Construction Industry Scheme – CIS Guide to HMRC Rebates
The construction industry is very human-intensive as it requires a lot of labour to work for. That is why a contractor can either employ those people who were working for…
Year-end Tax Planning and Inheritance Tax
Year-End Tax Planning and Inheritance Tax: What you should know?
You are entitled to give away an Inheritance Tax-free gift of £3000 annually. Such gifts are dubbed by HMRC as ‘exempted gifts’. If you have not used annual exemption in…
Tax Planning for Landlords
Tax Planning for Landlords: Trading and Property Allowances
The threshold for tax-free allowance for trading and miscellaneous income currently stands at £1,000; the same is the threshold for tax-free allowance on income from the property. Tax planning for landlords…
Year-End Tax Planning - Savings & Dividends
Year-End Tax Planning – Savings & Dividends
Basic rate taxpayers are entitled to a personal savings allowance of as much as £1,000 of tax-free allowance. For higher rate taxpayers, the same stands at £500. For those paying…
Year-End Tax Planning & Tax-efficient investments
Year-End Tax Planning & Tax-efficient investments
In this article, you will learn the relationship between Year-End Tax Planning & Tax-efficient investments. There are various reliefs available on various individual investment entitlements. When used correctly, these reliefs…
Year-End Tax Planning & ISAs
Year-End Tax Planning & ISAs: What you need to review before the 6th of April 2021
With the new tax year a few days away now is the perfect time for you to review data of your personal tax and businesses to ensure that you have…