Annual tax returns for dentists

Annual tax returns for dentists
If you run your own dental practice then you are considered to be self-employed and therefore have to complete annual tax returns forms for the previous tax year. The deadline for the most recent tax year passed at the end of January, but it is worth planning ahead to make sure that you are prepared for the next tax return deadlines to ensure that you don't incur any late penalties.
Continue reading
2690 Hits

Changes to Dispensations

Changes to Dispensations
From 6th April 2016, dispensations are being replaced by a new expenses exemption system that HMRC are introducing. Here's what you need to know about the changes being made to dispensations and how the new system will work.
Tags:
Continue reading
2957 Hits

How HMRC deal with high net worth individuals.

How HMRC deal with high net worth individuals.
Tax can be complicated for any business or individual. Imagine how much more complicated it gets when you're dealing with several millions of pounds worth of capital. As the tax affairs of those individuals with this kind of net worth can be so complex, HMRC has its own division for handling their taxes.
Tags:
Continue reading
3765 Hits

Marshall Smalley 2016 Budget Overview

Marshall Smalley 2016 Budget Overview
The Budget delivered on 17 March 2016 contains many measures affecting businesses and savers, particularly those of the next generation.

This is our summary of these measures.
Continue reading
2499 Hits

Changes to tax relief in rental properties

Changes to tax relief in rental properties
In last year's Summer Budget, a number of changes were proposed that would affect landlords. One of these is the abolition of the wear and tear allowance, which will be replaced in April 2016 by a new form of tax relief applying to replacing furniture in residential dwellings.
Continue reading
3120 Hits