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
- Support schemes
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 11 - issue 7 - 28.11.2024
HIGH INCOME CHILD BENEFIT CHARGEHICBC reforms axed in BudgetBehind the flagship Budget announcements was an important confirmation that planned reforms to how families are subject to the high income child benefit charge (HICBC) clawback will be scrapped. What’s the full story? |
NON-DOMICILERevised new direct tax rules for non-domiciled clientsThe government is taking forward some, but not all, of the proposed changes and transitional rules to the tax treatment of non-doms. What do these changes mean for clients who do not have a UK domicile and how should they plan ahead? |
CAPITAL GAINS TAXDealing with different forms of considerationOne of your clients has received an offer for the sale of their company. The offer letter includes a number of different consideration types, payable both upfront and deferred. What is the tax treatment of each type of consideration, and what are the key points your client needs to be aware of? |
EXPENSESBusiness trip with family: what can be claimed?One of your clients has to make an overseas business trip. She is taking her spouse and children, who will go sightseeing while she is working. Her personal company will pay for the trip and associated expenses. What are the tax considerations? |
BENEFITS IN KINDCars, vans and fuel: the position going forwardThe Budget contained a number of announcements relating to employer-provided vehicles. What advice should you relay to clients who already have (or provide) such vehicles, or are looking to do so in the near future? |
INVESTMENTSAvoiding problems with investment incomeFalling dividend allowances, rising interest rates and frozen tax thresholds may mean that clients need to pay tax on their dividend and saving income for the first time this year. Who do you need to pay particular attention to, and what should you do to help them? |
VATAre your clients dealing with disbursements correctly?A client, who provides professional services, often pays expenses and other costs on behalf of their customers and recharges them on their next sales invoice. Should VAT be charged on these expenses? |
TAX CASESPensions - when is a year not a year? |
IN THIS ISSUE: PLANNING FOR COMPANIESTax planning ideas for companiesOne of your clients is the CEO of a trading company. They have asked for a meeting with you to discuss ideas to improve efficiency without undertaking any off-the-shelf tax schemes. They are also considering raising some new capital in the medium term and want advice on the risk finance schemes. What kind of things might you review ahead of the meeting? |
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