If you are a residential landlord and you are in the process of completing a tax return, and have expenses that include a new kitchen and replacing the washing machine in the property. Can these costs be offset against your rental income? Fixtures or furnishings? When...
In April 2015 the rules about pensions are changing to allow anyone aged 55 or over to draw the whole of their pension fund in one lump sum. Until then stop-gap measures will still apply. However there are tax consequences to the new rules. If you choose to take part...
These days HMRC is taking a tougher line where self-assessment payments are paid late. What penalties can you expect if you don’t pay on time and is there a way to avoid them if you can’t afford to pay? Deadline For most people who haven’t submitted...
Are there any tax issues you should consider before enrolling in a workplace pension scheme? For large companies pension auto enrolment has been in place for almost a year but it will soon affect almost all companies. In mid-2015 all employers with 30 or less...
HMRC have made changes to the RTI employer payment summaries (EPSs) to reduce the number of discrepancies between their records and employers records. HMRC has blamed most of the discrepancies on inaccurate reporting however it is more likely due to the delay in the...
ISA’s Isa’s are an easy to use tax shelter for investors. There are ISA millionaires out there who have obviously taken care to make sure they made use of the annual allowances and watched that the cash and stocks and shares elements are wisely invested...
