Accountancy Blog

Property tax

A guide to tax when buying, renting out and selling property.

When the Chancellor George Osborne announced that he was curbing tax breaks for landlords in Summer Budget 2015, there was speculation that it would result in thousands of landlords selling up and getting out of the property business.

This was because the changes would alter 2 extremely valuable reliefs which landlords have been able to claim. More…

Employee share shave schemes

A guide to the advantages, potential problems and types of share schemes available to employees.

The number of businesses that offer employee share schemes has doubled since 2000, according to HMRC.

Giving employees the chance to invest in their company can help an employer improve retention, attract staff and raise funds. For employees, there’s the opportunity to save money in a tax-efficient way. More…

Forming a Limited Company

The number of private sector businesses has reached a new record of 5.4 million, the Department for Business, Innovation and Skills has announced.

There are now 900,000 more businesses compared to 2010, while the number of businesses that employ people has also risen by 35,000 from 2014.

Small businesses make up 99.3% of all businesses in operation and have a combined turnover of over £1 trillion. As well as medium-sized enterprises and 3.3 million sole traders, there are 7,000 large businesses that collectively employ 10 million individuals and contribute £2 trillion to the UK. More…