitted late. These replace the old default surcharge system. The penalties apply to all returns, even if it is a nil return or a return that claims a repayment from HMRC. This new regime will affect all VAT periods starting on or after 1 January 2023.

Tax advice is an incredibly complex area that hasn’t been set out as a universally defined and priced service before. Like say, bookkeeping. If you need bookkeeping, your accountant will ask you several questions about your business and give you a price based on the requirements of delivery.

Tax advice shouldn’t be any different but currently it is. Well it was until now….

There are four different types of property business, and each are taxed differently. In this article we define each business type and explain what you need to know about their tax treatments. #propertytax #landlord

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Taxpayers now have 60 days rather than 30 to inform HMRC about chargeable gains on property. In this article learn what a chargeable gain is, when you should report it and how. #propertytax #sellingproperty

Read this article to find out how you can maximise your tax-free savings income #savingsallowance #savingsrate #taxfreesavings #isa

Read this article to find out how to set up an on-going direct debit to pay your PAYE #PAYE #recurringdirectdebit

Read this article to find out about paying your tax bill in instalments #timetopay #selfassessment

Read this article to discover the tax implications of operating your residential property let through a company #propertycompany

Find out how to take advantage of the transferable nil rate band and RNRB for IHT. #IHT #nilrateband #RNRB

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