ARE YOU STRUGGLING TO PAY YOUR TAX BILL?
The last couple of years have been financially difficult for many and the coming year will bring increased costs — not least utility bills. The…
Read MoreBlog
CAPITAL GAINS TAX – YOUR MAIN RESIDENCE MAY NOT BE TAX-FREE
The sale of every property is potentially taxable under the Capital Gains Tax (CGT) rules. When an individual sells their only or main residence, generally…
Read More
OVERPAYMENTS OF SEISS GRANTS – HMRC ARE CHASING REPAYMENTS
The Self-Employment Income Support Scheme (SEISS) came as a welcome support for many self-employed earners during the Coronavirus crisis. Initially, four grants were available with…
Read More
STUDENT STORY – Annabel
After studying business at sixth form, I found I had a keen interest in the financial side of business studies. I started working at Townends…
Read More
LET PROPERTY – CLAIMING THE FULL AMOUNT OF MORTGAGE INTEREST TAX RELIEF
Personal landlords with mortgages or loans on residential lets will be aware of the restriction on the amount of tax credit relief that can be…
Read More
‘HIGHER EARNER’ – SHOULD YOU CLAIM CHILD BENEFIT?
The ‘High Income Child Benefit Charge’ applies to an individual with income over £50,000 where either they or their partner received child benefit in the…
Read More
PAYE TAX CODING – IS YOUR CODE RIGHT?
Many employed taxpayers receive their wage slips at the end of every week/month and assume that the figures are correct – that the Code being…
Read More
New Class 2 NIC rules – make sure you don’t miss out on your state pension
One of the more welcome measures in the Chancellor’s Spring Budget was the alignment of the National Insurance Contributions (NIC) thresholds for individuals with the…
Read More
IS THE QCB DEFERRAL WORTHWHILE?
When a company is sold, it is often partly for consideration which is deferred in one way or another. Sometimes this will take the form…
Read More