Business Cessation or Change of Accounting Date? Don’t Forget Overlap Relief

If you are self-employed and your accounting date is not 31 March or 5 April, i.e. in line with the tax year, then you could have overlap profits. Overlap profits are best illustrated through an example, so let us use a business which commences on 1 July 2016 and prepares its first set of accounts … Continue reading Business Cessation or Change of Accounting Date? Don’t Forget Overlap Relief

Tax Saving Strategies To Implement Before 5 April and our Spring Newsletter

If you would like to discuss any of the topics mentioned in our newsletters, please don't hesitate to contact us on 01633 871122. Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Tax Saving Strategies To Implement Before 5 April and our Spring Newsletter

Keep up to date with tax matters and explore some of the tax saving opportunities with our recent newsletters. Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

New Pension Rules Can Save Inheritance Tax

Major changes to the pension rules came into effect on 6 April 2015 which can have considerable benefits for inheritance tax. Under the previous system, when someone died over the age of 75 without having spent all their pension funds, the money was normally taxed at 55% (unless a spouse or civil partner or dependent … Continue reading New Pension Rules Can Save Inheritance Tax

How Pension Planning Can Help Retain Child Benefit And Save Inheritance Tax

If you or your spouse/partner has an income between £50,000 and £60,000, your child benefit is clawed back at the rate of 1% for every £100, and for those earning above this, the claw back equals the whole amount of the benefit received. By making additional pension contributions, you could retain child benefits. For example, … Continue reading How Pension Planning Can Help Retain Child Benefit And Save Inheritance Tax

Saving Tax Before The 5 April Year End

Our Tax Saving Newsletter is now available here: Green & Co Tax Saving Newsletter It includes: Capitalising on personal allowances Making tax-efficient savings and investments Tax-efficient pension planning Extracting profits – tax-efficiently Considering your company car