Tax planning for commercial property owners tends to be focused on issues related to mortgage interest, rental profits and corporation tax. However, one of the most frequently missed areas of opportunity is capital allowances on commercial properties. Thousands of...
Limited Company ownership is quickly becoming common in the UK property market, more specifically, SPV (Special Purpose Vehicle) ownership for property purchases. Many property owners/investors now purchase buy-to-let properties through an SPV company to enhance their...
As short-term rentals across the UK grow, VAT treatment of Airbnb income is a more vital consideration for property owners. The rules are not always simple. Some hosts are outside the scope of VAT entirely, while others could be liable to register for it as their...
It is very important for anyone investing in property, whether a landlord or running a business, to understand what the implications of stamp duty will be when purchasing property via a limited company structure. Although there can be tax benefits with a limited...
The United Kingdom's income tax system has been progressing toward a fully digitalised system for a while now. Many Directors of Limited Companies followed familiar processes when complying with their tax requirements, such as keeping proper records and preparing...
The transformation of the UK Tax System is happening through a digital process. A key part of this is Making Tax Digital for Landlords (MTD), which has been put in place as part of the reform. All landlords who receive their income through rent must use a digital...
In order to maintain a strong financial position, effective management of taxes is a vital step for all dental associates. While their income will generally be high, how that income is structured and reported can have a significant impact on the amount which will...
Controlling VAT from imports is one of the most challenging elements of operating an international business in the United Kingdom. Fortunately, the introduction of a “Postponed Imports VAT Statement” system has made it much easier for your cash flow and compliance...
Most people think of an accountant mainly when they want to do their taxes, but accountants do way more than just prepare and file taxes for businesses. An accountant also maintains the company's financial records and prepares multiple reports that accurately depict...
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