Government imposed levies for UK residents and companies.
AI vs Tax Advisor: Why London Still Needs Tax Experts (CIGMA Guide, 2025) Artificial intelligence (AI) is changing how London businesses learn, plan and communicate. You can ask an AI to explain capital allowances UK, sketch a worked example of marginal relief, or draft a board paper about R&D tax credits London. That’s progress. But … Continue reading AI vs Human Tax Advisor
Capital Gains Tax vs. Income Tax on Rental Income: Essential Information for Landlords Inheriting a buy-to-let property-can be both a financial boon and a complex tax situation. When-selling such a property, understanding Capital Gains Tax (CGT) is crucial to avoiding unexpected liabilities.-If you sell an inherited buy-to-let property at a profit, you will be liable … Continue reading Capital Gains Tax on Inherited Buy-to-Let Properties: Essential Information and Expert Tips
Capital Gains Tax vs. Income Tax on Rental Income: Essential Information for Landlords Navigating the complexities of tax regulations can be a daunting task for landlords in the UK, particularly when it comes to understanding the differences between-Capital Gains Tax-(CGT) and-Income Tax on rental income. Each type of tax has its own set of rules, … Continue reading Capital Gains Tax vs. Income Tax on Rental Income: Essential Information for Landlords
Understanding Capital Gains Tax on Buy-to-Let Properties in the UK: Key Insights and Practical Tips Understanding Capital Gains Tax on buy-to-let properties in the UK can seem daunting, but it is crucial for property investors to grasp. Capital Gains Tax (CGT) is a tax on the profit made from selling assets that have increased in … Continue reading Understanding Capital Gains Tax on Buy-to-Let Properties in the UK: Key Insights and Practical Tips
Strategies to Reduce Capital Gains Tax on Your Buy-to-Let Property: Practical Tips for Investors Capital Gains Tax on buy-to-let properties can significantly impact your return on investment. Fortunately, there are several strategies that you can employ to reduce this tax liability.-Making use of tax planning and allowable deductions helps in mitigating the tax burden effectively. … Continue reading Strategies to Reduce Capital Gains Tax on Your Buy-to-Let Property: Practical Tips for Investors
How to Choose the Right Accounting Software for Your Business: Key Factors to Consider Choosing the right accounting software for your business is crucial to maintaining financial health and ensuring efficient management of transactions. With numerous options available, it-s vital to recognise what specific features your business needs to streamline operations.-Focus on the software's ability … Continue reading How to Choose the Right Accounting Software for Your Business: Key Factors to Consider
The Role of an Accountant in Business Growth and Development: Key Contributions and Strategies In today's competitive marketplace, the skills and insights of an accountant are indispensable for business growth and development. Accountants do far more than just keep financial records; they are strategic partners who play a crucial role in financial planning, risk mitigation, … Continue reading The Role of an Accountant in Business Growth and Development: Key Contributions and Strategies
Managing Cash Flow: Essential Tips for Sustained Business Success Managing cash flow is critical for the success of your business.-By mastering effective-cash flow management-techniques, you can maintain your financial health, ensuring that you have enough liquidity to meet expenses and seize growth opportunities.-Understanding cash flow allows you to predict trends and make informed decisions that … Continue reading Managing Cash Flow: Essential Tips for Business Success
The Importance of Bookkeeping for Small Businesses: Essential Tips and Best Practices Effective bookkeeping-is a cornerstone of any small business's success.-Accurate bookkeeping allows business owners to-track income and expenses, ensuring they understand their financial position at all times.-This transparency is crucial for making informed decisions, planning for future growth, and avoiding cash flow problems that … Continue reading The Importance of Bookkeeping for Small Businesses: Essential Tips and Best Practices
Ecommerce Accounting: Introduction for UK Businesses Are you an ecommerce entrepreneur in the UK looking to navigate the complex world of accounting? Managing the financial aspects of your online business can be daunting, but with the right knowledge and support, you can streamline your processes and ensure compliance while focusing on growing your venture.At CIGMA … Continue reading Learning Ecommerce Accounting: Guide for UK Businesses
How should you handle late filing penalties? Are you one of the 3.8 million individuals who have yet to file their 2022-23 self-assessment return? With the 31 January 2024 deadline already passed, it's essential to understand the consequences of missing this crucial date, especially if you're in the UK. Consequences of Missing the Filing Deadline … Continue reading Handling late filing penalties from HMRC
Unlocking Financial Support: A Guide to Carer's Credit Are you tirelessly caring for someone for at least 20 hours a week? If so, you might be eligible for Carer's Credit, a National Insurance credit designed to bridge gaps in your National Insurance record. This credit not only supports your caregiving responsibilities but also plays a … Continue reading A Guide to Carer’s Credit from CIGMA Accounting
Navigating Turbulent Times: Smart Financial Strategies for 2024 As we step into a fresh new year, it's the perfect time for business owners to engage in some essential business planning, particularly in the realm of protecting business capital. With the ongoing downturn in global trade - influenced by geopolitical tensions and economic challenges - it's … Continue reading Navigating Turbulent Times: Smart Financial Strategies for 2024
Navigating Business Asset Disposal Relief for UK Entrepreneurs For UK entrepreneurs and business owners considering the sale of their business, shares in a trading company, or an interest in a trading partnership, understanding Business Asset Disposal Relief (BADR) is crucial. At CIGMA Accounting, we're dedicated to guiding you through the intricacies of BADR to ensure … Continue reading Navigating Business Asset Disposal Relief for UK Entrepreneurs
If you are travelling from outside the UK and arriving home in Great Britain (England, Wales and Scotland), you are allowed to bring back the following goods for your own use without any UK tax or
As a new company director in the UK, you are likely wondering how to best pay yourself through your company. You have several options for transferring company profits into personal income, including salaries, dividends, and investments. This post outlines the pros and cons of each, and gives you the information you will need to make … Continue reading How to best pay yourself as a UK company director
If you are looking to protect your assets and minimise your tax liability, you will likely want to register trusts-to hold them. In some cases, you may have to register trusts with HMRC. Trusts offer a range of benefits, from shielding your assets from creditors to providing a clear plan for distributing your wealth after … Continue reading The Top 5 Reasons to Register Trusts for Your Assets
The government published the Autumn Finance Bill 2022 on 22 November 2022. The Bill is officially known as Finance Bill 2022-23. The Bill contains the legislation for many of the tax measures
It is possible for wealthier taxpayers to make tax exempt gifts and payments that are funded as normal expenditure out of income. This is a very flexible exemption from IHT as there are no specific
