If you’re thinking of buying an existing brand from another business in order to boost your company’s profile, the good news is that there’s a tax-efficient way to do it.
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If you plan to avoid Inheritance Tax by giving your holiday home to the younger members of your family, but still intend to use it from time to time, the Taxman has anti-avoidance rules to foil this
arrangement. How can you dodge these?
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These days if you’re in business and you want customers to find you, it’s almost essential to have your own website. But the Taxman is very picky about allowing tax deductions for the cost of setting
one up. How can you maximise your claim?
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PAYE pooling.. PAYE merge. The Taxman intends to give connected businesses the right to operate a single PAYE system instead of having to operate one for each. This sounds like a sensible idea and
could certainly save time and administration costs. However, the idea is still on the drawing board. Consultation. There are several important questions that...
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In a recent appeal case the Taxman argued that the right to send in a substitute wasn’t the key factor in deciding a worker’s employment status because there were conditions attached. What was the
tribunal’s view?
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Depending on the circumstances, VAT deregistration can be compulsory or voluntary. Either way, the trouble is that the Taxman expects you to account for VAT on the value of all the assets your
business owns. How can you minimise this bill?
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EIS increase in tax relief gets a green light.. News recap. In the last Budget the Chancellor announced major changes to the tax relief available on Enterprise Investment Schemes (EIS): from April 6
2011 income tax relief was increased to 30% of the amount invested; it was previously 20% the maximum EIS investment per year an individual can make increases...
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Dual SIM mobiles are gaining popularity, particularly with business users. But if you decide to switch your company phone to one of these devices, might you be jeopardising your tax exemption?
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Where you make capital losses in the same year as gains, the two can be set against each other to reduce your tax bill, but losses can’t be set against gains from a previous year. Is there something
you can do to achieve the same result?
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The Taxman’s instruction manuals say he should challenge companies that pay salary to a director’s family just as a way of avoiding tax. Is there a legitimate way of paying them which can achieve the
same result?
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