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Join the 100's of highly satisfied clients all around the UK who receive a friendly personal service all year round. Limited company formation services A fast track & individually tailored service. (Click here) Small business start up and structuring advice We can help you achieve your entrepreneurial ambitions and expertly structure and manage your Tax & Accountancy responsibilities. Fast track transfer We can contact your existing accountants to arrange a professional transfer. |
Resource Centre
Newsletter
'Tax Planning & Strategies Digest' is exclusive to our registered clients and is developed entirely in-house by our own tax experts.
Basic tax tips
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Child care costs and Maternity pay - If you operate your trade through a limited company, there are a number of planning steps that can be taken to ensure that the maximum amount of SMP/SPP can be claimed from the government through the company (The first 6 weeks of which is technically unlimited). Under new loopholes, if you decided to return to work before the full 39 weeks entitlement period, the application of SMP can be diverted to a partner. You may also claim the costs of child care as a tax expense. Careful contractual structure is required to help maximise the claim. For NIC purposes only, a separate exempt allowance is available for each separate employment or directorship.
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Hands free Mobile Phone kits - If your company owns a mobile phone that you use then there is no taxable benefit charge depending on how the service contract is structured. The same treatment applies for a hands free kit and also the cost of fitting it onto your private car. The company retains ownership.
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Tax relief at 60% - Individuals with a taxable income of £100,000 + have their personal tax allowance restricted by £1 for every £2 of earnings over the threshold. This provision can be manipulated to achieve tax relief at 60% on investments. The supporting anti avoidance provisions can also be mitigated with prior planning.
Tax podcasts (Audio)
HMRC New compliance checks - Listen to how HMRC's new compliance checks regime could affect individuals and businesses.
Banking services
Through our partnerships, we can assist clients with setting up a free business bank account under a fast track service.
Mortgage services
We can assist clients (including those operating through a limited company, the self employed, and landlords) in obtaining finance through the provision of professional references. Our vast experience of supplying references to the main UK lenders is a valuable resource to our clients.
Budget 2011
The Chancellor of the Exchequer presented his Budget to Parliament on 23rd March 2011. Summaries of the main announcements which affect Small businesses, Contractors / Freelancers, Private individuals and Landlords are outlined below:
External links
HM Revenue & Customs
HMRC is responsible for collecting the bulk of the country's tax revenue.
Responsible for incorporating and dissolving limited companies, examining and storing company information delivered under the Companies Act and related legislation, and making this information available to the public.
HM Treasury
The Treasury is the United Kingdom's economics and finance ministry. It
is responsible for formulating and implementing the Government's financial and
economic policy.
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