Tag: income tax

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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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Organise Your Finances the More Efficient Way

Dear Client, I hope you had a great week. Last time I was in your inbox, we went through how you can discover your ability to create wealth. This week, I picked out a topic that I hope will help you get through the tax season without any hitches. Do you sometimes look through your books and wonder how to put all your finances … Read More Organise Your Finances the More Efficient Way

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Discover Your Ability to Create Wealth

Happy New Year! I hope you had a great holiday and are looking forward to trying out new opportunities this year! As we move on to 2018, I just wanted to let you in on a few things. First, new year, new me, new us! We are rebranding our firm and the weekly LIVE show on Facebook. I will be showing up every Monday … Read More Discover Your Ability to Create Wealth

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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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Making Tax Digital: Are You Ready for the Quarterly Tax Reporting Duties?

Are you tired of working long hours to fund your tax bill? There are a lot of people who may feel as though they would need to work more shifts in order to fund their next tax bill, this is a short-term solution but it is tiring as well. When you are working seven days a week for a month you will have an … Read More Making Tax Digital: Are You Ready for the Quarterly Tax Reporting Duties?

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Straighten Out Your Rental Income Tax

There are more medical professional clients who are looking to start property investment. It is important to be aware of the tax implications when you rent out a property and how different it is tax-wise when you rent it out. This is a guidance focusing on when you do not have to declare rental income in your tax return, buy-to-let tax changes and options … Read More Straighten Out Your Rental Income Tax

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Understand Your Payslips

  What is the number you care about the most when you receive a payslip? That would be the net pay for most people. But your payslip is more than just the net pay! In this article, we will guide you through what are included in the payslips you receive, what are the deductions, tax codes, etc., in order raise awareness so you can … Read More Understand Your Payslips

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