FREEview news summary
Capital allowances: HMRC clarifies meaning of dwelling house A new brief revises guidance for plant and property letting.
PAYE avoidance scheme fails A cautionary tale: this one did not do what it said on the wrapper. But where was the wrapper?
31 October SA paper filing deadline A MUST READ summary for advisers this covers dates, proof of posting/receipt and penalties.
NMW: new rates and age limits The rates changed on 1 October, with the main rate also changing to now include workers aged 21, and a new "apprentice rate".
New Guides and Updates
FREE VIEW
Directors' loan accounts: toolkit HMRC have launched a new drectors' loan toolkit. This is our version, for advisers.
Landlord's Energy Savings Allowance (LESA) £1,500 per dwelling until 2015.
For PAID subscribers (because you are so special :)
JUST UPDATED:
Pensions: tax planning guides FREEVIEW UPDATED: new rules from 2011 restrict tax relief on inputs.
An adviser's guide to Settlements UPDATED: these are tax anti-avoidance rules which can easily catch out owner-managed businesses who remunerate using dividends. This is crammed full of examples, planning points and pitfalls, together with a summary of the leading tax cases.
Adviser's Tax Penalty Planner UPDATED: new late filing penalties for CIS, SA and CT are all due to start this time next year. Have you discussed them with your clients, have you changed your letters of engagement?
Practical Tax Toolkits (part freeview)
Our Practical Tax Toolkits include tax planning tips and advice, essential reading for advisers:
Toolkits for the self-employed This includes our Tax Heathcheck
Toolkits for companies From compliance to associated companies to profit extraction.
Share based incentives (part freeview)
EMI: checklist This does what it says on the wrapper.
Designing an EMI share option scheme Need some help? Please ask for details.
Buying and selling businesses
Capital Gains Tax: Entrepreneurs' Relief UPDATED: for Finance (No 2) Act, a succinct guide for OMB advisers with planning points, pitfalls, worked examples.
Capital gains reliefs: disposal of business assets UPDATED: new links and examples for incorporation.
Selling the business: deferred consideration and earn outs UPDATED: is our love affair with loan notes over? An overview of the different tax consequences for the seller.
Loan stock: QCBs or non-QCBs? FREEVIEW UPDATED: for Finance (No 2) a quick guide for advisers.
Selling the business: where do I start? A guide for you to discuss with your clients.
How to value a business An advisers' guide that explores the different methods used for valuing private companies with worked examples.
Purchase of own shares – out of capital Our unique guide explains the fiddly bits.
Tax planning for 2010/11 This is a rolling update for advisers
A selection of our favourites
What expenses can I claim? Living expenses NEW: guidance for the self-employed. Want to write a life-style novel and claim tax relief for the costs of your life, or just live above the shop? Read on.
Transactions in securities NEW: this is not tricky tax! Here we have an easy-to- follow guide covering the 2010 changes with detailed examples.
Transaction in securities: case studies NEW: what better way to get a grip of this topic than to understand what bites and when?
NEW: a quick guide for advisers
Offshore bank account holders: last chance to use the LDF HMRC is writing to account holders; you cannot use the LDF once it contacts you.
The Advisers' Guide to the PAYE Fiasco FREEVIEW
Our one-off special contains:
- A Summary of guidance to give to clients who are affected by PAYE by under or over payments
- PAYE deadlines
- ESC A19
- Overpayment relief
- NIC deadlines
- Links to LITRG
Hutton on Estate Planning - 3rd Edition
A short plug for Matthew Hutton. Hutton on Estate Planning is published in electronic and paper form, and is regularly updated. The cost of a 12-month subscription for up to 10 Users is just £199 plus VAT (electronic) or £49 plus £5 p&p (book). Have a look at www.hutton-estate-planning.co.uk. Special deals for our subscribers.
Virtual Tax Partner
Our Virtual Tax Partner service provides one-to-one practical support for accountants and advisers Nationally. Need help with an enquiry, a valuation, a share scheme or buy-back? Want a second opinion, or assistance in drafting a difficult letter or computation? The Virtual Tax Partner peer review and mentoring service is discounted for subscribers. Give us a ring.
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Free guides - take a tour...
You have two options: 1. Explore the site (then click on the menus and you will soon see what is free) 2. See a small sample.
Missed an edition? See Nichola's SME Tax News Archive.
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Share scheme basics for small companies FREEVIEW While company values are low a share scheme can be a very tax efficient method of rewarding staff. We explain the basics of an unapproved share scheme.
Enterprise Management Incentive (EMI) FREEVIEW A share option scheme is ideal for smaller companies. |