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 […]
Tag Archives | Tax
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 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 […]
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 […]
Inheritance tax – how to minimise your liability
Small business owners who work hard to build up their businesses may feel that the current Inheritance Tax (IHT) regime is unfair. The current threshold of £325,000 will remain in place until 2015 and if you leave behind anything more than this the tax will be charged at 40% on anything extra. Inheritance Tax is […]
Am I UK Resident or Non-Resident and how does this affect my business?
In The UK, you are charged tax on: Income arising in the UK – whether or not you live in the UK, Income arising outside the UK – belonging to those who are resident in the UK; and Capital Gains which arise outside the UK – belonging to those who are resident in the UK […]
Incorporation. The big deal.
Reproduced with kind permission from Nursery Management Today March/April issue 2013 To incorporate or not to incorporate? That is the question, says Carol Cheesman, who talks readers through some of the issues you have to consider before taking – or not – the big step. You have a fledging nursery business or perhaps you’re planning […]
10 common Self-Assessment Tax Return mistakes and how to avoid them
Not everyone needs to complete a Self-Assessment Tax Return (SATR), but for those who do, it’s not always straightforward. If you need to complete an SATR, HM Revenue & Customs (HMRC) will send you a letter in April each year enclosing an SATR for you to complete. There are penalties for not submitting your Tax […]
Three things to ask your accountant before buying a house in France
Only a short train journey and ferry ride away, France is a great place to visit. But for those who want to make France a permanent home or buy a house in France to let, there are a number of tax issues to consider. We take a look at the three most important things you […]
Claiming Business Property Relief to reduce your Inheritance Tax bill
There are a number of ways to reduce your Inheritance Tax (IHT) bill. Here we look at Business Property Relief (BPR) from Inheritance Tax. Shares you own in businesses form part of your estate but BPR may allow you to pass on some of the business tax-free either through your will or when you are […]