We live in interesting times

Aug 11, 2016

The Bank of England’s Monetary Policy Committee voted on 4 August to reduce their base rate to 0.25%.

This is good news for individuals and businesses about to borrow money, as it should…

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Home based travel costs

Aug 10, 2016

Doctor Samadian works from home and has contracts with a number of private and NHS hospitals.

As he has a home-based office, from where he runs and administers his business, he has claimed…

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Good news for exporters

Aug 04, 2016

The UK’s 5 major high street banks have signed up to work with the new Department for International Trade to revolutionise the way businesses access international markets.

Barclays, HSBC,…

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Tax free Childcare

Aug 03, 2016

This new scheme will be rolled out to parents next year. The scheme will be made available gradually to families, with parents of the youngest children able to apply first. You’ll be able to apply…

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Tax Diary August/September 2016

Aug 02, 2016

1 August 2016 - Due date for Corporation Tax due for the year ended 31 October 2015.

19 August 2016 - PAYE and NIC deductions due for month ended 5 August 2016. (If you pay your tax electronically…

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A new broom

Aug 02, 2016

Philip Hammond has been appointed Chancellor of the Exchequer as George Osborne returns to the backbenches.

Mr Hammond has already confirmed that there will be no emergency budget, and he…

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Buy-to-let landlords action required

Aug 02, 2016

Buy-to-let landlords need to start considering their options, in particular, those who have borrowed heavily in order to build their property portfolio.

As we have mentioned previously in…

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Buy-to-let landlords expenses

Jul 28, 2016

When you work out your taxable rental profit you can deduct allowable expenses from your rental income. The expenses must be wholly and exclusively for the purposes of renting out the property. This…

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Do not forget to pay your tax

Jul 27, 2016

The 31st July is rapidly approaching. If you are registered for self-assessment, make sure you pay the second instalment for 2015-16, that falls due on this date, unless no payment is due.

If…

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