Tax Tips and Business Advice

Capital Gains Tax & Incorporation

Pick the tax relief which suits your specific circumstances and future plans

Sole trade, partnership, or company?

Whether you’re just starting out in business, or have been at it for a while, there are three main types of ‘trading vehicle’ to consider if you want to make...

Some tax planning points to consider as the 2018/19 tax year comes to an end

Get organised, save tax.

'How' you own assets & property can affect tax payable

If you organise your affairs you could pay less tax

VAT on construction works

Minimise your VAT charges & make more profit

Incorporate & save tax

A limited company can have many benefits, including reduced tax bills.

Relief for the trading losses of unincorporated businesses

A £10,000 trading loss could be worth £4500 tax relief in one year and £0 in the next, or vice versa.
So choosing where and when you offset is worth proper consideration.

Principal Private Residence Relief

If you qualify for PPRR you also qualify for Lettings Relief, and the deemed occupation rules mean multiple properties could qualify all at the same time!

Residential lettings landlords

Landlords encouraged to spend!

Building contractors - 5% or 20% VAT?

Its one or the other and you are responsible for applying the correct rate.
Get it wrong and either HMRC or your customer will quite rightly expect you to pay.

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