small business Archives - Page 13 of 14 - Ilyas Patel Accountants in Preston

FIC LLPs (Part Two): Tax-Efficient Investments For Higher Rate Taxpayers In this article, we look more closely at tax-efficient company structures for higher rate taxpayers, namely Family Investment Company LLPs. Tax-efficient investments for higher rate taxpayers: An introduction If you’re a higher-rate taxpayer, you are likely aware of the high tax rates that can apply

Family Investment Company LLP Tax (Part One) Do you know the tax benefits of setting up a Family Investment Company LLP? Find out how it can benefit your business. Family Investment Company vs LLP Tax If you’re seeking to safeguard your wealth, grow your business, and pass it on to your family with lower taxes while

Slash Your Tax Bill With Your Furnished Holiday Let: Start Saving Today! In this week’s Tax Tip, we’ll provide you with some important information about your Furnished Holiday Let (FHL) that could slash your tax bill. Furnished Holiday Letting (FHL) If you’re looking for ways to save tax for furnished holiday lets (FHL), there are

Family Investment Company vs Trust A Family Investment Company vs Trust is a practical consideration when choosing the best way to manage family wealth and assets in the UK. While both structures offer benefits and drawbacks, choosing between them requires an understanding of their key features. In this guide, we’ll explore the differences between FICs

Gifting Shares to Spouse If you’re a business owner in the UK, you may be wanting to transfer shares to your spouse. Our article provides a brief overview on the tax implications of gifting shares, so you can decide whether it benefits you. (5-minute read) We will cover: The tax implications of gifting shares to

The Reality: Being VAT Registered Is Not Killing Your Business You might think being VAT registered… Is a huge drain on your resources, both financially and time-wise Means having to fill out far more paperwork Can be a real strain, due to additional costs Will make you lose clients due to increasing your prices by