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Keeping Your Company’s Mobile Devices Safe From Malware

Industry reports from cybersecurity firms such as McAfee and Kaspersky Lab have identified that smartphone and tablet malware attacks are becoming increasingly widespread and more sophisticated. Most business professionals use smart devices these days. These electronic rectangles are basically small computers and can be infected with malware in the same way as a PC. Usually […]

Read more November 19th, 2019

Effective Internal Communication

Effective internal communication is key to creating an engaged workforce. Effective communication between a company and its employees enables businesses to fully tap into the unique knowledge, insights, and talents of its people. Having an effective internal communication strategy can help to avoid misunderstandings. For example, if your firm is working on multiple, complex projects, […]

Read more November 19th, 2019

Making The Most Of Alumni Networks

Whether it’s your University classmates or the colleagues you trained with at your first job, we all have an alumni network. Your alumni network is an immense network of professional contacts – all with whom you already have one thing in common. That one thing could be a University that you attended, a previous employer […]

Read more November 19th, 2019

Avoiding Burnout

In today’s “always-on” society, business owners and managers are under more pressure than ever. Stress-related workplace burnout is now recognised by the World Health Organisation (WHO) as an official medical diagnosis. Here are some tips to help to avoid burnout. Manage your time It’s impossible to sustain long-term happiness without appropriately balancing your professional and […]

Read more November 19th, 2019

Collected Unpaid Tax For 2018/19 Through Your PAYE Coding

Under certain circumstances, it is possible to arrange the collection of unpaid tax through your PAYE coding rather than making a balancing payment on 31 January. This will depend upon the amount outstanding and the amount of income taxable under PAYE. There is a further condition that the return is submitted to HMRC online before […]

Read more November 11th, 2019

Furnished Holiday Letts Qualify For CGT Relief

As mentioned in another article, furnished holiday lettings businesses are eligible for capital allowances on equipment in the property. Where the business incurs finance costs such as mortgage interest the restriction that applies to other residential property businesses does not apply to furnished holiday lettings. It should also be noted that qualifying furnished holiday lettings […]

Read more November 11th, 2019

No Capital Allowances For Equipment In A “Dwelling House”

As a general rule, there are no capital allowances available for expenditure on plant and machinery in a dwelling house. In a recent Tax Tribunal case it was decided that only equipment installed in the “common parts” of a dwelling house qualifies for tax relief. This would typically comprise a common entrance lobby, corridors, stairs […]

Read more November 11th, 2019

Keep Details Of Your Director’s Loan Account, And Keep It In Credit

In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of directors loan account transactions is required, including dates. The significance is that where the loan account is overdrawn (debit balance) there may be a possible P11d benefit on the director and also a tax charge on the company. A […]

Read more November 11th, 2019

Apply For More Time For MTD Digital Links

For VAT periods starting on or after 1 April 2020 (or 1 October 2020 for deferred businesses) your accounting systems must use digital links for any transfer or exchange of data between software programs, products or applications used as functional compatible software. That is the end of the current 12 month “soft landing” extension. Businesses […]

Read more November 11th, 2019

Government Funding To Help Prepare For Customs Changes

£16m in new government funding is now available to help businesses train staff in making customs declarations, and to help businesses who support others who trade goods to invest in IT. This will ensure that trade with the EU continues as smoothly as possible after Brexit. Grants can be used to support: training costs for […]

Read more November 11th, 2019

2019 Budget Delayed

It was announced on 14 October that Sajid Javed’s first budget would be on 6 November but with a general election in December when will it be now? The current political uncertainty makes it difficult to give clear tax advice as a number of key proposals in the draft Finance Bill scheduled to take effect […]

Read more November 11th, 2019

Reduced Rate VAT Eligibility

The key time where the reduced VAT rate becomes useful for most property investors is when they are converting a property from one use to another. For example, a single dwelling is being converted into a multiple dwelling property (a HMO). The complete information can be found in VAT Notice 708 Buildings and Construction which […]

Read more October 14th, 2019

Tax Return Season

If you are a Landlord with properties owned in your own name, then you should be considering completing your tax return now, if you have not already done so. This is to ensure you get the deadline for filing of 31 January 2020. Just remember that Section 24 (the interest rate restriction) is being introduced […]

Read more October 10th, 2019

Property, Tax Credits And Universal Credit

Over the last few months we have had a number of questions on the above, and on review of the details of how Tax Credits and Universal credits work it has highlighted a few issues. If you are receiving Tax Credits and invest in property, you need to be conscious of any changes that may […]

Read more October 10th, 2019

Flipping Property

It is a very important question to ask on how to structure the purchase and sale of a property you intend to buy and sell with the intention of making a profit. Many people look at this and decide to do this in their own names as a capital gain. As individuals, we all have […]

Read more October 10th, 2019

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