Bambridge in the Times: How to boost your pension?

Take a read of our latest contributions to The Times, where we answer the dreaded question of how you go about increasing your pension income. 


The article features Martin Allen, a veteran Royal Navy Submariner. As a business owner, mortgage and investments, Martins tax case is not the simplest. 

View our answers at: https://www.thetimes.co.uk/article/i-want-to-boost-my-pension-income-now-nd3kxs6ms

Contact us for expert tax advice on how to increase your pension income that is relevant to you.

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What the Autumn Budget 2018 means for small businesses?
What the Autumn Budget 2018 means for small businesses?

Chancellor Phillip Hammond’s release of the 2018 Autumn Budget revealed a number of changes for small business owners.  Below is a brief summary of  some of the changes small business owners should be aware of.

 

Accountant London: What to do if you’re no longer self-employed?
Accountant London: What to do if you’re no longer self-employed?

If you have stopped trading as a sole trade or you’re ending/leaving a business partnership then you must notify the HMRC. This will trigger the cancellation of your Class 2 National Insurance. 

London Borough Developers forced to reveal profits to council
London Borough Developers forced to reveal profits to council

Currently there are over 2,200 families on the waiting list for Kensington and Chelsea social housing. Which compared to the 11,000 houses currently available, presents a huge issue for councils finding the families accommodation. The council has already spent its entire reserves of £230m on new housing for the Grenfell tower survivors, whom all fall into their borough.

Accountant London: How to reduce your stamp duty from an Accountant London
Accountant London: How to reduce your stamp duty from an Accountant London

Stamp duty is an area of much dispute and change in UK tax.  Currently, you usually pay Stamp Duty Land Tax (SDLT) on increasing portions of your property’s price above £125,000 (for residential properties, like a house of flat).


The amount of Stamp Duty you owe can vary depending on whether or not the property is your first home and the purchase is £500,000.

What are statutory accounts?
What are statutory accounts?

Statutory accounts (commonly known as annual accounts) are financial reports that must be prepared and filed at the end of each financial year. For UK private limited companies statutory accounts are a compulsory part of the tax year.

What you need to know about tax as a business owner
What you need to know about tax as a business owner

As a business owner it is important to be aware of your companies tax obligations and liabilities. There are a number of taxes that small businesses are required to pay. Below is our breakdown of the taxes you should know about as a business owner:

October 15th US Expat tax deadline
October 15th US Expat tax deadline

The October 15th US tax deadline is just around the corner. Below we have put together a brief outline of how to get started and avoid the harsh penalties of the IRS’s long arm:

 

Furniture Designer Tax Experts: Claimable expenses for Furniture Designers
Furniture Designer Tax Experts: Claimable expenses for Furniture Designers

Inspired off of the Jean Royère’s furniture designs we went to see yesterday (pictured above) in the spirit of London Design Week, we have put together a brief guide for our clients on some of the expenses you can claim as a furniture designer. 

There are generally much expenses incurred while working as a furniture designer than other freelance professionals. For instance, the cost of raw materials and machinery. Raw materials and any equipment required to assemble the furniture are all claimable against tax, assuming that you are buying both.

PAYE for your employees working abroad
PAYE for your employees working abroad

If you are based in the UK and your employees are working abroad there are slightly rule surrounding PAYE and NIC depending on where your employees are working and how long you expect them to work there.

What goes on a confirmation statement?
What goes on a confirmation statement?

A confirmation statement is a form that was introduced to replace the annual return (AR01) in June 2016. The purpose of a annual confirmation statement is to verify important company data registered on Companies House to ensure it is correct and up to date.