CIS compliance for property developers
Barking Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. The Construction Industry Scheme (CIS) is a scheme whereby contractors of building firms are required to deduct tax at source from payments made to sub-contractors...
Super-deduction for capital expenditure
Romford Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. To encourage companies to invest, enhanced capital allowances are available for expenditure incurred within a limited two-year window. As an alternative to the...
Tax allowances frozen until April 2026
Havering Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. The financial impact of the Covid-19 pandemic is unprecedented and borrowing levels in 2020/21 of 16.9% of GDP represent the highest level of peacetime borrowing....
Lockdown 2.0 – Can your holiday let still count as a FHL?
Harold Hill Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Hard on the heels of a series of local lockdowns, England entered into a second national lockdown from 5 November 2020 to 2 December 2020. Separate...
Renovating the holiday let during lockdown
Gidea Park Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. The Covid-19 pandemic has hit the hospitality and leisure industry hard. Landlords with furnished holiday lettings have been unable to let their properties for...
Gift aid – Beware if your income falls
Wickford Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Where a Gift Aid declaration is made, the recipient charity or community amateur sports club can claim back basic rate tax on the donation. The donation is...
Tenant in common v joint tenants – What is the difference and does it matter?
Billericay Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Under English law, there are two ways in which property can be owned jointly – as tenants in common or as joint tenants. The way in which the property is owned...
Family Investment Company
Barking Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. Family Investment Companies (FIC) offer a tax efficient way to retain control over assets and still pass them on to the next generation. By providing a degree of...
National Insurance 2021/22
Laindon Accountants, Trueman Brown, like to keep their client's up-to-date with the latest developments. The 2020/21 tax year starts on 6 April 2021. From that date, new thresholds apply for National Insurance purposes Employees and Employers Employees pay primary...
Property Rental Expenses
Hornchurch accountants, Trueman Brown, are a small firms who believe in keeping their clients up-to date with the latest developments. As a landlord, the lower the taxable profit from your property rental business, the less tax you will pay. As allowable expenses are...