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Forming a limited company as a buy to let landlord
- 29th June 2021
- Posted by: team-glow
- Category: General, Tax
No CommentsWhen is it ok to form a limited company for your buy to let business and when is it not? A recent report by estate agent Hamptons showed that a record number of new limited companies have been set up by landlords in 2021, revealing a 23% increase compared to the previous year. Why? When
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Last minute tips for filing your Self-Assessment Tax Return
- 28th January 2021
- Posted by: team-glow
- Category: Tax
The impact of the Covid-19 pandemic on people’s lives and livelihoods has meant that for many submitting a Self-Assessment Tax Return hasn’t been at the forefront of their mind. With a third national lockdown and schools being closed, the annual last-minute rush to submit tax returns by January 31 may not have been the No1
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Making Tax Digital: What lies ahead for VAT-registered businesses?
- 14th January 2021
- Posted by: team-glow
- Category: Tax
From March 2021 HMRC intends to transfer around one million VAT-registered businesses from the VAT Mainframe (VMF) onto their Enterprise Tax Management Platform (ETMP). This is a process known as “bulk migration.” There’s a lot of jargon there and you just want to know what it means for your business, right? It’s pretty straightforward. It’s all about
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How can R&D Tax Credits benefit your business?
- 28th August 2020
- Posted by: team-glow
- Category: Tax
How can R&D Tax Credits benefit your business? ‘What are R&D Tax Credits?’ It’s a question that should be asked more often in the world of business, especially since it’s an incentive to encourage innovation in UK businesses – a cash injection for any research and development that a business has completed. Sadly, however, unless
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IR35: What’s changed?
- 20th March 2020
- Posted by: team-glow
- Category: Tax
IR35: What’s changed? Over the last six months, many businesses who use contractors/freelancers, as well as the individuals themselves, have been under increased pressure to review their current off-payroll working agreements due to the introduction of new IR35 laws. However, Chief Treasury Secretary Steve Barclay announced 16TH March that the IR35 tax reforms would now
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Making Tax Digital
- 22nd September 2018
- Posted by: team-glow
- Category: Tax
Making Tax Digital Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs – meaning the end of the annual tax return for millions. Every individual and business now have access to their own
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April 2018/19 Tax Year Changes
- 5th April 2018
- Posted by: team-glow
- Category: Tax
April 2018/19 Tax Year Changes – What you should be aware of It is that time of year again when HMRC will implement the changes announced in the Autumn 2017 budget by the Chancellor of the Exchequer. These changes will come into effect starting from the new tax year on 6 April 2018. What has