Monthly Focus

MONTHLY FOCUS: MAXIMISING PRIVATE RESIDENCE RELIEF CLAIMS

Personal Tax

Private residence relief exists to ensure that you don’t suffer a capital gains tax charge when you sell your home. In circumstances where there is only one property which has been occupied throughout the period of ownership involved, the application of relief is relatively straightforward. However, matters can become complicated. In this Focus we look at how relief works where there are periods of absence or multiple properties.

31.03.2023

MONTHLY FOCUS: STARTING TO THINK ABOUT VAT

VAT

The VAT registration threshold has been frozen at £85,000 since 2017. As a result, more businesses are having to register. In this Focus, we look at the key considerations for a business that needs to register, or one that may be considering doing so on a voluntary basis.

28.02.2023

MONTHLY FOCUS: PROFIT EXTRACTION 2022/23

Business Tax, Personal Tax

The changes to dividend tax rates, as well as NI rates and thresholds in 2022/23 have left many small company owners struggling to apply the rules to ensure their profit extraction strategy is as efficient as possible. How can you ensure you aren't missing out?

31.01.2023

MONTHLY FOCUS: TAX CONSIDERATIONS FOR BUY-TO-LET PROPERTY

Business Tax, Personal Tax

Running a letting business is a very popular option. However, there have been a number of changes over the way that profits from property businesses are taxed in recent years. In this month's focus, we consider the tax considerations you need to keep in mind when buying property to let, and look at how the rental profits are calculated for tax purposes.

30.11.2022

MONTHLY FOCUS: THE KEY TAX CONSIDERATIONS FOR A NEW BUSINESS

Business Tax

In this monthly focus, we take a look at the tax matters that affect new unincorporated businesses in the first year, including dealing with HMRC, the choice of accounting basis, deductible expenses, and dealing with losses.

31.10.2022

SPECIAL FOCUS: MINI-BUDGET 2022

Business Tax, Personal Tax

On 23 September, the new Chancellor delivered a mini-Budget intended to kickstart growth. A number of tax-cutting measures were announced. How will these affect you?

30.09.2022