Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
Capital gains – beware of disposals to family members
Beware of disposals to family members – the ‘market value’ rule At first sight, the calculation of a capital gain or loss on the disposal of an asset is relatively straightforward – simply the difference between th...
Family companies – do you have the optimal salary for tax?
Family companies – optimal salary for 2019/20 Do you have the optimal salary for tax purposes? For personal and family companies it can be beneficial to extract some of your profits in the form of a salary. If you do not have 35 qualifying years in order to be eligibl...
Pass on your house free of inheritance tax
Pass on your house free of Inheritance Tax The introduction of the residence nil rate band (RNRB) opens up the possibility of leaving the family home to su...
Did you know you can claim tax relief for your start up costs?
Claim a tax deduction for pre-trading expenses Setting up a new business is exciting time, but can also be a very costly time. It requires a lot of investment in regards to your time and money before you can start to reap any of the rewards. So it is very important that yo...
Claiming Tax Relief for employee expenses
Don’t pay for expenses that your employer should be paying for – here’s how and when to claim a tax deduction. Tax Relief for employee expenses As an employee, you may spend your own money on things that are related to your job. Where this is the ...
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