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.
HMRC’s ‘Making tax Digital’ scheme will require compliance with a new, digitised scheme from 2019.
The world of accountancy moves ever-forward. Even in light of major events – such as the recent snap general election – there is little time for those running businesses to stop and take stock.
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.