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Tax for Professionals

Every month see how to save tax with our detailed advice plus the follow-up steps on how to implement it

Tax for Professionals is... 

A digital newsletter: to

  • Ensure your clients pay the least amount of tax possible in a legally safe way
  • Provide your clients with reliable and practical tax advice
  • Be able to answer any queries your clients have
  • Keep abreast of the latest tax changes
  • Understand the consequences of new tax legislation and case law
  • Have a series of ready-to-use tools and calculators, letters and source material close at hand

A unique concept...

  • Easy-to-apply advice and solutions
  • Detailed advice delivered in clear language
  • 100% safe to use
  • Completely independent advice

A unique collaboration between

  • Our in-house experts
  • A broad network of specialists who are experts in their fields

We've created this newsletter for... 

  • Tax professionals
  • Tax advisors
  • Accountants

Extras with our advice... 

Quarterly bulletin Practice Points

  • More detailed information and worked examples on a particular tax-saving strategy
  • Use it to deepen your tax knowledge even further

Ready-to-use documents, letters, checklists...

  • Get the most from our advice in practice
  • Customisable to suit your personal circumstances

Calculators

  • Quickly calculate the most tax-effective solution
  • Compare different options and choose the best one

Examples and source material

  • So you can be sure your position is legally secure

Download these extras quickly and easily at tips-and-advice.co.uk.

Here are some of the topics we cover:


Accounts

  • Bad debts
  • Basis period
  • Case law
  • Checking
  • Errors
  • Fees
  • FRS
  • Generally accepted accounting practice
  • Investigation
  • Miscellaneous
  • Writing off

Agriculture

  • Averaging election
  • Herd basis

Bank accounts

  • Funding
  • Interest
  • Investigations
  • Joint accounts
  • Offshore
  • Personal
  • Returns

Benefits

  • Assets
  • Benefits-in-kind
  • Cars
  • Company-owned
  • Earnings limit
  • Miscellaneous
  • P11d notices
  • Personal
  • Reclaiming VAT
  • Records
  • Remuneration package
  • Travel
  • Trivial
  • Vans

Brexit

  • Brexit

Business status

  • Incorporation

Capital allowances

  • Annual Investment Allowance
  • Business property relief
  • Business purchase
  • Cars
  • Construction
  • Enhanced capital allowances
  • Environmentally beneficial
  • First year
  • Fixtures and fittings
  • Industrial buildings allowance
  • Intangible asset
  • Miscellaneous
  • Plant and Equipment
  • Writing down
  • Year-end planning

Capital gains tax

  • Allowances
  • Annual exemption
  • Antiques
  • Business property
  • Case law
  • Distribution on winding up
  • Divorce/separation
  • Domestic property
  • Enterprise investment scheme
  • Entrepreneurs' Relief
  • Exemption
  • Foreign exchange gains
  • Gifts
  • Goodwill
  • Holdover
  • Home as office
  • Husband/wife
  • Indexation Allowance
  • Joint ownership
  • Losses
  • Market value
  • Miscellaneous
  • Negligible value
  • Offshore funds
  • Part disposals
  • Private residence relief
  • Reporting
  • Roll-over relief
  • Shares
  • Social investment tax relief
  • Taper relief
  • Tax bands
  • Tax breaks
  • Valuation
  • Wine
  • Year-end planning

Cars

  • Advisory fuel rates
  • Allowances
  • Authorised Mileage Rate
  • Benefits-in-kind
  • Capital allowances
  • CO2 emissions
  • Family members
  • Leasing
  • Loans
  • Miscellaneous
  • Private use
  • Scale charge
  • Vans
  • VAT

Children

  • Bank accounts
  • Child benefit
  • Childcare vouchers
  • Company car
  • Education funding
  • Gift
  • High income child benefit
  • Inheritance tax
  • Investments
  • Personal allowance
  • Tax credit
  • Tax planning
  • Trusts

Civil partner

  • Divorce

Companies

  • Associated
  • ATED
  • Close
  • Companies House
  • Corporation tax
  • Demergers
  • Dividends
  • Foreign
  • Incorporation
  • Loans
  • Miscellaneous
  • Moving profits
  • Offshore
  • Purchasing
  • Selling a company

Contractors

  • CIS scheme

Coronavirus

  • News

Corporation tax

  • Accounting period
  • Allowances
  • Annual return
  • Associated companies
  • Deductions
  • Disincorporation
  • Gifts
  • Goodwill
  • Joint companies
  • Losses
  • Miscellaneous
  • Offshore
  • Payment bands
  • R&D relief
  • Relief
  • Sponsorship
  • Tax bands
  • Transfer pricing
  • Year-end planning

Cryptoassets

  • Capital Gains Tax
  • Corporation tax
  • Income tax
  • Inheritance tax

Dividends

  • Distribution
  • Husband and wife
  • Illegal dividends
  • Maximum
  • Miscellaneous
  • Non-corporate
  • Timing
  • Vouchers
  • Waivers
  • Year-end planning

Domicile

  • Allowable capital losses
  • Non dom

Employees

  • Allowances
  • Benefits
  • Capital allowances
  • Casual
  • Children
  • Contractors
  • Directors
  • Disabled
  • Dividends
  • Employment status
  • Expenses
  • Foreign
  • Freelancers
  • Gifts to
  • Income tax
  • Loans to
  • Maternity leave
  • Miscellaneous
  • National Insurance
  • P11D
  • P35
  • Parental leave
  • PAYE
  • Records
  • Self-employed
  • Statutory maternity pay
  • Statutory sick pay
  • Tax codes
  • Temps
  • Termination
  • Training

Enquiries/investigations

  • Assessments
  • Bank account enquiries
  • Fishing letters
  • Inspectors' visits
  • Interest
  • Investigations
  • Miscellaneous
  • Penalties
  • Taxman's rights
  • Tribunals

Entertainment

  • Allowances
  • Business
  • Case law
  • Employees
  • Expenses
  • Miscellaneous
  • Tax-free limits
  • Third party
  • VAT

Expenses

  • Allowances
  • Annual returns
  • Benefits-in-kind
  • Case law
  • Dispensations
  • Home as office
  • Medical
  • Miscellaneous
  • Payment
  • Records
  • Repairs/renewals
  • Travel
  • VAT

Finance

  • Raising finance

Gifts

  • Capital gains tax
  • Charitable
  • Children
  • Employee
  • Gift aid scheme
  • Inheritance tax
  • Miscellaneous

Green taxes

  • Plastic packaging tax

HMRC

  • Administration
  • Announcements
  • Appeals against
  • Budget
  • Clearances
  • Dealing with generally
  • Enforcement
  • Errors
  • Forms
  • Guidance
  • Identity theft
  • Interest rates
  • Internal review
  • Making tax digital
  • Miscellaneous
  • Payments
  • Procedure
  • Repayments
  • Self-assessment

Husband and wife companies

  • Dividends
  • Divorce
  • Income shifting
  • Income splitting
  • Inheritance tax
  • Interest split
  • Joint property
  • Miscellaneous

Income tax

  • Allowances
  • Assessments
  • Capital gains tax
  • Cars/fuel
  • Case law
  • Children
  • Codes
  • Deadlines
  • Dividend timing
  • Gift aid
  • Gifts
  • Loans
  • Losses
  • Miscellaneous
  • Overpayment
  • Payment methods
  • Payments on account
  • Penalties
  • Personal allowance
  • Rates
  • Relief
  • Repayments
  • Returns
  • Scottish rate of income tax
  • Student loans
  • Tax avoidance schemes
  • Tax credits
  • Underpayment
  • Welsh rate of income tax

Inheritance tax

  • Agricultural property relief
  • Annual exemption
  • Business property relief
  • Case law
  • Deeds of variation
  • Enduring power of attorney
  • Exemption
  • Gifts
  • Insurance
  • Joint accounts
  • Marriage
  • Miscellaneous
  • Nil-rate band
  • Offshore
  • Potentially exempt transfers
  • Pre-owned assets
  • Property transfers
  • Quick succession relief
  • Returns
  • Syndicate agreement
  • Trusts
  • Using a will
  • Valuation

Insurance

  • Bond
  • Claim
  • Fee protection
  • Life
  • Permanent health
  • Recovery

Investments

  • AIM stocks
  • Allowances
  • Bonds
  • Capital gains tax
  • Enterprise investment scheme
  • Exemptions
  • Help to save
  • Interest
  • ISAs
  • Offshore
  • Scams
  • Social investment tax relief
  • Trust funds
  • Unit trusts
  • Venture capital trusts
  • Woodlands
  • Year-end planning

IR35

  • Definition of
  • Factors indicative of
  • Payment of tax

Loans

  • Bank
  • Benefit-in-kind
  • Directors
  • Employees
  • Family
  • Interest
  • Loan accounts
  • Miscellaneous
  • Mortgages
  • Student loans

Making tax digital

  • General

Married couples

  • Marriage allowance

National Insurance

  • Age exemption
  • Bands
  • Benefits
  • Class 1A
  • Class 2
  • Class 3
  • Earnings periods
  • Earnings threshold
  • Employee status
  • Employment allowance
  • Enforcement
  • Errors
  • Late payment
  • Miscellaneous
  • Overpayments
  • Rates
  • Rebate
  • Rental income
  • Self-employment
  • Six-year rule
  • Voluntary payments

News

  • Capital allowances
  • Capital gains tax
  • Cars, vans and fuel
  • Coronavirus
  • Corporation tax
  • Expenses
  • HMRC enforcement
  • Income tax
  • Inheritance tax
  • Making Tax Digital
  • National Insurance
  • News
  • Pensions
  • Property
  • Returns, forms and admin
  • Sole traders and partnerships
  • Stamp taxes
  • Status
  • VAT

Offshore

  • Amnesties
  • Capital gains tax
  • Companies
  • Homes abroad
  • Income tax
  • Investments

Partnerships

  • Limited liability
  • Tax returns

PAYE

  • Construction industry scheme
  • Employees' obligations to pay
  • Overpayments
  • P11Dd
  • Payment of via deductions
  • Payroll software
  • RTI
  • Taxable earnings
  • Underpayment of tax

Payments

  • Direct deductions
  • Payment options
  • Repayments
  • Tax summaries

Penalties

  • Appealing against
  • Careless or deliberate
  • CIS scheme
  • Interest
  • Money laundering
  • RTI
  • Self employed

Pensions

  • A-day
  • Allowances
  • Annuity
  • Auto enrolment
  • Contribution limits
  • Pension input periods
  • Personal
  • Relief
  • Schemes
  • SIPPs
  • SSAS
  • Tax-free lump sum
  • Tax rebate

Practice admin

  • Agent authorisation
  • Client contact

Profit extraction

  • Benefits-in-kind
  • Bonuses
  • Capital gains
  • Dividends
  • Miscellaneous
  • Remuneration package
  • Salary
  • Shares

Property

  • Annual tax on enveloped dwellings
  • Business asset taper relief
  • Buy-to-let
  • Capital allowances
  • Capital gains tax
  • Disadvantaged areas
  • Funding
  • Holiday lets
  • Home as office
  • Inheritance tax
  • Joint ownership
  • Lease
  • Letting's relief
  • Lettings relief
  • Main residence
  • Miscellaneous
  • Mixed-use
  • Option to tax
  • Overseas
  • Rental income
  • Repairs/renewals
  • Self-build
  • Stamp duty
  • Transfer
  • VAT

Residency

  • Tests

Returns

  • CIS returns
  • Company
  • Corporation Tax
  • Deadlines
  • Enforcement
  • Entries
  • Errors
  • Incentives
  • Late submission
  • Miscellaneous
  • Online
  • Paper
  • PAYE
  • Penalties
  • Personal
  • Posting
  • Quality standard
  • VAT

Self assessment

  • Penalties
  • Procedure
  • Trading and property allowances

Shares

  • Buy-backs
  • Capital gains tax
  • EMI scheme
  • Employer share schemes
  • Gifting
  • Husband/wife
  • Inheritance tax
  • Loss relief
  • Miscellaneous
  • Negligible value
  • Valuations
  • year-end planning

Stamp Duty

  • Miscellaneous
  • Penalties
  • Rate

Succession planning

  • Family
  • MBO

Tax

  • Income tax

Tax credits

  • Tax credits
  • Working tax credits

Tax liability

  • Determination
  • Special relief

Trusts and estates

  • Self assessment

Vans

  • VAT

VAT

  • Agents
  • Allowances
  • Appeal
  • Assessments
  • Bad debt
  • Barter trade
  • Benefits-in-kind
  • Capital goods scheme
  • Case law
  • Cash accounting
  • Charities
  • Construction
  • Deposits
  • Deregistration
  • E-commerce
  • Education
  • Entertainment
  • Errors
  • EU sales
  • Exempt supplies
  • Flat rate
  • Global accounting scheme
  • Groups
  • Holding company
  • Input tax
  • Late returns
  • Margin scheme
  • Membership fees
  • Miscellaneous
  • MOSS
  • Option to tax
  • Output tax
  • Partial exemption
  • Payment
  • Periods
  • Prompt payment discount
  • Property
  • Rates
  • Reclaiming
  • Records
  • Registration
  • Returned goods
  • Returns
  • Schemes
  • Self billing
  • Staff clothes/equipment
  • Standard rate
  • Stock value
  • Surcharge
  • TOGC
  • Tribunal
  • Unjust enrichment
  • Voluntary disclosures
  • Zero-rated

Wages/salaries

  • Benefits
  • Bonuses
  • Directors
  • National Insurance
  • National minimum wage
  • PAYE
  • Pay in lieu of notice
  • Payroll
  • Remuneration packages
  • Sacrifice schemes
  • Sick pay
  • Spouses
  • Tax codes

Digital only - the green way

  • Direct to your inbox by email, every month
  • 24/7 online access to the digital version (website + app)
  • All previously published articles readily available in our online database

In the most recent issue you'll find advice on...


Year 10 - issue 11 - 28.03.2024

BUDGET

How does the Budget impact clients?

Following on from January’s reduction in Class 1 NI, the 2024 Spring Budget continued to focus on individual taxpayers. What were the highlights for your clients?

DOMICILE

Non-domiciled regime set to be axed from 2025

Clients who are UK-resident, but not UK-domiciled, for tax purposes will no longer be able to use the remittance basis to shelter overseas income and gains from April 2025. A new residence-based system will be rolled out instead. What do we know so far?

R&D

R&D tax relief changes made clear

A number of changes to research and development tax relief will apply to companies for accounting periods beginning on or after 1 April 2024. Why are these changes being made, and why will your SME clients be particularly affected?

INHERITANCE TAX

Saving IHT with a letter of wishes

The inheritance tax (IHT) exemption for gifts between spouses looks generous but may ultimately do no more than defer tax. How can your clients use a letter of wishes to turn the exemption into real tax savings?

STAMP DUTY LAND TAX

Budget brings changes to SDLT

Stamp duty land tax is paid by the buyer of legal interests in property located in England and Northern Ireland. The 2024 Spring Budget made a number of changes, so which are the key ones that may affect your clients?

PROPERTY

Tax implications of property exchanges

A client is looking to downsize and has agreed with a friend to swap their main residence. They also jointly own two investment properties with their brother which may benefit from being separated into sole ownership. What are the key tax issues to consider and will both exchange transactions be treated the same?

VAT

Management charges between connected companies

One of your clients owns two companies and wishes to move profits between them. Another client has a holding company that wants to charge its trading subsidiaries for its services. What VAT issues must they consider before making management charges?

TAX CASES

Was return notification enough to uphold late filing penalties?

TAX CASES

Was ignorance of the law an excuse?

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