Personal Tax Planning Part 2: Capital Gains Tax Planning

Personal Tax Planning Part 2: Capital Gains Tax Planning

Planning for Capital Gains Tax Put simply – as we’re sure the vast majority are aware of what CGT is by now –  Capital Gains Tax is a tax allocated against the profit made when selling an asset that has increased in value.  It is only the gain that is...
VAT Deferral Payment Plan Scheme

VAT Deferral Payment Plan Scheme

Over half a million businesses deferred their VAT payments in 2020 taking advantage of the government’s support during the Coronavirus crisis.  In order to help businesses to make these deferred VAT payments, the government has recently set-up a HMRC portal to join...
Personal Tax Planning Part 1: How to Reduce your Income Tax

Personal Tax Planning Part 1: How to Reduce your Income Tax

When it comes to your personal finances, we know every penny counts.  Depending on your circumstances there are certain planning activities you can do to take advantage of various tax reliefs and reduce your tax liability. Early tax planning activities can ensure you...
2021 Budget Breakdown

2021 Budget Breakdown

There has been an increasing level of expectation on the 2021 budget among many who have been suffering as a result of the pandemic and other factors, particularly among many of the 3 million forgotten self-employed individuals who have thus far received little to no...
Do I need to Complete a Self Assessment Tax Return?

Do I need to Complete a Self Assessment Tax Return?

If you’ve recently started earning additional income, come into some money, or have received gains from any investments, you may be required to declare it to HMRC and complete a Self Assessment tax return.  If you’re wondering whether you may or may not need to...