Why will be it be necessary to do some tax planning moving forward. You may have seen in the press last week, there is not going be a “U” turn with the introduction of the new health social care levy. The UK government borrowed another £16.8 billion in December 2021 and the Covid 19 pandemic […]
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Business Tips, Capital Allowances, capital gains tax, Employee Benefits, VAT
Tax breaks for your garden office
26
Jan
Jan
Most restrictions in England will end tomorrow as Plan B comes to an end! Which side of the divide do you belong to? Is it time to get back to “normal” and for everyone to go back to the office? Or is it too early and we should all carry on working from home until […]
Business Tips, Employee Benefits, Myers Clark Updates, Payroll
How not to lose your staff to your competitors?
19
Jan
Jan
It seems that every week in the news we are hearing about staff shortages in the UK and when we speak to you about this many of you are confirming the same. So, how do you retain your staff. According to the BBC the shortage has been aggravated by the fact that 400,000 people have […]
blog page, Business Tips, HM Revenue & Customs, Myers Clark Updates
We are now at Plan B so what is your plan?
15
Dec
Dec
We are now into week one of Plan B even if at the time of writing this blog our MP’s are still debating measures amid Tory backlash. It seems that vaccines are still our best line of defence and so until the majority of adults have received their booster jab it would be reasonable to […]
26
Oct
Oct
In case you haven’t heard the UK is hosting COP26, the 26th United Nations climate change conference next week in Glasgow. Somehow although we are hearing about this huge event almost daily, for most of us it will still feel as if it is something that is happening out there with the politicians. But should […]
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 […]
09
Oct
Oct
Many people delay creating or updating their Wills. We are unsure why, but we mortals do not like discussing our own mortality. We encounter this situation often. But maybe now is the time to make a new will or review an old one. It’s really important that you review your Will regularly because certain personal circumstances […]
18
Sep
Sep
The revised Renters’ Rights Bill proposes the most significant change for landlords in years. The original proposal by the Conservative Government aimed to improve housing standards and implement reforms in the private sector was mentioned in this year’s King’s Speech. The bill has had its first reading in the House of Commons and is set […]
Landlords, Tax Advice, Tax Tips
Are you letting out a residential property through a limited company?
05
Apr
Apr
In recent years many landlords have preferred to set up a structure of a property limited company to ease the burden of tax. Of course, this can be a good choice. However, if you are letting out a residential property through a limited company you may have other tax obligations. As a property investor, you […]
03
Apr
Apr
In recent years, the allowances for Inheritance Tax (IHT) have remained stagnant. Consequently, an increasing number of individuals are now liable to pay this tax, which is commonly known as the “death tax”. To mitigate this tax, gifting for Inheritance Tax has become more prevalent. If you are not familiar with how IHT works, here’s […]