1. Residential letting – Reduced relief for interest – Credit Steven Kirkbride

    • 27 Nov 2015
    • By David O’Donnell

    Philip Holdsworth touched on the change in the relief for finance costs in his blog on 12 August 2015, here we look at the new rules in a bit more detail. The restriction of financing costs […]

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  2. The Government’s Annual Investment Allowance Vanishing Trick

    • 02 Nov 2015
    • By David Harper

    In his 2015 Summer Budget George Osbourne announced that from 1 January 2016 the Annual Investment Allowance (AIA – the amount of annual expenditure on qualifying plant and machinery for which a tax deduction can […]

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  3. Staff Charity Snack Box hits £2,000!

    • 06 Oct 2015
    • By David O’Donnell

    In the quarter to September 2015 the staff at our Workington office raised nearly £200 for Hospice at Home West Cumbria taking donations from the Charity Snack box alone to over £2,000 since July 2013. […]

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  4. Residential property income under the microscope

    • 05 Oct 2015
    • By David O’Donnell

    HMRC’s “Let property campaign” has just entered it’s third year and HMRC are tracking down those who have not yet voluntarily disclosed any undeclared rental income. Who are they after? Basically, anyone who rents out […]

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  5. Don’t miss out on Pension tax relief!

    In this year’s Summer Budget, the Chancellor George Osborne announced a review of pensions and in particular the tax relief thereon. Currently, individuals get tax relief equivalent to the basic rate of 20% at source, […]

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  6. National Minimum Wage

    The National Minimum wage increase is due to take effect on 1 October 2015. The hourly rate will increase to £3.87 for 16-17 year olds, £5.30 for 18-20 year olds and is £6.70 for the […]

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  7. Essential Guidance for Charity Trustees

    Revised guidance for trustees has been issued by The Charity Commission. The guidance prompts trustees to consider their responsibilities and avoid minor problems becoming serious issues. It also aims to be a source of information […]

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  8. Budget 2015 at a Glance

    PERSONAL PERSONAL ALLOWANCE The personal allowance will rise from £10,600 to £11,000 from April 2016. The higher rate threshold will increase to £43,000 from April 2016. INHERITANCE TAX A £175,000 transferable threshold for residential property […]

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  9. Travel expenses for the self-employed and income tax

    Dr Samadian’s 2014 appeal to the Upper Tribunal focussed attention on the question of whether the travel expenses of those who are self-employed and who run their businesses from home are tax deductible. Dr Samadian […]

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  10. Benefits of online accounting systems

    Online accounting software packages have made the once expensive and stagnant luxury of having accounting packages a thing of the past. Reliable, affordable and jam packed with features, it’s definitely a resource all businesses should […]

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