What is Capital Allowance Tax Relief on Property?
Capital allowances can be an extremely valuable form of tax relief, allowing owners of commercial property in particular to claim qualifying items of capital expenditure as a tax deduction. Understanding how capital allowances work will be key to securing the maximum possible tax savings for your business. What is capital allowance tax relief? […]
How Much is Capital Gains Tax?
Capital gains tax (CGT) is a tax levied on the profits arising from the disposal or sale of an asset, such as a second home, a buy-to-let property or a business asset. The extent to which you are liable to capital gains tax depends upon a number of factors, for example, whether you are classed […]
How to Calculate Capital Gains Tax
The amount of capital gains tax you pay will depend on a number of factors, including your income, the type of asset in question, when the asset was disposed and whether any exemptions or reliefs apply. Below we look more closely at chargeable assets and how to calculate capital gains tax based on your particular […]
Is there Capital Gains Tax on Inherited Property?
The following guide looks at how capital gains tax on inherited property applies, including how to calculate gains made by the executors or personal representatives, or those who inherit property from the deceased. Capital gains tax for executors and personal representatives As a general rule, when someone dies there is no capital gains […]
Maximising Capital Gains Tax Allowance on Property
If you are a professional landlord, property investor, sole trader or business partner, your liability to capital gains tax can be significant. It is therefore vital to consider any capital gains tax allowance on property, maximising all available relief so as to minimise any potential tax bill when you come to sell or dispose of […]
Capital Gains Tax Relief (Reduce Your Liability)
Reducing your liability to capital gains tax (CGT) requires planning and careful use of the capital gains tax relief provisions. Below we look at some of the main forms of tax relief against CGT and how you can maximise their use so as to minimise your tax bill. What is capital gains tax? […]
Which Capital Gains Tax Rate Applies?
Understanding capital gains tax rates is crucial in determining your potential tax liability following the disposal of an asset. Below we consider different capital gains tax rates and how these apply. What is capital gains tax? Capital gains tax is a tax levied on the profit when you sell or dispose of an […]
Anatomy of Content Marketing [infographic]
How effective functioning of your content marketing drives online success While the concept of content marketing is generally well recognised and understood, effective implementation still eludes many businesses, leaving content performance and impact lacking. As the process of producing and sharing relevant and valuable information to target audiences, content marketing should be used to showcase your products […]
6 Horrible Hiring Mistakes & How to Avoid them!
Hiring mistakes can be extremely costly for organisations of all sizes. Recruiting new staff comes at a considerable cost in terms of both time and money, with some studies suggesting bad hiring decisions can cost an organisation between 20 and 30 percent of an employee’s annual salary. An awareness of common pitfalls will help you […]
Facilitating Behavioural Changes at Work
The ability to facilitate change is a vital skill for all managers, as without change your organisation cannot grow, improve practices and thrive. When planning and orchestrating any changes at work, it is essential that the proposed change is framed positively and that employees are given the tools and information they need to cope. Even […]
Bereavement Leave (How Much Time Off Work?)
As an employer it is important that you provide both a compassionate and legally compliant approach to employee absence from work following the death of a loved one so as to minimise the impact on the bereaved individual and your business. Yet the law relating to bereavement leave is by no means clearly defined. What is […]
Coronavirus Job Retention Scheme (How to Claim)
With businesses across the UK economy suffering the impact of the coronavirus outbreak, the Government has stepped in to help employers avoid layoffs and redundancies through the Coronavirus Job Retention Scheme (CJRS). The CJRS is an emergency scheme designed to fund wages of those workers who would otherwise be unemployed as a direct consequence of the COVID-19 […]
Coronavirus: Working from Home (Employer Advice)
The UK Government has placed the country on official lockdown from 23 March 2020. Under the new rules, members of the public must not leave their house except to: Travel to and from work if impossible to work from home Shop for essentials, as infrequently as possible Exercise outdoors once per day, alone or with […]
Should I Furlough My Employees?
Businesses forced to close to reduce the spread of coronavirus and those that are still operating but seeing no or very little work are now looking to lay offs, asking workers to take unpaid leave or to furlough employees to reduce their outlay on salaries. Can you force employees to take unpaid leave? Despite the […]
Disqualification of Directors Rules
A company director may face disqualification if they are found to have failed to fulfil their legal responsibilities by participating in unfit conduct, or wrongful or fraudulent trading. Common grounds for director disqualification could include: Failure to maintain proper accounting records for the company Permitting a company which is unable to pay its debts […]
What is Insolvency?
When financial hardship hits your business, and you are forced to consider closing down, working out what to do next can be overwhelming. Understanding the fundamentals behind what insolvency is, what the process entails and what it means for the future of your business can help you to navigate this complex situation. What does […]
What is the Role of the Company Secretary?
All UK public companies require a company secretary by law, under the Companies Act. Private limited companies however are not required to appoint a company secretary, however the directors may still choose to do so, as there can be many practical benefits to the organisation of having a dedicated individual in this role. Many important […]
Restoring a Company to the Register
There are two processes for restoring a company to the Register, either by Court Order or by ‘administrative restoration’ under section 1024 of the Companies Act 2006. The appropriate route will be determined by a number of factors. Restoring a company to the register by way of administrative restoration requires certain eligibility criteria to be met […]
How to Determine your Estate Planning Needs
To ensure your intended beneficiaries receive the maximum from your estate, it is always recommended to fully investigate your estate planning needs now to guard against unintended parties laying claim to part of the estate. Since no two estates are the same, there is no single solution to handling your estate planning needs. Regardless of […]
The School Fee Plan and Private Education Fees
The cost of school fees continues to soar and, sadly, rarely in line with any annual increase in salary. The average cost for private day schooling currently stands at around £14,000 per annum, a figure that can easily be doubled for boarding fees. It is therefore essential to plan ahead, considering the most tax efficient […]