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 […]

Suits you sir! Retirement planning for over 50s

Over-50s changing the way they work in later life
If you are approaching your 50s, you may be considering your retirement options. Perhaps you want to work flexible hours and work when it suits you. You might want to be ‘your own boss’ and set up a business or become self-employed. Or you may want to know what your options are for […]

Guide to Creating a Diverse Investment Portfolio

Welcome to our Guide to Creating a Diverse Investment Portfolio. ‘Don’t put all your eggs in the same basket’ is probably the best-known proverb advising investors about the importance of portfolio diversification to spread and reduce risk.

The major advantage of portfolio diversification is its ability to protect your entire portfolio from the volatility associated to various asset classes. In this […]

Selling your business

Plan ahead for entrepreneurs’ relief
Entrepreneurs’ relief can be very valuable, potentially reducing the capital gains tax when selling a business from a rate of 28% to 10%. However, the relief is only available as long as the qualifying conditions are met. Because the conditions generally need to be met for 12 months prior to the disposal or the cessation of […]

How should you allocate your assets?

Asset allocation aims to balance the risks of any investment with its potential returns. We do this based on your financial goals, your risk profile and the term over which you’re looking to invest. To find out more about how we can help you to determine the asset allocation model that best suits you and your objectives, please contact us.

Investment […]

Integrated Advice to Preserve Your Wealth

Wealth Preservation is a complex area and requires professional financial advice. The structures into which you transfer your assets can have lasting consequences for you and your family. We can help you choose structures and trusts designed to protect your assets and give your family lasting benefits.

Although we have tried to simplify the principles in this guide by looking at […]

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Being a small family run building company working on multiple construction projects at any one time we were looking to upgrade and adopt a user-friendly accounting software system, preferably combined with Payroll processing. On the recommendation of our accountants, ad+, we were introduced to Xero. Despite the daunting idea of change, thankfully we have never looked back!
Lindsay RichardsBook-keeper/Payroll AdministratorLawrie Construction

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