Benefits Archives - Page 9 of 14 - Ilyas Patel Accountants in Preston

The Tender Shelter of Nuptial Ties Who knew marriage could be so financially rewarding? In the dance of matrimony, not only do hearts intertwine, but so do financial perks. Dive in as we unravel the tax secrets every married couple should know. (Read Time: Approx. 3 minutes) Topics Discussed: A Trip Down Memory Lane: The

WARNING to Landlords on property transfer to Limited company using “Hybrid Business Models” There’s been a rising tide of conversation within the property sector concerning a particular tax planning option related to landlord property transfer to company You may have heard of it referred to as the ‘hybrid business model’. On the surface, it appears to

Capital Gains and Inheritance Tax for Landlords – a Guide For a landlord, it’s crucial to be aware of the taxes you might have to deal with, specifically Capital Gains Tax (CGT) and Inheritance Tax (IHT) upon your demise. Before figuring out which of these taxes will apply (or in some cases, when both apply),

Incorporating a Buy-To-Let Property Business – The Simple Facts Incorporating a property business or buy-to-let portfolio is no small decision. It presents both opportunities and complexities, especially in the realm of tax considerations. In this week’s Friday Tax Tip, we aim to simplify these complexities for you. (Read Time: Approx. 6 minutes) Topics Discussed: Incorporation:

How to start a company You are self-employed, you have started working for yourself, what do you need to do now? How to register for tax. When do you pay tax? What records do you keep? (Read Time: Approx. 6 minutes) Topics Discussed: When to register for tax You are required to register with HM Revenue

The Intricacies of Transferring Property to a Limited Company Navigating the property market can be daunting, especially with ever-changing tax rules and regulations. Dive deep with us into the benefits and complexities of transitioning properties to limited company holdings. This has become a hot topic since the 2015 mortgage interest tax relief changes. Understand how

How to start a company Here are three main ways to set up a new company: (Read Time: Approx. 2 minutes) Topics Discussed: Steps and Consideration When setting up a new company there are a number of points to decide first: As part of the registration process you also need to: The Next Steps Once

How HMRC Find your Online Sales Activity In the past, individuals have tried to avoid paying tax by attempting to hide their online sales activity from HMRC. HMRC has shown that it possesses robust information gathering powers, enabling the authority to directly access data from major UK marketplaces like eBay and Amazon. This is especially