Accountants in West Kensington

Legitimate Income Shifting

Posted by on March 20, 2013 at 10:49 am

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 […]

Boosting Your Pension Entitlement

Posted by on March 6, 2013 at 10:01 am

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 […]

How to use Vouchers for Tax Savings

Posted by on March 30, 2012 at 12:24 pm

If you’re looking for a low admin benefit to be given to your employees, vouchers may be the answer. The range of goods and services you can provide this way is huge, making them more appealing to your employees.

Treatment for Depreciation of Fixed Assets When Preparing Year End Accounts

Posted by on December 16, 2011 at 5:44 pm

The provision for depreciation is an accounting and tax term used to describe the calculation of the physical decline of fixed assets of businesses. Most fixed assets such as plants, equipment, furniture and vehicles decline in value over time as they are used and as they age. Hence, one needs to take into account the […]

Tax Advice and Tax Planning when Selling your Business

Posted by on May 25, 2011 at 4:35 pm

Selling your business can be an extremely complex and a time consuming exercise, and can require the expertise of professionals such as consultants, accountants, and tax advisors. If you find you don’t really want to sell your business, you have the option of reorganizing your business on a tax-deferred basis. This is one of the […]

Rental Accounting in Practice; Appraising Properties based on Ratio Analysis

Posted by on April 6, 2011 at 7:48 am

When it comes to real estate, ratios show year to year or month to month projection of rental accounts analysis, and it enables them to realise if for example properties which are rented are valuable against the money they have invested in the property, are the money received from rental properties able to recover the […]

Self Assessment / Tax Return

Posted by on April 1, 2011 at 8:17 pm

Tax return or in other words self assessment is the buzz word during the month of Janaury as everybody is rushing to file their respective documents with HMRC to avoid any unnecessary penalties. For a first time user filing the tax return could be a complicated task. Getting it wrong leads to harsh consequences. The […]