CGT Releif And Allownces
When you dispose of a part of your business, there are several reliefs and allowances that you may be eligible to receive. If your business is eligible, the rate of Capital Gains Tax (CGT) may be significantly decreased, it could be deferred, or there may be no CGT required at all.
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Whether you are considering becoming a sole trader, limited company or even a partnership, we can offer you premium advice at competitive prices that won’t break the bank before you’ve even started. We will help build and nurture your relationships with the people that matter the most in your industry, as well as giving you the tools to move forward with confidence.
Accountants for Business Startup
Gaining professional accounting and tax support in the early stages of your business is vital for a better future and an improved grasp of opportunities open to your business. The use of expert accountancy and tax services to help register your company and keep track of compliance can greatly assist new start-ups in avoiding many of the problems that businesses often face before they can become fully established. We will advice you about tax implications on different startups type. Our experience and expertise in different sector have given us knowledge base to assist our client choose right type of business structure. We will do all the work for you and we will show you how to comply with law so you never become reliant and can have the level of control and knowledge over your business compliance.
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We care for our clients. Building and maintaining fantastic relationships is what we do best, we will never treat you as a number which is what makes our approach so unique. The highest level of customer service combined with a keenness to listen and work together with our clients means that we leave a stream of happy clients in our wake every single day. Our services come with unlimited help and support provided at no extra cost throughout the year.That help and advice will all come courtesy of your own fully qualified and dedicated small business accountant.
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Are you just looking for an answer to a general question? We always provide free advice to individuals and self employed persons. You can send us an email, call us or fill in the form. But you should be asking answers to general questions.
Roll Over Relief
Using our service, you can understand the CGT requirements of your business and focus on business growth and development.
Incorporation Relief
To learn more about the incorporation relief and whether you’re eligible, don’t hesitate to contact The Accountancy Solutions
Gift Hold Over Relief
By seeking help from one of the expert accountants, you will have peace of mind over the disposal of your business assets
Entrepreneurs Relief
With our comprehensive knowledge of business CGT, you can trust our professional team to keep your affairs in order
Frequently Asked Questions
Most frequent questions and answers
No we do not charge any fee for initial consultation. We will try to give you free guidance if its something you can do easily by yourself. We will only charge you if you appoint us to do some work for you.
We are giving free advice on general questions and this is one way of paying back to our local community who cannot get through to tax man. But if your question is of specific nature, we will tell you about our fee.
You can certainly ask question about accounting but you should know that we cannot teach you accounting over the phone or online. If you are not familiar with book keeping or accounting, its best to hire an accountant?
If you are only after advice, we will make a decision after hearing question. It may take further investigation and we may have to look into your personal circumstances to answer your question.
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Maintaining your NIC contributions Covid-19
If a person already has 35 qualifying years or is likely to do so by the time that they reach state pension age, missing a year will not adversely affect their state pension entitlement. However, if they have less than 35 years (and will be able to reach the minimum 10 years needed for a reduced state pension by the time that they reach state pension age) making voluntary contributions can be worthwhile.
Selling the Buy to Let property at a loss
While any gain on the sale of a property that has been the taxpayer’s main residence throughout the period of ownership is covered by private residence relief, the flip side is that if the main residence is sold at a loss, the loss is not an allowable loss for capital gains tax purposes.
Extracting income from a family company with no retained profits
Taking a loan can be tax efficient, particularly if paid back before the trigger date for the s. 455 charge. It may be an attractive option to get over a difficult period where a return to profitability is anticipated, allowing a dividend to be declared to clear to loan balance.