Tax

After the recent financial crisis which has left the economy in a state of disarray, individuals are claiming it is becoming harder and harder to make provisions for their retirement. With the increasing costs of daily life, people are finding it difficult to allocate their monthly income into a retirement fund. However the importance of […]

In front of a lively audience in the House of Commons today, Chancellor of the Exchequer George Osborne delivered his emergency budget, the first all-Conservative budget since 1996. Our tax consultant has been dissecting the changes; below are the major points from the Budget: The Key Points: New National Living Wage – starting from April […]

What is the Help To Buy ISA? The Help-To-Buy ISA is the latest government initiative which has been implemented to aid young couples and families who are struggling to get on the housing ladder. With the banks unwilling to lend unless the mortgage applicant has a higher deposit, the Help-To-Buy ISA is a government incentive […]

What is the Seed Enterprise Investment Scheme? The Government want to encourage enterprise and the creation of new high risk businesses for many of whom finding external funding may be difficult from the more usual sources. Specifically they are looking at companies which are unlisted and have fewer than fifty staff and gross assets of […]

Are you a landlord who lets rural houses and holiday property? If so, HMRC urges you to take the opportunity to get your tax affairs in order, as HMRC launches its latest Let Property campaign. The campaign began in April, and it allows any landlord of let property to catch up where they have either […]

The Chancellor delivered his autumn statement to a lively house of commons today, 3rd December.  Far from acknowledging that the economy had gone off track, the Chancellor asserted that whilst the reduction of the deficit was marginally less than forecast for this and next year, in subsequent years it would return to a surplus slightly […]

Personal Year End & Forward Planning The tax year ends on 5th April 2015 Key Points: Income tax planning Employment planning Business planning Capital gains tax planning Inheritance tax Pension planning Charitable giving To discuss the points in this brochure further, please get in touch with us at your local office: www.astonshaw.co.uk/contact-us or alternatively email […]

The Chancellor of the exchequer announced the Budget 2015 at midday today, delivering an upbeat assessment of the nation’s economic outlook and outlining a positive Budget which the Conservatives hope will put them in the commanding position in the pre-election polls. The Chancellor took the opportunity early on to boast about the nation’s growth that […]

Research conducted by the Association of Accounting Technicians (AAT) reveals that the tax system costs businesses up to £10bn in hidden costs a year, with SMEs (small and medium-sized enterprises) bearing the brunt. Results from a survey of 500 firms, show that each SME pays an average of £4,376 in tax compliance costs, which is […]

A potential clampdown is on the cards for all those who work via their own Personal Service Companies. Contractors could lose the ability to claim tax deductions for the cost of travelling to and from their clients’ premises. The government has stated that certain employment agencies and Umbrella Companies are abusing the current rules for […]