Call Us
Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
Extracting income from a family company with no retained profits
Extracting income from a family company with no retained profits The Covid-19 pandemic has had an adverse effect on millions of family companies, potentially reducing or eliminating profits. Where there is cash in the business that can be withdrawn, possibly because the bu...
Making tax-free payments to employees working from home
Making tax-free payments to employees working from home As a result of the Coronavirus (COVID-19) pandemic, many workers have been forced into working from home. While working from home saves the costs of commuting to the workplace and perhaps allows workers to adopt a mor...
Reporting low emission cars – Changes from April 2020
Reporting low emission cars – Changes from April 2020 From 6 April 2020, new appropriate percentage bands – and new lower charges for low emission cars – will ...
Giving money to charity to save inheritance tax
Giving money to charity to save inheritance tax One way to reduce the amount that the taxman takes from an estate in inheritance tax is to make a donation to charity. This is can be particularly tax effective. The donation is taken off your estate before inheritance tax is...
The Budget 2020 Our summary focuses on the tax measures which may affect you, your family and your business. To help you decipher what was said we have included our own comments. If you have any questions, please do not hesitate to ...
Changing a will after death As long as certain conditions are met, it is possible to change a will after death. This is known as a post-death variation, and it can be a useful tax planning tool. A post-death variation can be made to: ...
Annual investment allowance or writing down allowance?
Annual investment allowance or writing down allowance? The way in which relief for capital expenditure is given depends on the way in which the accounts are prepared. For companies, sole traders and partnerships not eligible to use the cash basis, accounts must be prepar...
What to do if you need to change your tax return
What to do if you need to change your tax return You made it and filed your self-assessment tax return for 2018/19 by the 31 January 2020. However, having felt pleased with yourself, you realise to your horror that you have made a mistake and need to correct your return. ...
Making the most of pension tax allowances
Making the most of pension tax allowances There are many ways in which you can make the most of your pension tax allowances. Pension savings can be tax efficient, as contributions to registered pension schemes attract tax relief up to certain limits. Limit ...
Make use of the capital gains tax inter-spouse exemption
Make use of the capital gains tax inter-spouse exemption There are a number of tax concessions available to married couples and civil partners which recognise that their financial affairs may be interlinked. One of these concessions relates to the transfer of assets betwee...
Latest News Items
Categories
At Arthur Boyd and Company we pride ourselves on providing a hands on and personal approach, specifically tailored to your individual needs. To find out how we can help, contact us today for a free initial consultation.
