On 5th April 2015, the rules relating to Capital Gains Tax changed. These changes will affect you if you are currently non-UK resident and you own residential property in the UK. If that’s you – then you need to take action now. Failing to do so could mean you end up paying more tax if […]
Archive | Tax
Are commercial woodlands a good place to invest surplus business cash?
If you have surplus cash then it makes sense to invest it and get it working for you. There are, of course, many ways to do this. With interest rates remaining low for the moment, buying woods or a forest is becoming increasingly popular. Recently the value of commercial woodlands has been increasing and they […]
Buying or Selling?
Reproduced with kind permission from Nursery Management Today May/Jun issue 2014. Other articles from their latest issue can be downloaded by following the link above. The most significant change nursery owners are likely to face is expansion or the sale of their business. Carol Cheesman advises on the financial implications of these life-changing decisions. This […]
How will the new VAT changes affect your business?
First published in the June Issue of the Hertfordshire Business Independent VAT is set to change on 1st Jan 2015. So how will this affect your business? Carol Cheesman of Cheesmans Accountants explains the changes and offers some advice for business owners Business-to-consumer traces will be required to charge VAT. at the applicable rate, in […]
How SEIS could help your small business (two years on)
The Seed Enterprise Investment Scheme, also known as SEIS, has so far helped over 1,000 companies raise finance. Private investors have invested over £82 million through the scheme. The SEIS offers tax benefits and encourages investment in small and early stage companies by reducing the risk of investing in these types of companies. In this […]
How will spending time abroad affect my tax and business?
If I spend time abroad how does this affect my tax and business? If you spend a lot of time working abroad – it could affect your tax status. So it’s important to understand whether you are UK Resident or Non Resident. Determining your status could cut your tax bill but it’s often not as […]
Planning to set up a company abroad?
Are you planning to move you and your business abroad? Maybe it’s a choice to improve your quality of life, or perhaps your partner has a new job and that’s the impetus for the move. Either way, there are a few mistakes that far too many people make. Make sure you’re not one of them. […]
Five questions to ask your accountant before buying a property in France
Only a short train journey or ferry ride away, France is a great place to visit. But for those who want to make France a permanent home or buy a property to let, there are a number of tax issues to consider. In an article for enforbusiness.com ‘Five questions to ask your accountant before buying […]
Tax and investing in France
Whether you are buying a property in France for a permanent move or as an investment, you need to consider the tax implications before you sign on the dotted line. In Tax and investing in France, an article written for propertysales.com, Holly Clift-Matthews suggests there are three questions you must ask your accountant before purchasing […]
Seven ways to reduce your Capital Gains Tax bill
Making a capital gain is usually good news – but it can also come with a hefty tax bill. So, whether you are selling all, or part, of your business, or some other assets (for example property or shares) it’s important to plan for capital gains in order to minimise the tax liability. In an […]