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Business owners around the world are always doing a juggling act to keep their businesses running. They are managing the day-to-day needs of their businesses, hiring and training staff, planning for growth and expansion as well as the myriad of other tasks that are their responsibility as the owner.

“The wise young man or wage earner of today invests his money in real estate.”

The process of paying off your home can be long and arduous and in financially leaner times, be stressful. As you near that long-sought-after prize of homeownership, you may be wondering why you are still required to pay property taxes if you own your home outright.

Inheriting a property after the death of a family member or loved one is always a trying time and hopefully, there is an estate agent available to help you with any questions you have. Nevertheless, there are legalities and administrative situations that must be addressed by the beneficiary of an inheritance. One of these is Inheritance Tax.

The process of selling a plot of land can be long and challenging for many reasons. There are the extensive legal procedures that are required anytime you are selling a property. Looking for a buyer, even if you have a real estate agent, can be mentally and emotionally draining. On top of all that, anytime there are large sums of money at stake or to be moved around, your stress levels can go through the roof.

Letting a property is a fantastic way to add an additional stream of income to your household. Investment properties can create cash flow, add to your net worth, and help you build generational wealth that you can pass on to your future generations.

Need some direction on how to lower your tax liability from property sales this year? Check out this guide for 10 simple tips to help get tax relief in 2022.

Everyone is looking for the perfect investment. No matter the state of the economy at any given time, the search for stable and consistently profitable investments leads people to real estate. Owning property has continued to be one of the smartest investment choices for any investor to make.

If you decide to run your business as a sole trader, rather than a limited company, then your tax obligations differ in several ways. Understanding your tax obligations can be a tricky matter. Let’s take a look at what you need to know.

Following our blog on Inheritance Tax in the UK, we decided to dig a little deeper on one of the more complicated aspects of it: inheriting property.

The most important element when it comes to financial planning for your business is your budget.

Spring is on the way! Along with the longer days we’re really enjoying seeing spring flowers starting to bloom. If the brighter weather and budding flowers are evoking the idea of fresh starts for you, you might find yourself day-dreaming about calling time on the 9-5 office life and opening a small local business. If we were doing that, one of the top ‘places to open’ on our list would be a cute neighbourhood florist. But as with all small businesses, there are lots of things to consider that may not be apparent at first fancy – here are some tips and truths about the quirks involved when you open a florist business.

How and when relief is available?

Most of us would prefer that our loved ones receive our wealth when we die, rather than the taxman. But with property becoming more expensive, more people than ever are becoming liable for inheritance tax.

In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of directors loan account transactions is required, including dates.

Draft legislation to be included in the next Finance Bill will make important changes to the calculation of Capital Gains Tax private residence relief. As announced in the Autumn 2018 Budget, there will be a reduction in the final period exemption to just 9 months and stricter conditions for letting relief to apply.

The start of the new tax year means that shareholder/ directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers national insurance contribution (NIC) liability which means that where the company has not used this allowance it may be set against the employers NIC on directors’ salaries.