Wednesday, 15 August 2018

DAILY TAX TIP: Private Lettings Relief.

DAILY TAX TIP: 

Private Lettings Relief. If you sell an investment property that was at some point your main residence, and has been let out during your period of ownership, you can look to claim private lettings relief to reduce the amount of any gain that is subject to capital gains tax. The amount you can claim is the lowest of the amount of private residence relief, £40,000 and the amount of the gain that is chargeable by reason of the letting.

Tuesday, 14 August 2018

DAILY TAX TIP: Crowdfunding Income is Taxable.

DAILY TAX TIP: 

Crowdfunding Income is Taxable. If you’re looking to raise some cash in order to launch a new product, fund a specific project, or finance the growth of your business, it might be that you’re considering using a crowdfunding site such as Kickstarter or Indiegogo. Whilst any income generated is taxable, you should be able to offset any business expenditure funded by the donations to leave the income effectively tax neutral.

DAILY TAX TIP: Put money aside for your tax.

DAILY TAX TIP: 
Put money aside for your tax. Open a deposit or business savings account and transfer a set percentage of all your income to ensure you can easily pay your tax bill.

Monday, 13 August 2018

August 2018 Tax Tips & News

Welcome...
To August's Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.

If you need further assistance just let us know or you can send us a question for our Question and Answer Section.

We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice in your own specific circumstances. We're here to help!
August 2018
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Friday, 6 July 2018

July 2018 Tax Tips & News


Welcome...

To July's Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.

If you need further assistance just let us know or you can send us a question for our 
Question and Answer Section.

We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice in your own specific circumstances. We're here to help!
July 2018
· MTD update
· EU mandatory tax disclosure rules take effect
· CGT payment date under consultation
· HMRC continue to face issues with TRS
· July questions and answers
· July key tax dates


Wednesday, 13 June 2018

Hillmans Accountants Launches Tax and Business Advice Surgery in Weston-super-Mare

Hillmans Accountants Launches Tax and Business Advice Surgery in Weston-super-Mare
We have just launched our new ‘Tax and Business Advice Surgery’ at our office in Worle, Weston-super-Mare.
The surgery offers free one-hour consultations for both businesses and private individuals, and provides professional, independent advice on a wide range of tax and general business planning and accounting issues.
The service is completely free to any local business owner or private individual who would like some professional tax or business advice.

Friday, 1 June 2018

June 2018 Tax Tips & News



Welcome...
To June's Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.

If you need further assistance just let us know or you can send us a question for our Question and Answer Section.

We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice in your own specific circumstances. We're here to help!
June 2018
· Using tax to keep employees healthy
· Investors' relief
· IT contractor wins IR35 case
· Corporate offences guidance updated
· June questions and answers
· June key tax dates