A different method of paying tax
Local accountants and tax advisers, Trueman Brown, advise taxpayers to find out how to make regular payments towards your tax bill. Tax payments for the self-employed or those who declare their income under self-assessment are payable by 31 January and 31 July every...
Class 2 National Insurance voluntary contributions are no more
Local accountants and tax advisers, Trueman Brown, advise self-employed taxpayers of the new National insurance rules for the self-employed. Class 2 NICs are flat-rate contributions payable by the self-employed, currently charged at a rate of £3.45 a week. Non-payment...
Capital gains tax on separation and divorce
Local accountants and tax advisers, Trueman Brown, advise local taxpayers about the availability of the Capital Gains Tax 'no gain/no loss' rules on separation and divorce has been extended from 6 April 2023. Spouses and civil partners enjoy certain tax breaks,...
Are you entitled to small business rate relief?
Local accountants and tax advisers, Trueman Brown, advise local businesses about small business rate relief. Business rates are charged on non-domestic properties like shops, offices, warehouses, factories and holiday rentals or guest houses. However, if your...
Is an alphabet share structure still worthwhile?
Local accountants and tax advisers, Trueman Brown, advise taxpayers whether an alphabet share structure remains beneficial. In an alphabet share structure, each shareholder has a different class of share. For example, one shareholder may have A ordinary shares,...
Using dividend waivers as a tax planning tool
Local accountants and tax advisers, Trueman Brown, advise taxpayers how the use of dividend waivers can be used for effective tax planning. If used correctly, dividend waivers can be an effective planning tool, particularly where one shareholder is a higher-rate or...
Mortgage interest and tax relief
Local accountants and tax advisers, Trueman Brown, advise landlords that the way in which tax relief is given for mortgage interest depends on the type of let.. Many landlords purchase their investment properties with the aid of a mortgage. In the current climate of...
Take advantage of the limited window to save SDLT
Local accountants and tax advisers, Trueman Brown, advise higher residential and first-time buyer that SDLT thresholds apply until 31 March 2025 and that there are potential savings of completing a house purchase in this window. In the ill-fated mini Budget, the then...
Reduction in the dividend allowance
Local accountants and tax advisers, Trueman Brown, advise entrepreneurs about the consequences of the reduction in the dividend allowance. The dividend allowance is available in addition to the personal allowance. It allows all taxpayers regardless of the rate at...
Should I pay Class 2 NIC voluntarily?
Local accountants and tax advisers, Trueman Brown, advise self-employed traders whether they should pay Class 2 National Insurance contributions. Entitlement to the state pension and certain contributory benefits depends on an individual having paid, or been credited...