Inspire Financial Management
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Tel: 0191 487 7074
You are buying a property which you want to develop into flats while continuing to let the ground floor. The seller says he must charge VAT. Is her correct?
HMRC has written to the CIOT to confirm updates to the services provided on the Agent Dedicated Line. What's changed?
If you claimed Child Benefit prior to May 2000 you may have missed out on valuable qualifying state pension years due to nuances in HMRC's systems.
You own the property that your company trades from for which it pays you rent but might this result in extra capital gains tax if you sell the property?
Companies and their owners with income subject to the IR35 rules are at risk of being taxed twice on the same income. When can this double tax apply?
The First-tier Tribunal has disallowed a claim for business property relief, despite the business in question being a long-established fishery. What went wrong?
If you receive a letter from HMRC about your corporation tax losses, don't ignore it or you could end up overpaying. What's going on?
HMRC systems cannot differentiate between certain types of income which could lead to an overpayment of student loan deductions. What's the solution?
You and your spouse receive income from a jointly owned buy-to-let property. How can you improve your joint tax position?
If you think you owe tax for 2023/24 and you haven't told HMRC about it or been asked to complete a self-assessment tax return, you're at risk of a tax penalty.
HMRC revealed that nearly 300,000 taxpayers filed their 2023/24 tax return in the first week of the 2024/25 tax year. What advantages does early filing offer?
Two popular investment incentives offering a number of tax breaks were due to expire in 2025. However, the government has announced that they will be extended.
The deadline for paying monthly PAYE is on the 22nd of each month. For September 2024, this falls on a Sunday. What can you do to avoid late payment?
The amount that employees can be reimbursed for business travel in company cars changed from 1 September 2024. What are the new rates?
When you pay personal pension contributions you automatically receive basic tax relief from HMRC. Are you claiming all the relief you're entitled to?
Making donations to charity in your will can lower your estate's inheritance tax bill. How can you make use of this tax break?
You've had a trust for your children for many years. Can you end the trust and distribute the assets to each of them, without triggering a tax trap?
HMRC is contacting individuals who may need to pay tax on income from breeding animals. What should you do if you receive a letter?
You're making substantial repairs and improvements to your buy-to-let property. What tax relief are you entitled to and how can you claim it?
HMRC is writing to individuals who may need to pay tax on the disposal of cryptoassets such as Bitcoin. What should you do if you receive a letter?
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