The reduction in employers’ National Insurance Contributions (NICs) due to come into force next month means there may never be a cheaper time to bring fresh blood into your business – particularly the blood of young’uns. So, with a reduction in NICs for under 21s and youth unemployment at approximately 20% – much higher than […]
Most businesses incur expenses and losses while they are getting off the ground. Losing money can be a bit of a reality check at times but if you know the tax regulations it’s not all bad news. Any losses you make can be used to offset other profits in order to reduce your corporation tax. […]
The number of Brits affected by inheritance tax is set to double to 42,000 by the year 2016-17 according to experts, but it seems worryingly few of us know much about the tax at all. We’re here to put that right. Crowd pleasers to a fault, we’ve put together this guide to help you understand […]
After you’ve agreed to use a certified accountant, there are various administrative steps that need to be done to let HMRC know, and so that the accountant can do their job to the best of their ability. eir ability. We need to get various codes and reference numbers from you, and when we ask for […]
Entrepreneurs Relief is a CGT relief available to taxpayers who sell or give away their businesses. Effectively, qualifying gains are taxed at 10%, rather than the normal rates (18%, 28%). It is available to the following people: Sole traders and partners selling the whole or part of their business. Company directors/employees selling a material stake […]
If you own your own home, there is normally no Capital Gains Tax (CGT) liability to pay on the sale of the property. This applies if two conditions are met: The property is the sellers only home, or main residence. If the seller owns a second property, the following applies to the property designated their […]
Looking for a London accountant you can trust? Look no further. At Howlader & Co we are fast, efficient and always fight our client’s corner – but you’d be shocked at some of the horror stories we hear. We’ve had to battle with HMRC to ensure one of our clients received hundreds of thousands of […]
The Enterprise Investment Scheme (EIS) can really help small unquoted companies because it allows them to raise capital by encouraging investment through a series of income tax and capital gains tax reliefs. The scheme is open to all companies and investors who meet the qualifying criteria, as set out here. Tax Reliefs Income Tax In […]
Given up trying to work out what difference the 2013 Budget will make to you? You aren’t the only one – there’s a lot to take in. So, following our initial thoughts last week, we thought it was about time we picked the whole announcement apart in more detail. Read on to find out who […]
Chancellor George Osborne announced the details of his 2013 Budget today – detailing changes to taxes and investments in a bid to boost the economy and reduce unemployment. The headline news is the raising of the personal tax free allowance to £10,000 to be introduced a year earlier than anticipated. It will now come into […]
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