Selling or giving away personal belongings can sometimes have tax consequences. When disposing of personal belongings, you should be aware of Capital Gains Tax (CGT) which is a tax on the increase in value of a belonging.
As we get older it is natural to want to help the younger generations with a financial gift, however here are some things to be aware of if making gifts.
The introduction of MTD is the perfect opportunity to completely transform and revolutionise the way you do business and the way you maintain your accounting records. To book a free MTD compliance review, or to find out more, contact Rob Holt or Sara Martin on 01332 242257
Hari and David recently joined with other representatives from businesses who have signed up to sponsor the Derby Telegraph Business Awards for a Sponsors’ Breakfast at the University of Derby’s Enterprise Centre.
If you are an ambitious and motivated individual who would like an alternative to university, we are offering a paid apprenticeship to study for the AAT qualification (Level 4). This is for school leavers who have achieved good GCSEs and possibly A-Levels and want to start a career in Accountancy.
We’re really excited to be the sponsor for the ‘Services’ Award Category at this year’s Derby Telegraph Business Awards. The awards aim to celebrate success, recognise achievement and highlight the innovative people and companies throughout Derbyshire with the winners being announced at the ceremony on Wednesday 13th June 2018, at The Roundhouse, Derby College.
If you have a number of properties and the portfolio is run as a business this may well be a sound idea, however, a 3% Annual Tax on Enveloped Dwellings (ATED) will be charged in addition to the usual tax on profits in certain circumstances.
We’re really pleased to welcome Joanne Gregory back as our Audit Manager. Joanne, who is now a Chartered Certified Accountant, originally joined Sibbalds as a trainee accountant and left to gain a wider variety of audit-related experience and work with different firms of varying sizes and across many sectors and industries.
As employers now have a duty to make pension contributions for their employees it may be worth employees considering salary sacrifice to make their contributions to the pension.
It will be possible from 29th November 2017 for a claim for the Marriage Allowance to be made in respect of a deceased spouse or civil partner and for that claim to be backdated for up to four years.