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Tax

Saving tax by making a pension investment

Question: My company will make a small profit this year and I was thinking of making a pension contribution to save tax. What is the best way to do this?
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Inside Tax

Taxman surfs web to make enquiries on your tax return

Tuesday, 30 June 2009

People think there’s just one big government computer and all information is shared among departments. It’s just not like that.
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ISA changes mean good news for savers

Tuesday, 23 June 2009

Question: I am confused as to what I can do with my ISA allowance this year. Can you please clarify the situation as I know there were changes announced in the Budget?
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Offshore net is tightening

Tuesday, 23 June 2009

The paperwork surrounding the Budget back in April announced that there is going to be a further and final opportunity to admit to offshore income. Once this opportunity passes then the HMRC will get heavy.
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Let’s take a look at home rental

Tuesday, 16 June 2009

With the property market still slow a lot of people cannot sell houses which they wanted to shift long ago. Perhaps they have been relocated with work and are stuck with the old home, or perhaps they bought something when times were good hoping to sell at a profit a year later.
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Protecting data is always crucial

Tuesday, 9 June 2009

A client's problem has inspired me to write this week’s article. His business is the subject of an inquiry by HM Revenue and Customs. They want to know how some expenses figures were made up, and to see original invoices.
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MPs’ expensive revelations

Tuesday, 2 June 2009

Any reader who ever had his employer provide a company car or private medical cover knows what benefits-in-kind are.
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ISAs hit three-year high

Thursday, 28 May 2009

Sales of investment fund ISAs hit a three-year high during April as people were tempted to put money back into the market, research showed today.
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Businesses praise new tax initiative

Wednesday, 27 May 2009

The Federation of Small Businesses (FSB) has welcomed the introduction of a new initiative by the Inland Revenue to spread business tax payments over a longer period.
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MPs don’t find their second home taxing - just cost-free

Tuesday, 26 May 2009

Until the Daily Telegraph started publishing details about the details of what MPs claim most people were in the dark.
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Pension contributions under new tax rate

Tuesday, 19 May 2009

Q: I own my own company and will earn in excess of the new tax rate threshold of £150,000. I have been reading that my pension contributions are now restricted. Can you clarify the position and advise me what to do.
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Gone but never forgotten

Tuesday, 19 May 2009

Benjamin Franklin told us that in this world nothing is certain but death and taxes. The question then is — does dying get you off the hook?
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Tax relief for letting abroad

Tuesday, 12 May 2009

In last week’s article I mentioned a change to the furnished holiday lettings regime which slipped out on Budget Day.
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Planning your finances after the Budget

Tuesday, 5 May 2009

Q: What issues should I be considering post-Budget with regards to my overall financial planning objectives?
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Capital allowances simplified

Tuesday, 5 May 2009

Last week I set out what I believed were the most dramatic aspects of the Budget. Today I will cover a few more areas which will be of interest to readers, especially those in their own businesses.
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Looking at your tax return ahead of time

Tuesday, 28 April 2009

Q: I have just received a letter informing me that I need to complete a tax return for the tax year 2008/2009. Why have I been asked to do this and what do I need to do?
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Name and shame is the new weapon

Tuesday, 28 April 2009

The Chancellor stood up last week to make his Budget statement in a very different financial climate to when he set out his first Budget 13 months back in March 2008.
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High earners offered ways to dodge new 50% tax rate

Thursday, 23 April 2009

High earners facing the new 50% tax rate have a range of options to avoid paying the full amount into Government coffers, experts have predicted.
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Bankruptcy may not be end of the world

Tuesday, 21 April 2009

Being made bankrupt is a matter of public record and bankruptcies appear each Friday in the Belfast Telegraph and The Belfast Gazette.
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