ilyas Patel, Author at Ilyas Patel Accountants in Preston - Page 8 of 14

Cracking Down on Till Fraud in Chippies: A Closer Look at HMRC’s Covert Operation In a recent sweep, HM Revenue and Customs (HMRC) set its sights on the burgeoning issue of electronic till fraud in the takeaway and restaurant industry. Over the past month, HMRC officers have made unannounced visits to 24 hot food takeaways

HMRC’s Spotlight 63: Challenging the Viability of Hybrid Partnership Plans Navigating the tax implications of property investments just got trickier. HMRC’s Spotlight 63 casts doubt on a popular tax-planning scheme for landlords, challenging its legality and effectiveness. This revelation raises crucial questions for buy-to-let (BTL) property owners entangled in the complex world of hybrid partnerships.

Classic Car as your Company Car?Beware of BIK Bangers and Cash isn’t just about classic British cuisine, but rather delving into the intriguing realm of classic car sales within a company structure. Explore the financial and tax intricacies of selling high-value vehicles to a limited company, where strategic planning meets compliance. (Read Time: Approx. 3

Landlords Beware: Navigating HMRC Spotlight on Buy-to-Let Property Incorporations Today, we explore the ongoing situations surrounding two firms specialising in tax structuring for landlords: Property118 and Less Tax 4 Landlords We discuss the potential implications for their clients, and the community of landlords making use of any tax structuring firms. We offer our opinion to

Legal Vs. Beneficial in Joint Property Ownership In the complex world of property ownership, the distinction between legal vs. beneficial ownership is not only pivotal but often misunderstood. This understanding is especially crucial when it involves joint property, where nuances in ownership can significantly impact financial and legal outcomes. (Read Time: Approx. 4 minutes) Topics

HMRC Will Pay for your Christmas Party! Is your office in a festive mood? A festive get-together is a wonderful way to strengthen your staff’s bond and celebrate the completion of the year. Learn about effectively planning a Christmas Party, tax FREE. (Read Time: Approx. 3 minutes) Topics Discussed: Exploring Eligibility and Financial Benefits of

How you could be claiming an extra £441 per month from DWP Have you heard of this unknown and mostly unclaimed allowance? People over 66 can claim for this non-means tested allowance on a wide range of health issues. This applies regardless of your income or savings! This guide explores what Attendance Allowance is, how

As we all know, Inheritance Tax takes away from the sum you inherit on the unfortunate passing of a loved one. There are some methods to limit the amount of tax you’re dealt, and today, we’re going to talk about the appropriately dubbed inheritance ‘Generation Skipping’ Read through our guide on why you would skip