Category: Business Start Up

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Protect Your Assets for your Loved Ones Today – Check out these Advanced Inheritance Tax Planning Strategies

I think it’s time we walked about a topic we have put on hold for weeks. Today, I want you to picture what life will be for your loved ones when you are gone. For many of my clients, inheritance tax planning is not something they are open to talking about. After all, it is hard to envision the outcome for your family upon … Read More Protect Your Assets for your Loved Ones Today – Check out these Advanced Inheritance Tax Planning Strategies

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What’s New on Public Sector IR35 2017-18?

A lot of doctors are working with the NHS as a locum doctor and IR35 has become a big issue to most doctors. It is nearly the anniversary of the public sector IR35 rule that kicked-in from April 17. Here we have provided the updated guidelines on the tax implications if you are inside IR35 and being paid to your Ltd company, the expenses … Read More What’s New on Public Sector IR35 2017-18?

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Save Money This Year with Tax Breaks for Couples

It was Valentines Season, and as you celebrate with your significant other, I thought you could use a few pointers about how to make your status as a couple work for you – financially speaking. For this feature, couples will refer to married pairs (because marriage is recognized by the law). Here are a few tips to help you put money aside for other … Read More Save Money This Year with Tax Breaks for Couples

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Brexit: Looking at the Bigger Picture

A few interesting things happened this past week. The Eagles won the US SuperBowl for the first time in history. And EU leaders met to discuss one of the most crucial topics for UK companies: Brexit. Since I felt that this issue concerns you, I invited an expert on EU trading to offer a new perspective on what Brexit means to business owners. This … Read More Brexit: Looking at the Bigger Picture

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The Tax Season Highlight: 3 Reasons to Feel Positive About Taxes

As the taxing season comes to an end, I wanted to give you a few reasons not to dislike the taxation process. A lot of my clients are doctors and majority of them have negative feelings about tax. I understand why there would be a lot of negative emotions surrounding taxation. We work hard five to seven days a week to get our paychecks, … Read More The Tax Season Highlight: 3 Reasons to Feel Positive About Taxes

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Mid-Year Tax Planning – Allowance Maximisation

Have you considered mid-year tax planning so that you can take action in time to maximise your allowances and save tax? Mid-year tax planning is around October and there is less than 6 months till 17/18 tax year ends. A lot of people overlook things during the tax year and do not take action which causes them to not take advantage of available allowances … Read More Mid-Year Tax Planning – Allowance Maximisation

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How Not to Forget to Pay Yourself

One of the most important factors of building wealth of any kind is to start paying yourself. It does not matter the amount that you pay, even if it is a small amount, the most vital part is that it will accumulate over time. In Tony Robbins, ‘Money Master the Game’, it mentions the power of compounding where it explains that time can actually … Read More How Not to Forget to Pay Yourself

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How Cloud Technology Has Changed the Way Accounting Services Are Delivered

The rising of cloud technology has replaced a lot of labour intensive work. The old way of accounting, which focuses only on number crunching tasks, is going to be replaced by technology. But the new breed of accounting profession will look to interest their clients with the cause and prevention of high tax bills. Cloud Accounting Most of us might have been through some … Read More How Cloud Technology Has Changed the Way Accounting Services Are Delivered

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Doctors of The Future – Changing The Way Healthcare is Delivered in The UK

In this article, we will discuss doctors of the future and how technology can change the way we deliver healthcare in the UK. Dr Ali, the founder of the app DocNoc, has taken some time to sit with Hannah Xu to talk about the business and how the idea was formed. Dr Ali has been a qualified doctor since 2002 and has been working … Read More Doctors of The Future – Changing The Way Healthcare is Delivered in The UK

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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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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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Understand Your National Insurance Contributions

What is National Insurance and What is it Used For? National Insurance is one of the payroll deductions and a majority of people do have to face it at some degree. National Insurance is used to fund state benefits such as; state pension, maternity allowance and unemployment allowance. These deductions are indirectly benefiting you or benefiting you for the long-term. Who Needs to Pay … Read More Understand Your National Insurance Contributions

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