General / April 24th 2019

Should I Convert my Buy-to-Let Property to a Furnished Holiday Let?

The last few years have seen a number of controversial changes to the UK tax system, and for buy-to-let landlords, the new legislation has proved particularly costly. Cuts to tax relief and hikes in stamp duty have seen profits from residential lettings dwindle, with some BTL landlords struggling to stay afloat. In light of

When it comes to selling your business, preparation is everything and it must start years beforehand. There are a number of key elements that require focus: Establishing the business’ story (history, current standing and prospects) Selecting the right accounting policies Ensuring that your tax position is co

When it comes to selling your business, preparation is everything and it must start years beforehand. There are a number of key elements that require focus: Establishing the business’ story (history, current standing and prospects) Selecting the right accounting policies Ensuring that your tax position is co

In the autumn budget in October last year, the government announced fresh changes to the UK tax system, making good on their campaign promises to cut income tax rates and increase the personal allowance. The new legislation means millions of UK households will be better off, with basic-rate taxpayers recouping, on average,

The benefits of an audit are always likely to outweigh the cost.   Below are just some of the benefits: Streamline Your Operation A good auditor will really get under the skin of your business.  In carrying out their audit work they are likely to be able to highlight any weaknesses in your accounting processes and inte

Announced in the spring budget of 2015, Making Tax Digital (or MTD) is the government’s pioneering initiative to modernise the UK tax system. By introducing digital record keeping across the board, the programme is set to revolutionise the way we do our taxes, making the entire process simpler and more efficient. In this

January 31st is a tax advisers worst nightmare when it comes to filing deadlines. Many will understand that as the end of January draws in, working hours get longer and most new year’s resolutions regarding ‘eating healthier’ and ‘hitting the gym more often to get into shape’ soon go out the window due to the extr

Bookkeeping is fundamental to the success of any enterprise, big or small. It provides a systematic record of your company’s financial transactions, from sales and investments to expenses and payroll, and, done properly, it can help your business thrive. In this article, we’ll demonstrate how sound bookkeeping practices

With the government at loggerheads over Theresa May’s withdrawal agreement, and whispers in Whitehall growing ever louder over the possibility of a no-deal Brexit, the UK, at least in the short term, is facing an uncertain future. Whether you’re an ardent Remainer or a die-hard Brexiteer, the fact remains that our immin

In recent years, HMRC have used a number of campaigns and amnesties to target particular groups of taxpayers.  Usually for a defined period of time, taxpayers who fall within that group have a period of time to come forward to rectify their tax affairs and deal with any undeclared or under-declared income or gains.  Durin