News from Baxter & Co, Chartered Certified Accountants in Orpington, Kent

Autumn Statement 2015

Autumn Statement 2015 Key Tax Points

November 25, 2015
Baxter & Co

Key points Effective immediately These measures come into effect for transactions on and after 25 November 2015: Relieving measure for charities connected to close companies. Where the trustees of the charity hold shares in the close company and the charity…

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Accountant in Kent

Buy to Let – The End of Wear And Tear Allowance

November 13, 2015
Baxter & Co

In our last blog we looked at the changing tax environment for buy to let landlords. One of those changes is the ending of the wear and tear allowance from next April. It is worth spending a few minutes looking…

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The tax raid on buy to let properties

September 8, 2015
Baxter & Co

Our last blog looked at the implications of the new dividend tax whose principal target is owner managed businesses. The other group targeted in the summer budget is residential landlords. Two major changes have been announced. First, the Chancellor announced…

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Eroding the benefit – Changes to the taxation of dividends

August 20, 2015
Baxter & Co

The surprise announcement in the summer budget last month was the introduction of a new tax regime for dividend income from April 2016.  At the time the details were sketchy.  We were told that the current 10% notional tax credit…

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I have a small company, does Auto Enrolment apply to me

I have a small company, does auto enrolment apply to me?

August 10, 2015
Baxter & Co

You may recently have received a letter from the Pension Regulator asking you to nominate a contact for auto enrolment.  But if you are a small company can you get out of auto enrolment? The starting point is that auto…

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Budget opportunities – sharing out the family wealth

July 27, 2015
Baxter & Co

The summer budget a couple of weeks ago included a number of interesting measures.  From a taxation perspective the most far reaching one is probably the proposed change to the taxation of dividend income.  This will have implications for many,…

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The recurring problem of duality: Deductions for business expenses

The recurring problem of duality: Deductions for business expenses

July 7, 2015
Baxter & Co

Trading expenditure whether in a company, sole trader or partnership is only allowed as a deduction if it is incurred ‘wholly & exclusively’ for the purposes of the trade.  The ‘wholly & exclusively’ rule is one of the oldest in…

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Year end planning for Businesses – 2014/15

March 11, 2015
Baxter & Co

In this second blog looking at year end tax planning we consider a few ideas for those in business. These are general planning ideas.  Please do contact us, if you would like specific advice or more information. Business tax Payroll…

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Year end planning for Individuals – 2014/15

March 5, 2015
Baxter & Co

With your tax return filed for 2013/14, it is time before the end of the tax year on 5 April, to undertake an annual review of your financial affairs to check if you are paying more tax than you need…

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Women are more likely than men to send in their tax return on time

January 14, 2015
Baxter & Co

Women are more likely than men to send in their tax return on time, an HM Revenue and Customs (HMRC) analysis has revealed. For every 10,000 tax returns received last year by HMRC from men, 394 were after the relevant…

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