If you have build up the value of the company over the years, the shares you own in it are now worth a significant amount. Is there any possibility to use this capital to obtain some extra tax relief?

HMRC is taking steps to crack down on those who are late with VAT returns or payments. If you’re struggling with a return or to pay your VAT, what steps should you take in order to avoid any unnecessary trouble from HMRC?

Losing your job is a financial disaster for anyone. If it has happened to you or your spouse, how can you use the tax system to soften the blow? If your partner loses their job, they may also lose the benefit of their tax-free personal allowance, which currently stands at £8,105. But there are ways […]

The new rules on the annual investment allowance apply differently to different businesses. The Chancellor’s announcement that the AIA, which allows a 100% tax deduction for expenditure on equipment for the accounting period of purchase, was to be raised to £250,000 from 01 January 2013. But the transition from the previous £25,000 limit always looked […]

Good bookkeeping makes your paperwork comprehensive and will make it easier for your accountants to do VAT and tax returns. Bookkeeping records gives you an idea as to exactly what is going on in the business. Whether you use a manual or computer based system for bookkeeping the same principles apply. A traditional paper-based system […]

If you have already used the 2012/13 annual exemption for capital gains tax but thinking of selling some more assets of yours, what are the options available to you? If you need to sell an asset to boost your cash flow, you may not like to share the proceeds with HMRC. Here’s a simple but […]

There are situations where planning a tax and NI is an efficient way and becomes important to draw income from your pension. However, you need to think long term before doing this. If your business can justify the fact that paying a low salary to your spouse, is it worthwhile doing this, given the extra […]

There’s a belief that a company can gain tax relief on charitable donations by establishing a payroll giving scheme. Payroll giving is an alternative to Gift Aid or other charitable payments. It’s open to workers whose employers have signed up to a scheme with one of the agencies. It can be cost free to employers. […]