Inspire Financial Management

Best viewed on a device with a bigger screen...
Tel: 0191 487 7074

Articles.

Appeal court denies stamp duty land tax appeal on rat infested property

a property you can't move into right away is still a residential property for tax purposes. What's the full story?

Read more

Is an OpRA VATable?

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?

Read more

Transferring your business - are your losses lost?

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.

Read more

Loan written off: are you in HMRC's crosshairs?

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?

Read more

Meaning of "new and unused" clarified for CAs purposes

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?

Read more

Cutting the cost of a company car

Looking to replace your son's old car tax-efficiently?

Read more

Scammers already targeting pensioners over winter fuel payments

Phishing attacks are being sent to pensioners purporting to be from the Department for Work and Pensions. What's going on?

Read more

Errors in HMRC 2024/25 tax calculations

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

Read more

Winter fuel payments to be clawed back via tax system

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?

Read more

Deadline for 2024/25 employer shares and share schemes

6 July - deadline for reporting employee benefits. It's also a red letter day if employees are rewarded with shares in the company.

Read more

How soon should you register for VAT?

You're starting a business with significant start-up costs. What are your options for recovering VAT on these and which is the best?

Read more

Homeworking - is there a VAT problem?

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?

Read more

Class 2 NI demands being sent in error

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?

Read more

HMRC says care industry VAT grouping is "tax avoidance"

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.

Read more

Reducing tax on residential property gains

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?

Read more

New PAYE procedure being overlooked

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?

Read more

Director shareholders must disclose dividends

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.

Read more

What's a trivial benefit worth to employers?

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?

Read more

Lending to a relative - avoiding the tax trap

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?

Read more

Further relaxation of self-assessment thresholds announced

The government has announced changes to the threshold at which some taxpayers need to complete a tax return. What's the full story?

Read more

Access Key Enabled Navigation
Keywords for: Articles

inspire financial management, stockton on tees, financial management, accountant, accounting, gateshead