Posts Tagged ‘tax advice’
How To Avoid Paying Unnecessary Tax On Rental Income
Contents Most Landlords Overpay Their Tax First, The Rule Everything Hangs On: Wholly And Exclusively What Actually Counts As An Allowable Expense Repairs vs Improvements: The Distinction That Costs The Most A £6,700 Lesson In Keeping Your Receipts The Deductions Landlords Routinely Leave Behind Whatever Happened To The Wear And Tear Allowance? Don’t Forget The…
Read MoreHow HMRC’s New 55p Mileage Rate Rule Change Affects Your Business Expenses
How To Choose An Accountant In The UK: A Practical Guide
Tips & Advice How To Choose An Accountant In The UK: A Practical Guide Published: 21 November 2025 Reading time: ~11 minutes Start With Your Needs And Budget A good choice starts with clarity. List what you need this year and next. Typical services include annual accounts, tax returns, payroll, bookkeeping and occasional advice. Map…
Read MoreHow HMRC’s Focus On Private Use Adjustments Affects Your Tax Return
Tips & Advice How HMRC’s Focus On Private Use Adjustments Affects Your Tax Return Published: 04 October 2025 Reading time: ~4 minutes HMRC Targets Private Use Adjustments In Self Assessment HMRC say they raised over £27 million following a 2024 trial encouraging more accurate private-use adjustments, exposing widespread claims of disallowable private use within business…
Read MoreUninhabitable Property Stamp Duty: What Mudan Means For Buyers
Tips & Advice Uninhabitable Property Stamp Duty: What Mudan Means For Buyers Published: 26 September 2025 Reading time: ~4 minutes Why Mudan Matters For Uninhabitable Property Stamp Duty A recent Court of Appeal decision in Amarjeet and Tajinder Mudan v HMRC helps us understand how “uninhabitable property stamp duty” is applied. The couple bought a…
Read MoreYork Case: Why Rooftop Panel Installation Wasn’t Enough For EIS
Tips & Advice York Case: Why Rooftop Panel Installation Wasn’t Enough For EIS Published: 15 September 2025 Reading time: ~4 minutes What This Case Means For EIS Qualifying Requirements The case of York SD Limited and others v HMRC shows why you must satisfy all Enterprise Investment Scheme (EIS) conditions to secure the tax relief.…
Read MoreFrom First-Time Tax Return To Peace Of Mind: A Semi-Retiree’s Calm Start
Success story From First-Time Tax Return To Peace Of Mind: A Semi-Retiree’s Calm Start Reading time: ~4 minutes A Gentle Start To Going Solo In January 2024, a 54-year-old from Dudley, West Midlands, came to us for his first tax return. He had been employed all his life. As he eased into semi-retirement, he began…
Read MoreSelf Assessment CGT Adjustment: How To Correct Your 2024/25 Return
Tips & Advice Self Assessment CGT Adjustment: How To Correct Your 2024/25 Return Published: 10 September 2025 Reading time: ~6 minutes Why Some 2024/25 Tax Returns May Now Be Wrong The government increased CGT rates on 30 October 2024, and it seems HMRC’s Self Assessment system was not configured to apply the correct rate to…
Read MoreHow To Pay Yourself From A Limited Company: Salary, Dividends Or Loans?
Tips & Advice How To Pay Yourself From A Limited Company: Salary, Dividends Or Loans? Published: 12 September 2025 Reading time: ~4 minutes How To Pay Yourself From A Limited Company Just set up your business and wondering how to pay yourself from a limited company? There are three ways most owner-directors take money from…
Read MoreWhen “Reasonable Excuse” Can Quash HMRC Penalties
Tips & Advice When “Reasonable Excuse” Can Quash HMRC Penalties Published: 11 September 2025 Reading time: ~4 minutes Sayrun Lamuth v HMRC: The Case In Brief Sayrun Lamuth jointly owned a UK rental property with her ex-husband who lived overseas. They agreed she would pass her share of rent to him to hold for their…
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