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Tax Tip

Let us deal with HMRC while you concentrate on other things.

If you receive dividend income of more than £5,000 are liable to income tax on the excess. You must include that information on your self-assessment tax return.

If you have not submitted a tax return in previous years, you must now register with HMRC and submit a return. The registration process involves a couple of steps, and is likely to take […]

Tax Changes – affecting buy-to-let residential properties

Begin with the end in mind

It is always essential to keep a clear head and remain focussed on your goals before considering any new challenge or possible opportunity. Property market conditions, tax and legal changes, should all be assessed in relation to their impact on your priorities.

For example, if your priority is long-term capital accumulation, focus on which market development […]

ad+ seminar: Get your business ready for new HMRC requirements

REGISTER NOW to learn what your business must change in order to comply with new the HMRC Making Tax Digital requirements.

Every quarter, your business will be required to provide an on-line update to HMRC of the amount of ‘taxable profit’ produced. That requires a lot of extra work by your staff and your accountant.

Will your bookkeeping staff cope with that […]

Small businesses need to prepare for increased VAT bills as of 1st April

The VAT Flat Rate Scheme is welcomed by many small business owners because it simplifies the record keeping and calculation requirements associated with their quarterly VAT bill.

Although the VAT Flat Rate Scheme will continue, as of 1st April, HMRC is introducing a new system which will increase the amount of VAT payable by many businesses using that scheme.

HMRC defines a […]

What income tax allowances are you entitled to when you rent out residential property?

If you receive rental income from residential property you are required to pay income tax on the profit you make.

Your profit is added to your other income to determine how much income tax you pay.

In order to arrive at your taxable profit, you are allowed to deduct qualifying revenue expenses (day-to-day running costs) and tax allowances. Recent change in one […]

You May Not Believe It, But You DO Have Options to Minimise Your Tax

It is one of life’s certainties, but tax doesn’t have to get the better of you. Simply taking some time to understand which investment opportunities are the most tax‐efficient can go a long way towards minimising the amount of tax you have to pay.

The important part, beyond deciding what to invest in, is to think about how you’re going to […]

Maximising your tax position in the run-up to the financial year end

Paying tax is, infamously, one of the two certainties in life. With the UK tax system growing ever more complex, and the onus for paying the right tax being placed squarely on the individual, it’s never been more important to get the best possible professional advice on your tax position. With the right advice, you’re ready for the end of […]

Essential tax and wealth strategies

Tax is a highly sensitive subject for most individuals. In this guide, we consider a number of tax planning and wealth strategies.

ad+ can show you how to improve your financial position and structure your affairs so that you don’t have to pay more tax than you legally have to.

The tax clock is ticking – is it time to […]

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