Last-minute tips to cut your tax bill – Final day today!
1. Use Isas Investing in an Isa doesn’t reduce tax bills immediately but it will in the future. There are said to be thousands of people with £1m or more in their Isas whose money has grown tax-free and who … Continue reading
Tax Q & A’s – Debbie’s monthly editorial for Grapevine readers
Every month Debbie Story answers your questions in the local Grapevine magazine. What are the advantages of trading as a limited company? This is an important question to ask. A few of the advantages are: If a limited company should … Continue reading
Budget 2012 – Key Points
Income tax From April 2013, the 50p top rate of tax will be cut to 45p. Personal income tax allowance raised to £9,205 from April 2013, making 24 million people £220 a year better off. New general anti-tax avoidance rule … Continue reading
Budget 2012 – What can we expect?
The Budget takes place on Wednesday 21 March and the draft Finance Bill will be published a week later on Thursday 29 March. 50% income tax rate The government has commissioned HMRC to produce a report on the amount of … Continue reading
The Basics of Capital Gains Tax
Capital Gains Tax is a tax on capital ‘gains’. If, when you sell or give away an asset it has increased in value, you may be taxable on the ‘gain’ (profit). This doesn’t apply when you sell personal belongings worth … Continue reading
The Tax Enquiry Process
Every Tax Enquiry is different but there are certain processes to go through. We have set out below the general pattern that is followed during a Tax Enquiry. Selection The first thing to realise about any Tax Enquiry is that … Continue reading
Tax saving strategies
If you are an individual with income of more than £100,000 per year we have a new tax strategy out shortly which could save you significant tax. Also if you are a company with profits of more than £150,000 per … Continue reading
Tax saving tip for a married/civil partner higher rate tax payer with investments
Debbie Story informs us of a tax saving tip for a married/civil partner higher rate tax payer. Click here for video message from Debbie Narrative of video: Hi I’m Debbie Story from Sleigh & Story. Here is a tax … Continue reading
Any tax or accountancy questions you would like answering?
Debbie Story writes an editorial for a magazine each month. She gives clear and simple explanations to tax and accountancy questions, tips and advice. Click here to see the June issue. Do you have any tax or accountancy questions that you … Continue reading
Tax Planning Advice if Selling a Business
Even if you’re not planning on selling your business for some time, it’s wise to have your exit strategy planned well in advance. As with many other aspects of running a business, the tax implications resulting from the sale are … Continue reading
