The Business Accountants
Are you having your new home or holiday home built to specification? Just as a builder in business is able to claim back all of his input VAT on building a new residential property, there is a VAT scheme which allows
THINKING OF BUYING A SECOND PROPERTY – Taxation Changes If you are thinking of buying a second property, please ensure you consider the tax changes. 1.RESTRICTION OF TAX RELIEF ON INTEREST IN RESPECT OF RESIDENTIAL RENTAL PROPERTY The amount of income tax relief that
The following information details some changes to dividend tax. We will be writing to our company director clients in January 2016. The new “Dividend Allowance” A new £5,000 dividend allowance is being introduced. If your dividend income is less than
Many of our small business clients (turnover must be less than £150,000 to join the scheme) either use or are interested in this way of accounting for VAT to HM Revenue & Customs, as it simplifies their book-keeping requirements, saving
New rules have been announced that allow the use of ‘simplified’ fixed rate adjustments to the profit figure used to calculate income tax liabilities. Any individuals who are self employed can use the fixed rates including partnerships. The fixed rates