Time is running out for your online Tax return. Each year thousands miss the deadline, which means you will have to pay a late filing fee, which is an automatic £100 fine. To stop this happening every year here are five tips to help you prepare and to complete your Self-assessment Tax … [Read more...]
IHT relief for businesses and farms
There is currently a, very generous, 100% relief from inheritance tax for passing on businesses and farmland during lifetime and on death. The rationale for Business Property Relief (BPR) and Agricultural Property Relief (APR) is to enable businesses to be passed on without the need to sell off … [Read more...]
Your summer party can be a tax free benefit
Most organisations have, or plan to have, an annual Christmas party for staff. Did you know that the tax rules also allow staff parties at other times of the year which are a tax-free benefit if certain conditions are satisfied? Show your appreciation It is good to show your appreciation … [Read more...]
Making more from your school’s assets
The phrase “sweat your assets” is one that still leaves me cold and it often feels like a throwback from the 1980’s. However, in an age where Schools (and especially Academies) are struggling for cash, the phrase seems ever more relevant. What do you mean sweat your school’s assets? In this … [Read more...]
