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Will be putting articles on how you could reduce your your tax liability here. Use the contact us form if you have any specific questions.
Happy new tax year! Well, I know what you are thinking, happy and tax should never be used in the same sentence! But in this case I can be forgiven for doing so. The start of the new tax year brings with it the opportunity to invest an amount up to £20,000 completely tax …
Coca Cola is a never sell stock. It is one of those businesses that has been around for 100 years and will be around for 100 more. The soft drinks industry doesn’t change fast. My grandad drank Coke, so did my dad and so do I. I am sure my kids and grand kids will …
Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100. If they paid their bill the way we pay our taxes, it would go something like this… The first four men (the poorest) would pay nothing. The fifth would pay £1. The sixth would …
Taxes. Not many people like to pay them. But it is a regulatory requirement for every individual who earns income to pay tax on it. After all, tax is the price you pay for living in a civilised society. Every year, self employed individuals – as well as any person earning money outside their job …
A question I get asked often is ‘do you pay tax on accumulation funds?’ The simple answer is yes, you need to pay tax on accumulation funds if they are held outside an ISA or SIPP (Pension) wrapper. You will need to pay income tax on any distributions and capital gains tax on any …
Having worked in the finance department of a multinational organisation,I assumed that it was common knowledge that individuals as opposed to companies foot the bill for Corporation Tax. But judging by my social media accounts over the past weeks, it seems that most of the public fail to realise this. I have heard arguments that …
The thought of being hit with hefty taxes when you enter you reach retirement is a bitter pill to swallow. But there are ways to legally reduce taxes in your golden years. You can actually generate a six figure tax free income if you start planning early and make use of the tax wrappers and …
Ever since Donald Trump got elected as the president of the United States, there has been constant chatter in the corporate world about the US reducing its corporation tax rate. President Trump wants to reduce the corporation tax rate in the US to 15%. This is music to Wall Streets ears as it would mean …
One of my new year’s resolutions has been to give my finances a spring clean, so I kicked off by transferring my pension to Hargreaves Lansdown. In this post, I detail what options people have when transferring pensions. The process of transferring a pension, how long it takes and what assets you can invest …
With tax season upon us and the online deadline of 31st January for Self Assessment (SA) returns quickly looming, this seems a good time do a post on how to complete and SA return. Many people who need to submit an SA return and normally left confused about how to go about doing it online. …