It is a question we are often asked, mainly from a tax point of view of course, and you will probably not be surprised if I say the answer is generally ‘it depends’! writes Pearson May partner Nick Oliver FCA FIoD Changes in recent years increasing the taxable benefit rates across the board...
Each week Bath Business News teams up with Bath accountancy firm Pearson May to bring you the top national finance stories. Deadline reminder: payments on account The second deadline for payments on account is July 31. Find out how to pay here How to save for your first home Some 32,200 first-time buyers took...
The rent-a-room scheme was introduced by the government in 1992 to encourage individuals to take in lodgers by offering them favourable income tax treatment on the rental income received. It cannot be applied to rooms let as an office or otherwise for business purposes. Ordinarily, any rental income received by an individual is taxable...
Each week Bath Business News teams up with Bath accountancy firm Pearson May to bring you the top national finance stories. Managing summer childcare costs Take the stress out of arranging holiday childcare with government support. Find out how here How to find your business successor Who takes the reins when you leave your...
Each week Bath Business News teams up with Bath accountancy firm Pearson May to bring you the top national finance stories. The inheritance dilemma: To bequeath or spend? Most retirees choose to bequeath wealth rather than spend. Read our guide here How to make company cars work for your business Can lower-emission cars really...
Most of you have probably heard of Capital Gains Tax (CGT), but how much do you know about the situations in which CGT is charged? You could be forgiven for thinking that it’s only payable when you sell an asset which is chargeable to CGT (e.g. a rental property) and realise a ‘profit’ on...
Each week Bath Business News teams up with Bath accountancy firm Pearson May to bring you the top national finance stories. Maximising your retirement income Creating a plan to make the most of your pension savings. Find out more here Should your business take on an apprentice? Hiring trainees...
Each week Bath Business News teams up with Bath accountancy firm Pearson May to bring you the top national finance stories. How to survive a HMRC investigation What to do if your business comes under investigation. Read more here The process for receiving inheritance Half of people expect inheritance windfall...
Each week Bath Business News teams up with Bath accountancy firm Pearson May to bring you the top national finance stories. Handling late payments Nearly half of small frms have been ‘menaced’ by late payments. Read how to handle it in your business here Savings for children How will a child’s savings be taxed?...
Each week Bath Business News teams up with Bath accountancy firm Pearson May to bring you the top national finance stories. Giving to charity: a guide for donors We’re suggesting four tax-efficient ways to donate to charity. Read our guide here Benefits in kind: reporting and paying tax What you may...
