Practice Points

Search results: 8 article(s)

Sorted by checked relevancepublication date

IN THIS ISSUE - VAT REGISTRATION

Practical VAT registration tips and advice

With the VAT registration threshold frozen until at least 2022, it is likely that more of your clients will be edging toward it over the coming years. What can you help them with and is it possible to avoid registration at all? What do you need to look out for if they choose to deregister later on? More...

IN THIS ISSUE - TRADING LOSSES

Tax planning with trading losses

When your self-employed clients incur a loss, there may be several options available to relieve it, though there are restrictions in place which mean that the default option to carry forward the loss is wasteful. So what are the various options, when will each be most beneficial, and why might it sometimes be worth using income losses to offset capital gains? More...

IN THIS ISSUE - THE EIS

Making the most of the EIS

The enterprise investment scheme is a collection of generous tax reliefs aimed at encouraging private investment in fledgling companies. You may be aware of the basic framework of the rules and how to claim relief on the tax return, but what happens if one of your company clients wants advice on whether a prospective investor can claim the relief? What do you need to know to advise in 2018/19? More...

IN THIS ISSUE - PENSION PLANNING

Getting a pension to go much further

Pensions freedom means that your clients are no longer shepherded towards buying an annuity with their accumulated funds. You have several clients who are still working but approaching retirement age - how do you help them make the most of their money purchase pension savings? More...

IN THIS ISSUE - BUSINESS PROPERTY

Business property relief: the family business

A client’s family business can often grow to reach a substantial value before their death. Many clients will assume that relief is available to exempt it from inheritance tax - but things are not that simple. How do you set about advising clients on ensuring they don’t fall into the traps? More...

IN THIS ISSUE - IHT

IHT and the family home: planning opportunities?

For many people, the main concern in respect of inheritance tax is the family home - mainly due to several decades of above inflation growth in house prices. HMRC is particularly wary of planning involving the main home though. What opportunities are there to mitigate tax, and what do your clients need to be wary of? More...

IN THIS ISSUE - VAT SCHEMES

VAT schemes for SMEs: tips and traps to consider

It’s vital that your VAT-registered clients are aware of the benefits of certain VAT schemes that could either save tax or help business cash flow. How can the flat rate, cash accounting and annual accounting schemes be used to your clients’ advantage, and are there any pitfalls? More...

IN THIS ISSUE - PENSIONS

Tax efficiency and pensions: where are we now?

The tax treatment of pension contributions has been the subject of constant tinkering by successive governments since 2004. Given the plethora of recent changes, what advice should you give your clients on tax-efficient pension saving? More...
Last updated: 14.12.2018

More from Indicator - FL Memo Ltd