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.
On Friday 10th November 2017 at Symphony Hall in Birmingham, Adam Armiger received his certificate for successfully completing the Foundation Degree in Payroll Management.
This course was run at the Heart of Worcestershire College in collaboration with the Chartered Institute of Payroll Professionals (CIPP). This qualification means that Adam is recognised as having the ability, skills and knowledge required to be a respected payroll professional.
8 of the Sibbalds team donned their freshly printed new football kits and dusted off their boots, to help raise money for the British Heart Foundation by taking part in a charity 5-a- side tournament at Soccerdome in Derby.
The Chancellor Philip Hammond presented his first Autumn Budget on Wednesday 22 November 2017.
His report set out a number of actions the government will take including support for more housebuilding. His view is that the economy continues to grow and continues to create more jobs.The major attention-grabber was aimed at first time buyers who will not have to pay Stamp Duty Land Tax on homes costing up to £300,000.
We went to The Wonky Table, on Saddler Gate, where we spent an hour discussing the performance over the past 12 months (we’re delighted to have grown by almost 20% in that period!)
Read the latest issue of our Pay Less Tax Newsletter – Autumn 2017 Edition
The government is to introduce new data protection rules under the General Data Protection Regulation (GDPR) which takes effect from 25 May 2018. Businesses will have increased obligations to safeguard the information of customers, suppliers or employees which is stored and processed.