Welcome…The Budget included some tax increases that were almost inevitable with a 50% rate of income tax for those earning over £150,000, higher rate tax relief for pension contributions reduced and the favourable tax regime for furnished holiday lettings withdrawn from April 2010.

Some businesses will benefit from an extension of loss relief and a limited increase in capital allowances, whilst individuals will be able to put more into ISA’s but otherwise tax breaks are thin on the ground.

As with any Budget further details are likely to emerge in the next few days so please contact us if you have … Continue Reading

Welcome to April’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 Corner. We are committed to ensuring all our clients don’t pay a penny more in tax than is necessary.

Please contact us for advice in your own specific circumstances. We’re here to help!
Traps in the VAT Flat Rate Scheme
The Taxman likes to encourage small businesses to join the flat rate VAT scheme. This scheme simplifies … Continue Reading