Legislation will be introduced in Finance Bill 2013 to increase the maximum amount of the annual investment allowance (AIA) from £25,000 to £250,000 for a temporary period of two years from 1 January 2013. This means that you will get…
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Year end tax planning tip
March 27, 2013Make sure you use your capital gains tax-free annual allowance of £10,600 and consider transferring assets between spouses (or civil partners) to fully utilise annual exemptions.
Pre year end tax planning tip
March 26, 2013Making contributions to employee personal pensions before the end of the tax year is often a very tax effective remuneration policy as there is no national insurance or tax on this and the company gets corporation tax relief on the contributions made. The…
Year end tax planning tip
March 25, 2013With the tax year end fast approaching you may want to consider VCT or EIS investments to reduce your income tax bill. These are often investments in early stage companies and therefore carry higher degree of risk, however with VCT’s…
CBHC Budget summary 2013
March 21, 2013CBHC Budget update 2013 Please click on the link above to download our summary of the Chancellor’s Budget on March 20th. There are some useful measures to help the SME sector and the National Insurance savings of around £2,000 per company may prove…
Budget Day today!
March 20, 2013It’s that day again already. Please keep an eye on our web site as we will be producing a full PDF copy of all key points within a few hours of the Chancellor’s speech today. I can’t see too many…
Tax planning tip
March 19, 2013If you are trading as a sole trader have you considered bringing your spouse/civil partner in as a partner to split income to fully utilise lower rates of tax?
Tax planning tip!
March 18, 2013For those of you who are still trading as a sole trader or partnership have you considered fully or partially incorporating to reduce the tax payable? This is well worth considering with the end of the tax year fast approaching. We find…
Tax planning tip: getting tax relief on interest paid
March 16, 2013If you have money invested in your business, e.g. partnership capital or your company owes you money and you have a mortgage on your house consider refinancing to make the interest tax deductible.
Pre year end tax planning tip!
March 14, 2013Review the timing of any capital expenditure on plant and machinery you expect to make to ensure Annual Investment Allowance is fully utilised. Remember that the first £250,000 gets a full 100% relief so if you are nearing your year end you may want…
Sale of the century
May 9, 2012Unless you’re a serial (and highly successful) entrepreneur, chances are you won’t have been through the process of selling a business before – so we thought some useful advice might be in order… You may not have previously considered your…
New tax avoidance taskforces
March 23, 2012Aimed at specific business sectors where HMRC has evidence of tax evasion, these 30 new taskforces come as a result of the Government’s £917m spending review investment to tackle tax evasion, avoidance and fraud, which aims to raise an additional…
Protection provides peace of mind
February 8, 2012There’s no business owner in the country who isn’t aware of the economic deficit that the Government has to tackle, but not everyone is aware that HMRC is ramping up its enquiry activity in order to help balance things out….
Chancellor’s statement brings some good news
December 3, 2011Funding support, reduced tax, investment incentives and a possible simplification of employment law – just some of the positive initiatives announced by the chancellor in the autumn statement. Here we cover some of the best bots in more detail. Funding…
10 top tips on reducing tax
November 29, 2011Smart tax planning delivers instant savings and cash flow benefits. This month we’ve selected 10 top tips that could save your business thousands, and will continue to provide new ideas and advice in future editions. However, if we haven’t covered…
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