Tax Return Adviser Ltd
Newsletters
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Capital gains calculations - how to avoid costly errors
Identifying the figures to use in your capital gain calculation following the sale of a property is not always as straightforward as it seems. What should you be including or excluding from your calculations to ensure you pay the right amount of tax?
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Ensure your invoicing systems are compliant
Your business has continued to issue paper sales invoices to your customers, as well as electronic invoices sent by email. With MTD for VAT now compulsory for all VAT- registered businesses, are your procedures acceptable to HMRC?
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Do personal contributions save company car tax?
By personally paying part of the cost of your company car you can reduce the benefit in kind on which you’ll be taxed and your company will pay NI. But will these savings be enough to outweigh the cost of your contribution?
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Are you entitled to land remediation relief?
There are tax breaks for businesses that move to areas in need of a financial boost. But unless you’re nearby you probably won’t want to make the move. However, an alternative tax break might be on your doorstep. What is it?
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When is salary more efficient than benefits-in-kind?
Usually, the total NI bill on benefits in kind is less than that for an equivalent amount of salary. However, in some circumstances the position is reversed. In what situation can this work in your favour when planning your remuneration?
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Buying a business after a temporary cessation of trade
You are buying a business and intend to stop trading for three months to carry out repair work and tweak the current business model. Does this create a potential VAT problem with the transfer of going concern (TOGC) rules when you buy the business from the seller?