With substantial restrictions for everyone on the circumstances in which we can leave our homes, and many businesses being forced to close, the Chancellor has announced a scheme to reimburse up to 80 per cent of the cost of the wages of ‘furloughed workers’. What is a ‘furloughed worker’? Anyone designated as a ‘furloughed worker’ […]

Being subjected to a tax investigation can be a very stressful experience. Any person or business can be selected for an HM Revenue & Customs (HMRC) investigation at potentially any time – meaning you never know when an enquiry might be just around the corner. The process typically begins with a letter from HMRC notifying […]

Since April 2014 only £40,000 can be paid into your pension each year before you need to pay tax on it and declare it on a self-assessment tax return. This £40,000 includes all money paid into your pension – whether that is invested yourself or another party pays, such as your employer. It is, however, […]

Thinking ahead when it comes to retirement planning is vital for any business owner who wants to enjoy a financially comfortable life in their later years and pass on their successes to the next generation in a tax-efficient and sensible way.

What is Making Tax Digital (MTD)?

Self-employed business owners and individuals who choose to dispose of anything that might be considered an ‘appreciating asset’ – such as commercial premises or a buy-to-let property – need to be aware of the complex rules governing Capital Gains Tax (CGT) in the UK.

Britain’s property market has always been regarded as a sound and sensible place to invest your money, regardless of whether you are an aspiring landlord or just looking to purchase a home to sell-on in a few years’ time.