In this blog, we take a look at the rules around tax relief for travel and subsistence expenses for the self-employed, company directors and for employees.
With the end of another tax year on the horizon, we outline some tax tips to help ensure individuals utilise their tax allowances and maximise their tax efficiency.
Happy New Year from TN Accountancy! We hope you had a lovely Christmas break. Once we have ushered in the new year, a lot of us turn our attention to the dreaded Self-Assessment tax return.
Childcare is expensive; however, the tax system can provide a helping hand. In recent years, there has been a shift from tax relief for employer-supported childcare and vouchers to a Government top-up scheme.
When looking for an investment property, there are various decisions that need to be made. If the intention is to let the property, one consideration is whether to go down the buy-to-let route or whether to look at a holiday let.
Regular gifts, when they can be classified as ‘normal expenditure out of excess income’ can fall under a valuable exemption which helps mitigate inheritance tax (IHT).
In England, there are 2 ways in which property can be owned jointly – as tenants in common or as joint tenants. The way in which the property is owned can have tax implications.
Following yesterday’s Budget by Rishi Sunak, our director Jack Sales caught up with James Richards, Director of Lettings and Land and New Homes at Maddisons Residential to discuss the headlines from the budget and how these will affect the property sector.
During the current 2020/21 tax year, electric company cars are a tax-free benefit. This will no longer be the case for 2021/22, but electric and low emission cars remain a very tax-efficient benefit.