Blog
Mini Budget Summary
The government has announced its Growth Plan including many of the much-anticipated tax cuts designed to stimulate the economy.
Authorising your accountant with HMRC for capital gains tax on UK property
We provide a step-by-step guide to the process for an individual needing to file a capital gains tax on UK property return and authorising accountants to complete the return on behalf of clients.
Upcoming Tax Changes for Companies
In this blog, we take a look at three main tax changes that come into effect on 1 April 2023 for companies and outline what action can be taken to ensure companies are being tax efficient given the changes that are coming into effect.
Deferring Capital Gains Tax when Selling or Gifting Business Assets
In this blog, we look at the potential to claim tax relief to defer certain capital gains to a later date when business assets are sold or given away.
Leasing of Cars and Equipment
In this blog, we take a look at how different types of lease and finance are treated for tax purposes.
Business Entertaining
In this blog, we take a look at the tax implications of entertaining and give some guidance through the maze of rules in this area.
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.