what to do if you need to change your tax return
If, like us at Appleleaf Accountancy, you made it and breathed a sigh of relief at the end of January after meeting the self-assessment tax return deadline for 2018/19, well done it is out the way for another year. However, what can you do, if anything, if you suddenly realise [...]
do your accounts still take up too much of your time? it could be time for a change
Before we get into what I’d like to discuss with you today… If you’ve not already got your name down to join our email newsletter, you should do so today. You can click on this link to go direct to the sign-up page. Not only will you get all our latest news [...]
dealing with finance costs correctly
The self-assessment deadline is looming. Self-assessment tax returns for the year to 5 April 2019 must be filed online by 31 January 2020 if a late filing penalty is to be avoided. Landlords will need to complete the property income pages. Particular care should be taken where the landlord has [...]
using a SIPP to save for retirement
A SIPP is a self-invested personal pension which is set up by an insurance company or specialist SIPP provider. It is attractive to those who wish to manage their own investments. Contribution to a SIPP may be made by both the individual and, where appropriate, by the individual’s employer. investments The [...]
optimising tax-free benefits in family companies
Making use of statutory exemptions for certain benefits-in-kind offers an opportunity to extract funds from a family company without triggering a tax charge. The essential point to note is that to make the tax saving, the benefit itself, rather than the funds with which to buy the benefit, must be [...]
dividend complexities
The dividend allowance, which was originally introduced from 6 April 2016, was cut from £5,000 a year to £2,000 from 6 April 2018. The cut is likely to have a significant impact on employees and directors of small businesses who receive both salary and dividend payments. Many family-owned companies allocate [...]
psst…here’s how to check your accountant is doing all they can for you and your business
Whenever we take on a new client, we always look to learn as much about you and your business as possible. It’s for two reasons. First, we think it’s good to know what matters to our clients. We see ourselves as more than just a hired hand. We want you to see [...]
