This month we are focusing on: Inheritance and Property Tax And this week are looking at: Tax on Property – Capital Gains Tax (CGT) Capital gains tax (CGT) is payable when you sell an asset that has increased in value since you bought it. The rate … Continue reading Terrific Tuesday Tax Tip – Capital Gains Tax (CGT)
Launching Today the Self-Employment Income Support Scheme for Sole-traders and those in a Partnership whose business has been affected by coronavirus. This Scheme is designed to match the support being given to furloughed employees. Those able … Continue reading The Self Employed Income Support Scheme Launches Today!
During the Pandemic, access to and information on help for the self employed, and partnerships has been delayed and often unclear, with those affected waiting to hear when the scheme would be available and unable to contact HMRC for any information. … Continue reading Further Updates On The Self Employed Grant Scheme
Avanti share FAQs on the CJRS, from the information needed to claim to tax implications and NI deductions. What information is required to make a claim? To claim, you will need: your PAYE reference numberthe number of employees being … Continue reading Coronavirus Job Retention Scheme: FAQs
While the General election is dominating the headlines, political parties are promising big spends on all the usual political hotbeds – healthcare, education, defence etc, here Avanti explore how the funds will be raised from you, the Great British … Continue reading How Much Tax Are You Paying?
I have a company client and they have taken a number of loans in recent years that remain outstanding, business is improving and the company is going to start paying interest on those loans. They have a mixture of loans; one from the director, one … Continue reading Tax Question Of The Week – Duty To Deduct Tax
Q: A married couple own a property that is their main residence and are entering into a transaction to purchase two dwellings that are next to each other, one of which will be their new main residence. They have been advised they will have to pay the … Continue reading Tax Question Of The Week – SDLT Higher Rates Transaction
Q: A client is an insurance company, they are VAT registered and partially exempt (85% exempt/15% taxable). They have invested £200,000 in bespoke computer software. The software was written for them by an Israeli company, who are … Continue reading Vat Question Of The Week – Reverse Charge From Overseas
If you're starting out in business, operating as a sole trader may be the ideal way for you to start and test the waters, without all of the red tape and statutory filing that comes with running a Limited Company. However a Limited Company will … Continue reading Top Tips For Sole Traders
Q My client is a UK VAT registered recruitment agency specialising in temporary staffing within the advertising industry. As my client has the contacts, he was approached by a start-up UK marketing consultancy to help them find new contracts, and he … Continue reading VAT Question Of The Week – INTERMEDIARY SERVICES
You have one week before your payment on account is due to be made to HMRC. Please give us a call for advice on how your payment on account works, and whether or not it applies to you. (08000) 388 799 … Continue reading Deadline Approaching – 31st July
Q - I am looking at gifting my child a sum of money. What are the income tax consequences if I use a bare trust to do so? Answer … Continue reading Tax Question Of The Week – Bare Trust