Link4Business

How to Maximise Your Capital Allowances

Any business can claim tax allowances, called capital allowances, on certain purchases or investments. This results in a reduction in the business tax bill – which can’t be bad.
In general capital allowances are available on plant and machinery, buildings – including converting space above commercial premises to flats for renting – and research and development. [...]

How Much Can I Put In An ISA?

I’ve suddenly had a lot of people contact me to ask the above question regarding the tax free ISA (Individual Savings Account) products that are available to UK taxpayers.
This is probably due to changes that came in last month. If you don’t know what an ISA is then have a look at this earlier article.
Currently the [...]

Thousands Hit by Tax Refund Scam

Her Majesty’s Revenue & Customs (HMRC) has issued a warning that fraudsters are sending out fake e-mails promising rebates.
 
An estimated five million people filed their tax returns online last month and now many of them are receiving emails which purport to come from HMRC saying there has been an error in calculating their tax and [...]

Using a Limited Company to Save Property Tax

Deciding on whether it would be beneficial for a property investor to use a Limited Company can be quite complicated.
A lot will depend on your personal circumstances but also on what type of property business you are engaged in. For example if you buy property to renovate and then sell on at a profit you, [...]

Quick Guide to Individual Savings Accounts (ISA’s)

An Individual Savings Account (ISA) allows any UK taxpayer aged 18 or over to save up to £7,200 each year (for 16-17 year olds this is £3,600 cash) and not pay tax on the income they receive from the investment.
They are now a permanent feature of the UK savings landscape.
Tax Advantages of ISAs

All income from the ISA [...]

Ten Simple Ways to Save Tax

Here are some simple ways to save tax:

Keep accurate accounting records, remember to note down all business expenses;

File your tax return before the 31 January and avoid unnecessary fines;

Pay your tax on time so avoiding having to pay interest as well as a 5% surcharge;

If you are married consider organising your investments so that investment [...]