The way tax is paid on dividends to directors and shareholders is changing from April 6, 2016. The old method of basic rate tax credits cancelling out income tax is scrapped in favour of the new … [Read more...]
What buy to let tax changes mean to landlords
Buy to let landlords need to understand some big property tax changes that are on the way from April as they may affect the profitability of their portfolios. Now is a good time for landlords to … [Read more...]
What to do if your tax return is not ready on time
The deadline for filing self-assessments is midnight on January 31 – but what can you do if your tax return is not ready on time? HM Revenue & Customs (HMRC) is unlikely to listen to many … [Read more...]
September Tax Update
Churchill Tax Advisers successfully settles on a long standing tax investigation This was a case referred to us by another firm of accountants. The client had been under tax investigation for a few … [Read more...]
Pension savings tax relief limits – Annual Allowance and Lifetime Allowance
To qualify for tax relief the total amount of your pension savings must not exceed the Annual Allowance limit in any tax year, so you or your contractor accountants may need to keep an eye on … [Read more...]
Tax advantages of claiming pension from your company
To qualify for tax relief, company pension contributions must be made for genuine employees of the business. As most contractors are directors of their own contractor company they will legitimately … [Read more...]
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