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Feb 1, 20243 min read
Repairs and improvements – What is the difference and why does it matter? - Outsourced Financial | Outsourced Bookkeeping Services
Work may be undertaken on a property to repair it or to improve it, and it will not always be clear where the dividing line falls. The...


Feb 1, 20243 min read
Avoid the temptation to make speculative SDLT claims - Outsourced Financial |Outsourced Bookkeeping Services
Not all property is equal when it comes to stamp duty land tax (SDLT). Higher rates apply to residential properties than to...


Feb 1, 20242 min read
Financing an investment property - Outsourced Financial | Outsourced Bookkeeping Service
A would-be property investor will need to be able to fund the purchase of their investment property. They may choose to do this...


Jan 26, 20243 min read
Using a period of grace election for furnished holiday lettings - Outsourced Financial | Outsourced Bookkeeping Services
The cost of living crisis has impacted on people’s ability to take holidays and short breaks. If you are a landlord letting a furnished...


Jan 26, 20242 min read
Making Tax Digital for landlords - Outsourced Financial | Outsourced Bookkeeping Services
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced from 6 April 2026 From the outset, it will apply to...


Jan 26, 20243 min read
Making use of the property allowance | Outsourced Financial | Outsourced Bookkeeping Services
It is possible to enjoy tax-free income from property, even if you have already used up your personal allowance. This is because the...


Jan 26, 20243 min read
What to do if you receive one of HMRC's 'nudge’ letters - Outsourced Financial | Outsourced Bookkeeping Services
HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as 'the tax gap' as being ' 4.8% of total...


Jan 26, 20242 min read
Tax implications of buying a customer list - Outsourced Financial | Outsourced Bookkeeping Services
Many businesses begin by buying a customer list from another similar business, sending out marketing adverts rather than waiting to build...


Jan 26, 20243 min read
Marriage allowance – A possible tax break for married couples or civil partnerships - Outsourced Bookkeeping Services UK | Outsourced Financial
Despite 4.2 million couples being eligible for the tax break, only 1.8 million are claiming the marriage allowance (MA) – a benefit worth...


Jan 26, 20243 min read
Capital gains tax year-end planning - Outsourced Financial | Outsourced Bookkeeping Services
Noone wants to pay more tax than they need to and, where possible, disposals should be timed to ensure that the best result is achieved...


Jan 26, 20243 min read
Have you used your 2023/24 dividend allowance? - Outsourced Bookkeeping Services | Outsourced Financial
As we move into the final months of the 2023/24 tax year, it is time to give some thought to whether you have used your 2023/24 dividend...


Jan 26, 20243 min read
Cash basis extended - Outsourced Bookkeeping Services | Outsourced Financial
If you are running an unincorporated business, either as a sole trader or as a partnership comprising only partners who are individuals,...


Jan 26, 20242 min read
National Insurance cut for employees and directors - Outsourced Bookkeeping Services | Outsourced Financial
In his November 2023 Autumn Statement, the Chancellor announced a reduction in the main primary rate of Class 1 National Insurance from...


Jan 26, 20242 min read
NIC payable by the self-employed from April 2024 - Outsourced Bookkeeping Services | Outsourced Financial
The self-employed have historically paid two classes of National Insurance – Class 2 and Class 4. However, this is set to change from...


Jan 26, 20242 min read
Submit your tax return by 30 December to have your tax collected through PAYE - Outsourced Bookkeeping Services UK | Outsourced Financial
Although the deadline for submitting your 2022/23 tax return online is midnight on 31 January 2024, if you owe tax and you want to have...


Jan 26, 20242 min read
How the increased minimum wage will affect your business costs - Outsourced Bookkeeping Services | Outsourced Financial
Although inflation is now on a downward trend, the sharp cost rises over the last 18 months are baked in. Energy prices are increasing...


Jan 26, 20242 min read
The VAT domestic reverse charge: what your construction business needs to know - Outsourced Bookkeeping Services | Outsourced Financial
The VAT domestic reverse charge came into operation in March 2021, introducing significant changes around how VAT is collected and paid...


Jan 26, 20242 min read
Spreading your January self-assessment payment - Outsourced Financial | Outsourced Bookkeeping Services
With a combination of low growth and high inflation, the 2022/23 tax year has been a tough time, financially speaking, for many of us. So...


Jan 26, 20242 min read
Your Q1 2023 deadlines for the diary - Outsourced Bookkeeping Services | Outsourced Financial
We always aim to keep you up to date with the most pressing dates and deadlines for your business diary. To help you get prepared and on...


Jan 22, 20243 min read
Can you benefit from the marriage allowance? - Outsourced Financial | Outsourced Bookkeeping Services
The marriage allowance is not a separate allowance as such – rather, it is a transfer of part of one spouse or civil partner’s personal...
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