You may have noticed that last Friday was Valentine’s Day. The name “Valentine’s Day” is thought to come from a Roman priest in the third century AD who performed secret marriages. Marriage can evoke a range of beliefs: some people genuinely value the institution, others are indifferent, and some do not believe in it at […]
Category Archives: Personal Tax
05
Feb
Feb
Whether you are an existing landlord or considering becoming one, funding and mortgages will likely be on your mind. Many of you may have already begun your journey as landlords by re-mortgaging a property you owned. It seems straightforward, if you have equity in a property, why not re-mortgage to release some funds? However, it’s […]
29
Jan
Jan
Stamp Duty Land Tax (SDLT) is the full name of the tax on property and land. This tax will change starting from 1st April 2025, as announced during the Autumn Budget. In fact, some of the changes have already taken place. So, what is Stamp Duty? How is it changing? What is Stamp Duty (SDLT) […]
HM Revenue & Customs, Personal Tax, self employed, Tax Advice, Tax Planning, Tax Tips
Year-end tax planning
15
Jan
Jan
The end of the tax year is fast approaching, making it an ideal time to remind everyone about important steps for year-end tax planning. Before we proceed, let’s take a moment to review the changes that will be happening in the next couple of years. During the last Budget, a few changes were announced that […]
Employee Benefits, HM Revenue & Customs, P11d, Personal Tax, Tax Advice
Benefits your employees actually want
03
Dec
Dec
Good employers have been offering workplace benefits for a long time. There are many reasons for doing so, with one of the main ones being that a strong employee benefits package attracts the right talent. However, how can you determine which benefits your employees actually want? You might not have considered how providing benefits to […]
13
Nov
Nov
The dust has settled on the Budget, but it has raised many questions. If you’ve been following the news, you may have noticed some significant changes to the Inheritance Tax (IHT) regime. Not too long ago, we discussed the possibility of abolishing IHT altogether under the previous government. However, the current situation is quite different—it’s […]
Business Tips, capital gains tax, HM Revenue & Customs, Personal Tax, Tax Tips
Further details of the Budget
31
Oct
Oct
Yesterday, we received the first Labour Budget in fourteen years, which was significant! It included substantial tax increases. There is a lot to consider, so we can begin by examining the details of the Budget. However, before we jump to the nitty gritty, here’s a summary of how the Budget affects you depending on who […]
25
Sep
Sep
This week is Labour Party conference week. Rachel Reeves made her debut speech on Monday as the Chancellor of the Exchequer. She said there was no return to austerity but instead a time for “iron discipline” and “relentless focus.” With this in mind, we explore what’s expected in the budget. When is the Budget? The […]
HM Revenue & Customs, Myers Clark Updates, Personal Tax, self employed
Don’t forget to use Time to Pay service with HMRC
17
Jul
Jul
Benjamin Franklin once said, “In this world, nothing can be said to be certain, except death and taxes.” If you are in business, a landlord, or paying tax under self-assessment, you understand the importance of paying your tax on time. But what if you can’t afford to pay your taxes when they are due? Remember […]
14
May
May
When selling your home, there are plenty of things to consider and take care of, but tax does not usually fall under that umbrella. The good news is that you typically don’t have to pay tax on the sale of your home or primary residence which is its official name. Capital Gains Tax (CGT) is […]