Working From Home? How To Reduce The Company Tax Burden

Increasingly many people are running their own small businesses from home but this results in increased household expenses for heating, electricity, phone bills etc.; expenses that would not be incurred by those who go to an external workplace. But when working from home there are opportunities to reduce the tax burden of the company or self-employed individual by considering… Continue Reading

SME Pension Obligations: What You Need to Know

Following changes to the Pensions Act in 2008 and 2011 large organisations with 250 or more employees were obliged to automatically enrol all their eligible employees in a workplace pension scheme in the year leading up to October 2013. The changes are being phased in for all employers and are not expected to be complete until 2018, however, small and medium-sized employers with b… Continue Reading

Flipping Your Main Residence: Is a Change Imminent?

UK residents who own more than one home can currently decide which of those properties is their main residence for tax purposes. This means they can claim “Private Residence Relief” (PRR) on that property so that they are not liable for any Capital Gains Tax (CGT) when they come to sell it. But this current system has been open to abuse as the homeowner could choose to … Continue Reading