Landfill Tax may not be a key concern for every business but it’s worth knowing that, since 1 April 2018, waste disposal at unauthorised sites may now be taxable.
According to a recent report from property experts, Savills, 75% of the UK’s housing wealth is now owned by the over 50s. Small wonder, then, that the yield from Inheritance Tax is rising. What can you do to minimise the impact of IHT on your estate?
Taxpayers can already use their online Business Tax Account for their dealings with HMRC but it is not currently essential. This is set to change with Making Tax Digital.
Do you have plans in place for coping with a severe disruption to your business? According to recent findings by the Federation of Small Businesses, most UK small firms are completely ‘unprepared’.
Recent changes to the rules on allowable costs have led to tougher times for buy-to-let landlords. But in business there are always opportunities… one option for buy-to-let investors could be to diversify into furnished holiday lettings (FHLs).
RfM has recently been awarded Gold Partner status by Xero. To us, this is a reward for helping many of our clients to revolutionise the way they manage their bookkeeping and business administration. For client Hyde United FC, a move to Xero cloud accounting software has put the performance of their finance department into a different league.
As the owner of a business, responsibility for financial and business decisions ultimately lies with you. Who would make those decisions if you were unable to? Making a Lasting Power of Attorney is the only way to ensure that the responsibility for running your business passes to a person of your choosing.
We love technology… but only if it makes life easier for our clients. Over the past year, we have introduced many of our clients to Xero accounting software, helping them to reduce the time they spend on everyday finance tasks and improve accuracy. We now provide support with a number of Xero add-on apps that can make your business bookkeeping and financial administration even simpler.
There’s probably no better way to demonstrate your knowledge of business growth strategy than by expanding your own business enterprise. Which is exactly what the head of RfM Business Consulting, Tony Backhouse, has been doing over the past two years.
After deciding who gets what, the second most important decision you will have to make when writing your Will is who your executors will be. Here we explain the role of the executor to help you make a suitable choice.
Trying to get a mortgage can be a daunting task. However, it’s not as difficult as you might think and there are a number things you can do to improve the odds of you being accepted. To give yourself the best chance of securing a good deal, you’ll need to have your finances in order before you apply.
Businesses which invest in energy-saving plant or machinery may be able to save tax by taking advantage of an HMRC tax break.
If you have already submitted your tax return for the tax year ended 5 April 2018, there’s no better time to think about saving tax in the current year. Here are three pieces of helpful tax-saving advice…
Honesty is, of course, always the best policy, especially when declaring your income and gains for tax purposes. HMRC are bringing in tough new penalties for UK taxpayers who fail to tell them about income from abroad on which UK tax may be due.