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Using Capital Gains Tax losses

Using Capital Gains Tax losses

If you sell an asset for less than you paid for it, you would make a capital loss. As a general rule if the asset would have been liable to CGT had a gain taken place, then the loss should be an allowable deduction.  These allowable losses are deducted...
What you must tell HMRC

What you must tell HMRC

If your personal details change you may be required to notify HMRC as this can affect your entitlement to certain tax breaks and or benefits. For example, you need to tell HMRC if: you get married or form a civil partnership; or you divorce, separate or stop living...
Tax Diary July/August 2023

Tax Diary July/August 2023

1 July 2023 – Due date for corporation tax due for the year ended 30 September 2022. 6 July 2023 – Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs. 19 July 2023 – Pay Class 1A NICs (by the 22 July...
Voluntary “give-aways”

Voluntary “give-aways”

In a recent post we warned of the likely loss of billing opportunities if you give away service advice just to demonstrate how informed you are. In this post we outline when it may be appropriate to volunteer information or other free offers in order to secure...
Selling all or part of your company

Selling all or part of your company

If you are selling your company, there are important actions you must take to properly finalise your affairs. Please note that this is not an exhaustive list, and it is important to check what else may be required. We have summarised below some of the main steps you...