Tax

1. Complete your Tax Return – Christmas is the time to get your tax return done so your accountant has a fighting chance of getting it to HMRC within the deadline. 2. Tax Deductible Christmas Party – You really enjoyed the annual staff party and seeing your staff enjoying the festive spirit.  It is good […]

Here are six ways you can cut your IHT costs, please note this is a brief overview and there may be exceptions to some of the methods presented in this article. If you wish to discuss your particular circumstances, please contact me, Philip Hunt on 01603 616300 or email me at philip.hunt@astonshaw.co.uk Gifts Gifting involves […]

The vast majority of people have not made a Will and the administration of their estates will fall under the intestacy rules, statutory rules which direct how an estate is to be distributed. Naturally these rules are arbitrary and will not divide your estate as you wish nor are they necessarily Inheritance Tax efficient nor […]

In the past I have referred to inefficiencies from an Inheritance Tax standpoint of not making a Will and the personal representatives of your estate having to pay Inheritance Tax early or unnecessarily. However we are not just talking about Inheritance Tax but your estate not being distributed as you wish. They say, ‘size doesn’t […]

Planning inheritance tax (IHT) is something we all need to consider at some point in our lives, and there are generally 6 key steps to the process: Step One: Families should first seek professional advice, as inheritance tax planning can be a complex process. We at Aston Shaw can work alongside solicitors to migrate the […]

The deadline for taxpayers who submit paper self-assessment returns is fast approaching – paper tax returns need to reach HMRC by midnight on 31st October 2015. Any paper returns received after this date, but before 31st January 2016, will incur a £100 late filing penalty.
Aston Shaw’s experienced Tax Department are available to advise and assist, ensuring you are able to submit your return with confidence.

In a recent article, we discussed an important part of this year’s Summer Budget, dividend reformation. Today we discuss another important aspect of the budget, Landlords Wear & Tear Allowance. The landlords wear and tear allowance may be a big contributing factor towards the income tax you may pay. If you own a furnished let […]

This article touches on a key change to the tax system announced in the Summer Budget 2015, the reformation of dividends. After 50 years of taxation law, the disposal of the dividend tax credit came as as a shock to many. For many years, basic rate taxpayers were able to extract income from their company […]

So, what’s it all about? One of the key changes to the tax system that was announced in this year’s budget was that end of year tax returns will soon be scrapped. The new system will involve logging in to an online system which can be used any time. George Osborne has claimed that the […]

On 22nd July 2015 HMRC issued a consultation document on this subject stating that by their estimation in 2012/2013, some £5.9bn tax was lost to the economy by businesses or individuals failing to declare a source of income. The basic idea is to collect data from third parties who facilitate trade either between businesses or […]