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Chartered Accountants

Posts tagged tax

Government prescribes a solution to d...

Government prescribes a solution to doctors’ pension predicament

Flexing contributions to the NHS pension scheme may solve the problem which has led to doctors reducing their working hours to avoid excessive tax charges in respective of pension contributions. This arises from pension tax charges for high earners. In the case of the NHS, these are consultants and GP partners. Changes to the tax […]

Limited Company Profit Extraction

Limited Company Profit Extraction

There are four main ways to release profits from your limited company. Two being short term and two long-term.   Short term solutions   The easiest way would be to take a salary from the business. The company is a separate legal entity unlike a sole trade or a partnership the director/shareholder can take a […]

Tax-Free Childcare Scheme offers up t...

Tax-Free Childcare Scheme offers up to £2,000 a year per child

You can get up to £500 every 3 months (£2,000 a year) for each of your children to help with the costs of childcare. If you get Tax-Free Childcare, the government will pay £2 for every £8 you pay your childcare provider. This is paid via an online childcare account that you set up for […]

OFF-PAYROLL WORKING RULES GOING AHEAD

OFF-PAYROLL WORKING RULES GOING AHEAD

  The draft Finance Bill clauses issued for consultation on 11 July include legislation to extend the “off-payroll” working rules to the private sector from 6 April 2020. These changes will have significant implications for workers providing their services through personal service companies and also the end user organisations that engage such workers. End users […]

Landlords on the edge

Buy-to-let landlords are being pushed over tax cliff edges, as their taxable income is increased by restrictions on the amount of interest they can deduct from their rents. Profit forecast Back in 2015 I warned that individual landlords would face huge tax bills, as the tax relief on interest and finance charges connected with letting residential […]

Testimonials

We would like to take this opportunity of expressing our appreciation of our accountants LHP, and thanking them for taking good care of our business over a great number of years.  As a family, we are the third generation with LHP, and that in itself speaks volumes.

 
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