You and each member of your family is entitled to make tax-free capital gains of up to £12,300 in the 2021-22 tax year. If you have made no disposals that would trigger a capital gain in 2021-22, consider the following: If you have assets, shares for example, that you are thinking of selling, you may…
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Closing a limited company
You usually need the agreement of your company’s directors and shareholders to close a limited company. The way you close the company depends on whether or not it can pay its bills. If the company can pay its bills (it is ‘solvent’) You can either: apply to get the company struck off the Register of…
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Tax Diary March/April 2022
1 March 2022 - Due date for Corporation Tax due for the year ended 31 May 2021. 2 March 2022 – Normally Self-Assessment tax for 2020-21 would need to be paid by 2 March or a 5% surcharge would be incurred. This year HMRC is giving taxpayers more time to pay and no surcharge will…
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Dynamic planning
More challenges to our financial plans last week as the Russian incursion into Ukraine has boosted the price of oil and gas and adds a new layer of uncertainty to global economic activity in the coming year. How will this affect our current business plans? There is a tendency to see a business plan as…
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