The ISA season is upon us. Use it or lose it.

March 5, 2014 -

The 2013-14 tax year ends on 5th April 2014. You have until this time to pay into an ISA, a tax free savings “wrapper” where all interest or earnings are paid tax free.

There are 2 kinds of ISA

1. Cash ISA which has a limit of £5760 for the 2014 tax year.

2. Stocks and shares ISA with a limit of £11520 for the 2014 tax year.

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Jointly held property?

February 3, 2014 -

One of the most common topics discussed with clients is that of structuring property ownership and the taxation of rental income.

Where a property is rented out, any income (less deductible expenses) is subject to taxation.  The beneficial owner(s) is liable for Income tax and not the legal owner although often they are the same.

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Bath Accountant Saves you £’s urgent

January 30, 2014 -

OK here is some advice that will save you £’s – Seriously, you will thank me if you follow this advice.

1. Borrow money to buy things that go UP in value.

Your business, your house and your education. If you are cleverer than me perhaps the stock market.

Thats it – Its simple – you are done. If I could give you one piece of advice its this ……..

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Who said HMRC doesn’t listen?

January 15, 2014 -

HMRC launched a consultation process with a view to changing the VAT law. At the moment all VAT registered business have to file their VAT returns online.  The potential changes would clarify the circumstances whereby assistance would be granted to organisations or individuals who have difficulty in filing electronically.

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