ShareChina or Japan? My Investment Choice
So…will it be sushi or dim sum? A friend said he was looking at investing in Japan and felt the country could return above-average returns along with moderate risk. He asked my opinion. Quickly, before he was able to finish his question, I said “China” without any hesitation. Buy Chinese stocks I said. … Read more.
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HMRC Enquiries
It is an unfortunate fact of life that you may find yourself or business under enquiry by HM Revenue and Customs (HMRC), through no fault of your own or your accountant. HMRC enquiries can be random of for various reasons. HMRC normally don’t have to give a reason as to why they are enquiring into … Read more.
Tax Breaks – Obtaining A Deduction For Giving A Vehicle
Should you one of the US tax payers that make a list of their breaks on the tax statements each year, and you’ve got a classic vehicle you want to eliminate, giving it to some charitable organisation for any tax break may well be a excellent idea. You won’t just be enhancing the charitable organisation … Read more.
Categories: Taxes Tags: tax deduction
Innovative Tax Relief – Useful Info And Tips
Write-offs, tax breaks or anything that lessens the amount of tax you pay – that is how innovative tax relief is. Tax relief is savings on tax which can be capital gains losses, pension contributions, business losses, and other allowable deductions. It is offered in different levels which are federal, local and state. This is … Read more.
Categories: Taxes Tags: innovativetaxrelief
It’s Christmas Time Mr Taxman!
It’s that time of year when staff parties abound, and you may be thinking of handing out small seasonal gifts to employees, customers or suppliers. Before you get too generous, make sure you know the tax implications. Entertaining your staff is tax allowable as long as the entertaining is not part of an event aimed … Read more.
Categories: Taxes Tags: accountants?, benefits in kind, staff gifts, staff parties, tax
2010 Autumn Statement
The Chancellor George Osborne delivered his Autumn statement on 29 November 2010, but this was NOT a Pre Budget Report full of tax information as we had come to expect from Gordon Brown. George Osborne was primarily responding to the report from the Office of Budget Responsibility (OBR) which was released earlier the same day. … Read more.
Categories: Taxes Tags: budget, corporation tax, income tax, personal allowances, UK Tax
5 Tips To Reduce The Impact Of A HMRC Tax Enquiry
This article relates to the UK self-assessment system for individuals and partnerships. Once your tax return has been filed HMRC have the option to review it and look at the underlying records. This may either be only part of the tax return, known as an “aspect enquiry” or all of the tax return, known as … Read more.
Categories: Taxes Tags: fee protection, HMRC enquiry, tax, tax enquiry, UK Tax
Changes To UK Tax Credits
This article relates to the UK tax system and more specifically the Child and Working Tax Credits and the anticipated changes to the system. The UK system of Child and Working Tax Credits is due to be reformed over the next few years, and it is expected a new benefit called Universal Credit will replace … Read more.
Categories: Taxes Tags: tax, tax credit help, tax credits, UK Tax, UK tax credits
Answers To UK Tax Questions
This article relates to UK taxation. Q. My husband inherited a house in 1986 when it was worth £40,000. He gave me a half share in the property in 2009 when it was worth £450,000. We sold the property in December 2010 for £460,000, but we never lived there. How do I calculate my share … Read more.
Categories: Taxes Tags: tax, Tax Questions, Tax Questions & Answers, UK Tax, UK Tax Answers
More PAYE Reconciliations
This article is written by a UK Chartered Accountant and relates to the UK tax system. In October and November last year the news was that the Taxman was issuing 6 million tax reconciliations (forms P800), for the tax years 2008/09 and 2009/10. This process is still not complete, but the Taxman has started to … Read more.
Categories: Taxes Tags: paye, paye code, paye errors. UK tax, paye help
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