Blog
Tax Deductions for Travel and Subsistence Expenses
In this blog, we take a look at the rules around tax relief for travel and subsistence expenses for the self-employed, company directors and for employees.
Capital Gains Tax on Divorce - Rule Changes from April 2023
The Government is introducing draft legislation that contains two important capital gains tax changes that apply to separating and divorcing couples.
Spring Statement 2022 - A Summary
In our latest blog, we summarise the main points from today’s Spring Statement.
Year-End Tax Planning
With the end of another tax year on the horizon, we outline some tax tips to help ensure individuals utilise their tax allowances and maximise their tax efficiency.
Happy New Year! What about 31 January?
Happy New Year from TN Accountancy! We hope you had a lovely Christmas break. Once we have ushered in the new year, a lot of us turn our attention to the dreaded Self-Assessment tax return.
Autumn Budget 2021 Summary
Chancellor Rishi Sunak outlined the Government’s tax and spending agenda for 2022 today. We summarise the key points.
New Health and Social Care tax announced
A new health and social care tax is being introduced to help the NHS recover from the Covid pandemic and improve social care in England.
Tax-efficient childcare
Childcare is expensive; however, the tax system can provide a helping hand. In recent years, there has been a shift from tax relief for employer-supported childcare and vouchers to a Government top-up scheme.
We've Moved!
We are very excited to say that we are now settled in our new home!
Just a few steps away from the office there are independent shops, cafés and a lovely pub, as well as Calverley Grounds.
We Are Moving!
We are very excited to announce that we will be moving offices within Tunbridge Wells and will be in our new home from 5th July!
Buy-to-let or furnished holiday letting?
When looking for an investment property, there are various decisions that need to be made. If the intention is to let the property, one consideration is whether to go down the buy-to-let route or whether to look at a holiday let.
New super-deduction for companies
To encourage companies to invest, a new super-deduction is available for capital expenditure incurred within a limited two-year window.
Inheritance Tax Exemption for Regular Gifts
Regular gifts, when they can be classified as ‘normal expenditure out of excess income’ can fall under a valuable exemption which helps mitigate inheritance tax (IHT).
Tenant in common or joint tenants
In England, there are 2 ways in which property can be owned jointly – as tenants in common or as joint tenants. The way in which the property is owned can have tax implications.
National Insurance Contributions
From 6 April 2021 , new thresholds apply for National Insurance purposes in the new tax year, which are outlined in our latest blog.
Spring Budget Update with Maddisons
Following yesterday’s Budget by Rishi Sunak, our director Jack Sales caught up with James Richards, Director of Lettings and Land and New Homes at Maddisons Residential to discuss the headlines from the budget and how these will affect the property sector.
Budget 2021 - Key Points
The key points from the latest budget announced by Rishi Sunak, dominated by the battle to recover from the pandemic.
Update to tax on electric cars from April
During the current 2020/21 tax year, electric company cars are a tax-free benefit. This will no longer be the case for 2021/22, but electric and low emission cars remain a very tax-efficient benefit.
Upcoming changes to VAT in the Construction Industry
HM Revenue & Customs will be introducing a new set of regulations for VAT that apply to the construction industry, which come in to effect on 1st March.
Are you making use of your tax allowances?
We outline some tax tips to help ensure individuals utilise their tax allowances before the end of the tax year and maximise their tax efficiency.