Tax Return Adviser Ltd
Newsletters
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Are you due an NI refund?
There are good reasons for keeping a close eye on your NI contributions. For example, they are key to your entitlement to the state pension and other benefits. How can you identify and check if you’ve over or underpaid contributions?
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Greater regulation for Airbnb, but what about the tax?
Airbnb and other short-term letting businesses face greater government regulation. The relatively good news is that at least there are no proposals to change the tax regime. So, if you’re thinking of becoming an Airbnb-type landlord, what are the key tax considerations?
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IHT mortgage loophole: is it legal?
The press currently seem to be fixated on the rights and wrongs of inheritance tax (IHT). One of their latest claims is that older people can use a mortgage to make use of a “loophole” in the IHT rules. Is this something you should consider?
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Tax planning for equipment purchases
Within limits, businesses are entitled to tax relief on equipment for the financial year in which they purchase it. However, purchases through HP and similar contracts are exceptions to this rule. How can you ensure the earliest tax relief for these?
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Tax relief for losses on incorporation
A sole trader is considering incorporating, which makes commercial sense. However, they have a loss for the current tax period due to coronavirus. Will the new company be able to utilise this?
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The right way to correct mistakes in employee expenses
When preparing figures for your P11D returns for 2022/23 your bookkeeper noticed PAYE tax and NI hadn’t been deducted from expenses not covered by the general exemption. How can you correct the problem at this late stage?