Inspire Financial Management
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Tel: 0191 487 7074
a property you can't move into right away is still a residential property for tax purposes. What's the full story?
If you offer your employees benefits in kind under a salary sacrifice deal, will you have to account for VAT when you supply the benefit?
The FTT considered if a company owner manager was entitled to tax relief for losses he made from the same business when he operated it as sole trader.
HMRC is writing to directors that took a loan from their company that was later written off or released. What should you do if you receive a letter?
The guidance on what "new and unused" means for the purposes of first-year allowances has been updated in order to make things clearer. What's the full story?
Looking to replace your son's old car tax-efficiently?
Phishing attacks are being sent to pensioners purporting to be from the Department for Work and Pensions. What's going on?
Reports are coming in about errors in HMRC's tax calculations for 2024/25 involving Class 2 NI contributions. What steps should you take if you've been affected
A government U-turn on the winter fuel payment was announced this week, with a new means-tested threshold. How will this work in practice?
6 July - deadline for reporting employee benefits. It's also a red letter day if employees are rewarded with shares in the company.
You're starting a business with significant start-up costs. What are your options for recovering VAT on these and which is the best?
Your business is about to update its IT equipment for employees who work from home. Is it more tax efficient if the employees owned the equipment?
Compulsory Class 2 NI has been abolished but that hasn't stopped HMRC sending out demands for it for the last tax year. What's happening?
HMRC is warning that setting up VAT groups in the care industry to reclaim VAT on what would otherwise be exempt supplies is tax avoidance.
You're planning to sell a second home. As its value has risen you're expecting a hefty capital gains tax bill. How might you reduce it?
If you pay foreign employees or those who work abroad, you might need to take steps immediately because of new tax rules. What's the full story?
new rules will require you to report more information about your company and the income you derive from it on your self-assessment tax return.
The tax and NI exemption for trivial benefits is much misunderstood, but nonetheless very useful to employers. When can you use it what are its advantages?
Your daughter needs financial help to get her company started. You've agreed that your company will lend her the money. Will this trigger a tax charge?
The government has announced changes to the threshold at which some taxpayers need to complete a tax return. What's the full story?
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