New residence-based regime for foreign income and gains
The remittance basis of tax is an optional tax treatment that allows individuals who are resident but not domiciled in the UK to pay tax …
Claiming refunds of overpaid PAYE
If it works correctly, the tax that is collected under PAYE will exactly match the tax that is due for the year. However, in practice, …
Workplace nursery partnership schemes
No tax charge arises in respect of the provision of a nursery place for an employee’s child at a workplace nursery provided that the associated …
VAT on school fees
As outlined before the election, the new Government are to go ahead with their proposal to impose VAT on school fees. Legislation was published in …
Using form R40 to claim a tax refund
If you are entitled to a refund of tax deducted from savings and investment income, you can claim the refund using form R40 if you …
Accountancy Services for Small Businesses
Running a small business is a rewarding journey, but it comes with its fair share of challenges—especially when it comes to managing finances. Accountancy services …
How to Find an Accountant for Small Business
Finding the right accountant is a crucial step for any small business. An accountant not only helps manage finances but also provides strategic advice that …
Limited Company Accounts: Simplified Guide
Navigating the world of limited company accounts can feel overwhelming, especially if you’re a first-time business owner. However, understanding the essentials is crucial for maintaining …
Business Tax Return: Top Tips for Filing
Filing your business tax return might seem like a daunting task, but with the right approach and a few insider tips, you can navigate the …
Beware of the lifetime limit when claiming BADR on the sale of the FHL
Landlords with furnished holiday lettings (FHLs) are living in uncertain times. At the time of the 2024 Spring Budget, it was announced that the favourable …
Claiming a deduction for the expenses of a property business
Expenses will be incurred in running a property business. To ensure that tax is not paid unnecessarily, it is important that all allowable expenses are …
A repair or an improvement and why it matters
As a landlord, periodically you will need to undertake work on your property. This may simply involve fixing a leaky tap or redecorating, or the …
