TAX
The Rise in Tax Enquiries: Why a Tax Protection Service is Your Best Defence
The vast world of taxation is currently undergoing a significant shift. Recent data suggests there's an eye-watering deficit of £5.2 billion between what HMRC should...
Tackling Tax Enquiries: Why Protection Matters
Navigating the labyrinth of the tax world is no simple task. Add to this the possibility of HMRC tax enquiries, and the journey becomes even more intricate. But...
Navigating the Maze: What Happens in a Tax Investigation?
Tax investigations can be a daunting prospect for anyone, whether you're a business owner, freelancer, or an individual taxpayer. But understanding what happens in a...
Maximising Tax Savings: A Comprehensive Guide to Business Allowable Deductions
As a business owner, managing your finances and cutting costs is essential to your success. One of the best ways to save money is by taking advantage of various...
Mid Year Tax Reviews – Why should I care?
In the UK, many individuals and businesses may overlook the importance of a mid-year tax review. The lure of focusing instead on the year-end tax rush can be all too...
Are you fully Utilising your Dividends for Lowering your Tax Bill?
In tax world, we often look at whether people are fully utilising dividends to lower their tax bills. Funnily enough, in more cases than not, we find people aren't!...
Payroll Management and Checking You’re Using the Right Tax Code!
Payroll management can be a complex and time-consuming task for many businesses. Time and again, one of the stumbling blocks we see is when the correct tax codes...
The 3% Stamp Duty Land Tax Surcharge
Have you been wondering about the 3% surcharge when it comes to Stamp Duty Land Tax? You wouldn't be alone. It can be a tricky area to navigate at the best of times....
Double Tax Relief (Foreign tax credit relief)
If you are UK resident and are receiving income from another country, paying tax on this income overseas as well as in the UK, then you should be able to obtain...
Understanding Partial Exemption for VAT
A Guide for Businesses Making Both Exempt and Taxable Supplies What are exempt supplies? And, more to the point, what are its implications on a VAT registered...
Changes to Option To Tax (OTT) procedures
As of 1 February, HMRC has changed its procedure for notifying an option to tax (OTT) on properties. The two stages to making a valid option remain the same: The...
Do I need Personal Tax Advice?
When it comes to tax, the rules and regulations change all the time. So, it can be hard to know whether you are still compliant with the latest relevant laws and...