The great British buy to let market has been a mainstay of middle class wealth for decades. It has been a safe haven for excess funds; an easy to understand, accessible, liquid asset class which has seen thousands build up a valuable portfolio and in most cases generate additional income. However, this may all be about to change.
Most people by now are aware of the existence and purpose of virtual currencies, or crypto-currencies, such as Bitcoin.
Bitcoin and Crypto-currency has come a long way since its inception eight years ago. Even for those aware of Bitcoin however there are many developments which, as a whole, can become somewhat confusing.
Are you affected by IR35 tax legislation? If so it is important to know the rules. IR35 is a set of rules concerning tax and National Insurance contributions if you work through an intermediary via a contract.
Now that the mad rush is over for another year we can all take time to reflect on what has been a successful period.
With the accelerated payment scheme now brought in by HMRC this may be a good time for clients who have concealed income offshore or have been party to a tax avoidance scheme, to consider making a voluntary settlement.
The Cloud accounting software industry is enjoying a moment in the sunshine, with numerous systems available to all, from the freeware Quickfile and Waveapps, to the more sophisticated Xero and Sage One, to the accountancy practice-subscribed offerings of Freeagent.
It seems appropriate when we are about to enter the season of over-indulgence to review one’s business practices and perhaps review and minimise the chances of getting a stuffing from the tax authorities this Christmas.
Even for a so called expert, filling out a tax return can be a confusing enough process, but the one section that often has everyone flummoxed is the capital allowances. Here are some simple pointers to explain the reason and process for claiming capital allowances.
