by Lisa Dickson | May 10, 2017 | Personal Taxes
How individuals and families can save taxes in 2017/18. The UK tax system provides reliefs and allowances to encourage you to spend or invest in certain ways. Using those reliefs as they are intended is the fiscal equivalent of obeying the Highway Code. If you divert...
by Lisa Dickson | May 1, 2016 | Accounting 101, Personal Taxes
Does a company director with no tax liabilities, have to file a Self Assessment return or not? Here is our opinion on this very confusing matter. The purpose of a personal tax return is to notify HMRC of an individuals’ obligation to pay tax. It is a legal...
by Lisa Dickson | Apr 20, 2016 | Business Management 101, Personal Taxes
A guide to transferring a business to a family member. There are more than 3 million family businesses in the UK, which between them employ more than 9 million people and contribute 15% to GDP. Despite these successes, family businesses often experience difficulties...
by Lisa Dickson | Apr 18, 2016 | Personal Taxes
The overriding aim of all personal tax planning is to legally reduce the amount of tax paid on an individual’s income. This income can come from a number of sources and the tax reduction strategies available will be based on the reliefs and allowances applicable to...
by Lisa Dickson | Feb 28, 2016 | Accounting 101, Personal Taxes
Updated for 2023/24 So despite your best efforts to stay on top of your directors’ loan account – you find yourself overdrawn at year end. Does it matter? Unfortunately yes. If you have an overdrawn directors loan account then you may find that you are...
by Lisa Dickson | Jul 28, 2015 | HMRC and tax, Personal Taxes
A guide to the new accounting standards that WILL affect your business. Accountants aren’t known for being in the business of change. While the external environment around them and the numbers coming in may change, an accountant brings stability and reliability to a...
