Archive for March, 2013

Legitimate Income Shifting

March 20, 2013

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 […]

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Posted in Accountants in Balham, Accountants in Clapham, Accountants in Parsons Green, Accountants in Putney, Accountants in Wandsworth, Accountants in West Kensington, Accountants in Wimbledon, Auditors in Clapham | No Comments »

Essentials on the New Annual Investment Allowance

March 15, 2013

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 […]

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Posted in Accountants Barnes, Accountants Chelsea, Accountants Earls Court, Accountants Earlsfields, Accountants Hammersmith, Accountants Parsons Green, Accountants Southfields, Accountants Wandsworth | No Comments »

Good Bookkeeping will Make Your Accounts Preparation Easier

March 13, 2013

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 […]

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Delaying Capital Gains Tax

March 8, 2013

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 […]

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Posted in Tax Advisors in Battersea, Tax Advisors in Earls Court, Tax Advisors in Earlsfield, Tax Advisors in Fulham, Tax Advisors in Parsons Green, Tax Advisors in Roehampton, Tax Advisors in Southfields, Tax Advisors in Wimbledon | No Comments »

Boosting Your Pension Entitlement

March 6, 2013

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 […]

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Posted in Accountants in Battersea, Accountants in Earls Court, Accountants in Kensington, Accountants in Putney, Accountants in Shepherds Bush, Accountants in Wandsworth, Accountants in West Kensington, Accountants in Wimbledon | No Comments »

A Simpler Way to Claim Tax Relief for Gifts

March 1, 2013

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. […]

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