Month: September 2017

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Tax Breaks for Going Green

Do you know that you can pay less tax by making more environmentally friendly choices? The government has put forward a few tax incentives for taxpayers to choose to go green. These tax incentives include tax breaks for choosing low emission cars, the cycle to work scheme, etc. This article will also cover how the Government has made the tax system more helpful for … Read More Tax Breaks for Going Green

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Tax incentives that encourage you live a healthier lifestyle​

“Tax is there to encourage people to behave a certain way.” That is what I’ve learnt from Rich Dad Poor Dad concept (Tax-free wealth).  There are currently tax breaks available that encourage people to make healthier lifestyle choices. Here are some tax breaks that government uses to incentives people to live a healthier lifestyle. Tax incentives related to health for employees and company directors  … Read More Tax incentives that encourage you live a healthier lifestyle​

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The Art of Utilising Business Losses to Minimise Tax

What to do if the business is making a loss? This is a guidance on how to use business losses to offset other taxable income to save tax. There are slightly different rules between incurring losses as a sole trader and as a company. And there are rule changes for corporation tax loss which was brought forward from April 2017. Business Losses as a … Read More The Art of Utilising Business Losses to Minimise Tax

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Health is Wealth: Looking After Your Health for Busy Professionals

‘Health is the Ultimate Wealth!’ It costs the NHS more than £11 billion a year to treat the diseases that are related to poor lifestyle choices! (Public Health England) When we are thriving to build wealth, it is easy to forget that ‘Health is the Ultimate Wealth!’ However, the good news is, most of the chronic diseases can be prevented by healthy lifestyle choices. … Read More Health is Wealth: Looking After Your Health for Busy Professionals