Top tax tips: Claiming a pension from the company

One of the biggest tax breaks available to a limited company is the ability to make pension contributions. To qualify for tax relief, company pension contributions must be made for genuine employees of the business. Directors are classed as employees … Continue reading

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Forgotten costs when starting your own business

The cost of setting up a company can vary hugely depending on the nature of the business. For example, do you need an office or can you work from home? Can you manage it by yourself or do you need … Continue reading

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Claim £100′s of tax relief if you wear a uniform!

Do you have to wear a uniform to work? Did you have to purchase it and wash it? This can apply to a worker if they simply wear a shirt with a logo or full head to toe attire, such … Continue reading

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HMRC launches new specialist taskforces

New HMRC specialist taskforces have recently been launched to target individuals and businesses in London, Yorkshire, the Midlands and East Anglia with offshore accounts as well as those living lifestyles beyond their obvious means through assets from undeclared income. Taskforces … Continue reading

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Special Budget blog 2014: Seed Enterprise Investment Scheme

The Seed Enterprise Investment Scheme (SEIS) is designed to increase the level of investing in the early development of high growth potential businesses. The scheme is similar to the EIS but focuses on smaller, early stage companies carrying on a … Continue reading

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PPI refunds – Have you declared the interest received?

Individuals who have been successful in reclaiming miss-sold Payment Protection Insurance (PPI) may be unaware that any interest received as part of their settlement should be being declared on their self-assessment tax return. The HMRC have commented that; ‘The interest … Continue reading

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Selling your house – new potential capital gains issues!

Capital gains tax rules state that an individuals ‘sole or main residence’ is exempt from capital gains tax, if any personal residence e.g. a house, flat etc., was the individual’s ‘sole or main residence’ for only part of his or … Continue reading

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Special Budget blog 2014: Options at retirement

One of the most significant changes in the 2014 Budget were the changes to pensions held in defined contribution schemes. The proposed changes, which are expected to come into effect from April 2015, will give savers the choice of whether … Continue reading

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Basic PAYE tools – 2014/15 update

The latest version of this basic PAYE tools software for the 2014/15 version is expected to be released on 3 April 2014. The 2014/15 version will be provided as an update to the existing version rather than as a separate … Continue reading

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62 ways to pay less tax – No. 6 Make the losses work

The value of shares quoted on the stock market has risen recently. This may encourage you to sell some investments before the end of this tax year (5 April 2013) in order to use your annual capital gains exemption and … Continue reading

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