0800 140 4644
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Are there any tax benefits of being married, with children?
It’s strange how some myths linger on despite the evidence stacked against them. The concept of the “common law” husband or wife is a myth people still believe in when planning their finances. Many people still think they can enjoy the tax advantages of being married – but without being married or in a civil…
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Could you be an exception to Making Tax Digital (‘MTD’)?
Making Tax Digital (‘MTD’) is an HMRC initiative attempting to transform the UK tax system, with more regular and detailed submissions of information and payments of tax to HMRC electronically.
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Construction changes to VAT *delayed*
In line with other similar changes in the tax system, HMRC have decided to delay the implementation of the VAT changes for the Construction industry by 12 months, after much pressure from the Federation of Master Builders (FMB), Federation of Small Businesses (FSB) and other business groups.
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4…3…2…1… MTD is here
The final MTD deadline is fast approaching for quarterly returns on 7th October 2019 (for quarters ending 31st August 2019), with the monthly VAT returns already been and gone on 7th June 2019.
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Two weeks to go until MTD#2
The second MTD deadline is fast approaching with only two weeks remaining until 7th September 2019 for quarterly returns (for quarters ending 31st July 2019), with the monthly VAT returns been and gone on 7th June 2019.
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Should you buy a car through your business?
While it may initially appear to be a good idea to purchase your new car (or other vehicle) through a limited company, I always advise my clients to take the time to understand the implications of purchasing a car this way. When you look into the details, a company owned car may not be as…
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The Making Tax Digital (‘MTD’) Fun Starts in Just Over A Week…
The first MTD deadline for quarterly returns is fast approaching on 7th August 2019 (for quarters ending 30th June 2019), with the monthly VAT returns already passed on 7th June 2019. As a reminder, you will need to be submitting your VAT returns through compliant software, such as Xero, Quick Books, Sage or a bridging…
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Are you ready for the VAT changes in the construction industry?
There are going to be some significant changes in how VAT will be charged in the construction industry. If you haven’t already done it, you should make sure you understand how these changes may apply to you. To help you, we’ve put together an overview of what you need to know about tax in the…
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What structure should my Property Business be?
Nearly £1 trillion worth of housing in the UK is held as second homes by individuals or businesses and people are increasingly putting money into second properties, especially with a relaxing in the Pension rules.
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R&D Tax Credits: could you wipe out your corporation tax?
Is your business eligible for Research and Development (R&D) tax credits? R&D tax credits were established to drive innovation and recognise UK businesses that invest in research and development of new products, processes or services (or enhancing existing ones) allowing them to invest in further R&D and growth.