by Thomas Nock Martin | Mar 5, 2021 | Tax
Business owners often do their own accounting and bookkeeping to try and save money. However, this regularly backfires. Here’s why you need to get an accountant for business tax services, and how to get the best value for money when using one. Keeping on top of the...
by Thomas Nock Martin | Jan 4, 2021 | Tax
How can you secure IHT business property relief? Any ownership of a business, or share of a business, is included in the estate for Inheritance Tax (IHT) purposes. However, a business can qualify for relief from inheritance tax. Business Relief reduces the value of a...
by Thomas Nock Martin | Dec 5, 2020 | Tax
In April 2015 pension freedoms represented a major shift in how you can access your pensions. It means if you are aged 55 and over, you can take the whole amount as a lump sum and pay no tax on the first 25%. The rest is taxed as if it were a salary at their income...
by Thomas Nock Martin | Nov 28, 2020 | Tax
It’s human nature to want to save money whenever realistically possible, and paying less in taxes is one way to achieve that. Figuring out what expenses are tax deductible, and the complexities of the tax system, can be a frustrating process. So, is business...
by Thomas Nock Martin | Jul 12, 2020 | Tax
What is a Furnished Holiday Let? A Furnished Holiday Let is also known as an FHL. It is a certain type of rental property classification in the UK and Ireland (and some European countries). As a holiday let owner under this classification you are entitled to certain...
by Thomas Nock Martin | Jun 30, 2020 | Tax
As a landlord you are entitled to claim a tax reduction on the cost of the equipment you use in property rental businesses. But do you know what landlord expenses can be claimed for rental property? Many of you are missing out on tax relief that you are within your...
