The past year and a half has been riddled with changes as far as the accounting and taxation world has gone. But with HMRC keen to introduce more changes for the self-employed from 2022 most business owners are worried about what exactly these changes may entail. After all, no business owner wants to risk a HM...

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August 26, 2021

Capital Gains Tax or CGT is that tax that is paid on profits that are made when an asset is sold or disposed of. The gain is what is taxed and not the amount that has been received on the asset. CGT comes into play when assets like personal possessions worth around 6000 or above are sold. This would not include a car. Property that is apart from your main residence too woul...

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August 24, 2021

Passing on one’s belongings be it monetary gifts, jewellery or property is the one solace to moving beyond the veil. However, the best distribution of that inheritance doesn’t just mean the proper allocation among your close ones by the memory of merit alone but also it is a high financial decision. After all, the inheritance in most cases is a means of support ...

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August 09, 2021