Making Tax Digital
Making Tax Digital - This factsheet covers responsibility for sending information to HMRC, how is information to be sent, benefits and disadvantages and compatible software.
National Minimum and Living Wage rates
National Minimum & Living Wage rates - This factsheet covers who qualifies for NMW or NLW, who is not entitled to the NMW or NLW, rates of NMW and NLW, company directors and the minimum wage and penalties for breaching the regulations.
Non-domiciled taxpayers - This factsheet covers what is domicile, what are tax treaties, what is the current position of non-doms and other considerations, RBC exemptions and any other UK taxes that affect non-doms.
Pensions auto-enrolment - This factsheet covers employers that are affected, when do you need to start, levels of contributions to be made, avoiding scams and re-enrolment.
R&D tax relief for smaller companies
R&D tax relief - This factsheet covers what counts as R&D if you qualify, what costs qualify for R&D relief, how much tax relief will a qualifying project attract and how do you claim the R&D relief.
The Family Home
The family home - A factsheet covering second homes, letting out your home, the tax implications, IHT and planning points.
VAT Special Schemes
VAT special schemes - This factsheet covers the Cash Accounting Scheme, VAT Flat Rate Scheme, Other schemes and switching between schemes.
Save tax by making pension contributions
There are generous tax benefits available if you pay into a private pension fund. You can claim tax relief for contributions made subject to the overriding limits listed below and benefit from tax relief at the highest rate of Income Tax you pay. This makes building a pension pot a very tax-efficient way to save for your retirement.
Advantages of Cloud Accounting
Advantages of Cloud Accounting - This factsheet covers the main advantages, scalability, costs, transferring existing records and the right software product to use.
Going electric – the advantages of investing in zero-emission vehicles
GDPR - This factsheet covers what is GDPR, why you should take it seriously, new obligations, lawfulness and consent and where to start.
Extracting Company Profits
Extracting Company Profits - This factsheet covers the best way to extract funds from a company, taking a salary, tax-free benefits, dividends, interest on monies loaned, receiving rents for personal assets and the best overall extraction strategy.
Income Tax - This factsheet covers the types of income that is taxable, Income Tax bands across all four nations, Income Tax allowances, reducing your Income Tax liabilities, dividend income, married couples allowance, High Income Child Benefit Charge, the marginal rate of Income Tax, self-assessment and Making Tax Digital.
Inheritance Tax (IHT) - This factsheet covers IHT reliefs, Main Residence Nil-rate band, giving assets away, wills, trusts, living abroad and double taxation treaties.
Basic tax planning
Basic tax planning - This factsheet covers why tax planning is adviseable, what does it involve and who will benefit, why one size to fit all does not work and planning to save tax.
Buy-to-let landlords - This factsheet covers the loss of higher rate tax relief, wear and tear allowance exits, Making Tax Digital, changes to CGT from April 2020 and ideas to counter the changes.
Capital Gains Tax (CGT)
Capital Gains Tax - This factsheet covers when CGT is payable, how much is payable on chargeable gains, making a capital gain, owning assets in a company and other reliefs and factors to consider.
Cash basis accounting for tax
Cash basis accounting for tax - This factsheet covers when the cash basis may not be suitable for your business, who can and can't use the cash basis, recording income and expenses, VAT registered businesses and micro-sized businesses.
Business Structure - This factsheet covers business risks, sole traders, partnerships, limited liability partnerships, companies limited by guarantee and limited companies.
Annual Investment Allowance
Annual Investment Allowance - This factsheet covers what AIA is, claiming AIA and selling the underlying asset, reducing your AIA claim, when is AIA not available, investment decisions and other issues to consider.
Corporation Tax - This factsheet covers who pays Corporation Tax, filing tax returns, calculating your CT bill, rates of CT payable, what accounting records do you need to keep and for how long, CT reliefs available, submitting late returns and unpaid loans to directors/shareholders.
Personal Service Companies and IR35
Personal Service Companies and IR35 - This factsheet covers what a Personal Service Company is, the changes from April 2021, what happens if you are caught by the rules, can you challenge HMRC, how do the rules operate, partnerships and Managed Service and Umbrella Companies.
Investment tax reliefs
Investment tax reliefs - This factsheet covers the Enterprise Investment Scheme, Seed Enterprise Investment Scheme, Social Investment Tax Relief, EIS and VCT and encouraging investment in knowledge-intensive companies and can a business owner claim these reliefs.
Salary sacrifice - This factsheet covers the tightened restrictions on salary sacrifice schemes, which features continue to offer tax and NIC savings, what effect is there on benefits and future strategies.
Stamp Duty Land Tax and regional variations
The Stamp Duty Land Tax and regional variations - This factsheet covers rates for SDLT in England and Northern Ireland, Scottish LBTT and Welsh LTT, the types of properties that incur and do not incur these taxes and planning opportunities if you live or work in border areas.