More recent posts
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Tax crackdown announced on second homes
Owners of second homes incorrectly claiming their properties are holiday lets to qualify for tax breaks will be forced to pay council tax rather than business rates under…
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Taking advantage of capital allowances
Looking to invest in your business in 2022? Considerable tax savings can be obtained for commercial property expenditure by maximising capital allowances claims. Can I claim? All companies…
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Have you declared COVID-19 grants on your tax return?
It is important to remember that COVID-19 support grants or payments are taxable and should be declared on your company tax returns. The deadline for filing company tax…
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The Making Tax Digital scope is expanding
From April 2022, all VAT-registered businesses, including those with a turnover below the VAT threshold, will be required to keep VAT records digitally and send returns using Making…
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Notable 2022/23 tax changes for business owners
A new tax year approaches and with it new tax changes for employers to be aware of. We summarise the most important changes that take effect from April…
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Establishing a family investment company
A family investment company could offer a viable solution for family business owners to save on Income Tax and Inheritance Tax. What is a family investment company? A…
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Do you qualify for Land Remediation Relief?
Land Remediation Relief (LRR) can provide tax relief in all commercial property sectors where companies are subject to corporation tax. Unlike capital allowances, LRR is available to property…
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HMRC’s growing attention towards cryptocurrency
The rise in prominence of cryptocurrency has seen HMRC issuing speculative letters to taxpayers, warning them of potential Capital Gains Tax (CGT) implications. The letters from the treasury…
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Inaugural TAM Day sets out tax details
The UK government has marked the inaugural Tax Administration and Maintenance (TAM) Day with the release of 30 papers covering a wide range of tax issues. Chancellor Rishi…