News

Do I need to top up my state pension?

Do I need to top up my state pension?

Date posted: 5th Jan 2022

A full state pension is payable to people who have 35 qualifying years. Individuals who have less than 35 qualifying years, but at least 10 qualifying years are…

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Property expenses whilst there are no tenants – can you get tax relief?

Property expenses whilst there are no tenants – can you get tax relief?

Date posted: 5th Jan 2022

Unfortunately a common scenario for landlords, but there are times when a residential property does not have a tenant. This could be periods when the property is empty,…

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Tax deadlines on the horizon

Tax deadlines on the horizon

Date posted: 5th Jan 2022

As the clock struck midnight on 31 December 2021, attention may have turned to your plans for 2022 – booking holidays, seeing friends or getting back to the…

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Capital gains tax reporting – increase in declaration time

Capital gains tax reporting – increase in declaration time

Date posted: 16th Dec 2021

As a reminder, the sale of a residential property that produces a tax charge (e.g. buy to let property sale, second home, inherited property etc) needs to be…

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HMRC paperwork – we don’t always get copies!

HMRC paperwork – we don’t always get copies!

Date posted: 16th Dec 2021

We receive many calls from clients asking whether a letter they have received from HMRC is correct. This could be a change in PAYE code, a refund notice…

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Reporting Covid-19 Support Payments

Reporting Covid-19 Support Payments

Date posted: 15th Dec 2021

If you are self-employed and you received Covid-19 support payments during the pandemic, you will need to report these on your Tax Return. If you are an employee…

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Rewarding employees – be aware of the tax risks if you are gifting shares!

Rewarding employees – be aware of the tax risks if you are gifting shares!

Date posted: 15th Dec 2021

Given the ongoing shortage of employees that appears to be facing every sector in every industry, there can be a temptation to simply gift shares in the employing…

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Property income reporting

Property income reporting

Date posted: 15th Dec 2021

The deadline for filing your 2020/21 Tax Return online is 31 January 2022. If you received income from property, you may need to tell HMRC about it on…

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Child benefit – it is still worth registering even if you are not eligible?

Child benefit – it is still worth registering even if you are not eligible?

Date posted: 15th Dec 2021

If you are responsible for bringing up a child who is under the age of 16, or under the age of 20 where they remain in approved education…

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Super deduction – is it time to plan your spend now?

Super deduction – is it time to plan your spend now?

Date posted: 15th Dec 2021

As we have mentioned on several occasions, the super deduction is a very valuable tax relief for those companies looking to invest in plant and machinery. A re-cap…

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