Accountants London - Latest Articles & Updates

Home \ Resources \ Latest Articles & Updates

Money Matters Jan 12

Windfall Pension

A friend of mine who has just retired received information about a Pension Scheme which he totally forgot he had. In the early 80’s I worked for a number of companies and feel sure that there would have been Pensions with them but I have no records now. How would I go about checking?

Taxing Times Jan 12

I have recently become self-employed and as part of my work I sometimes have to travel all day to meet customers. Am I able to claim expenses against my income for food that I buy when I am on these trips?

Money Matters Dec 11

Junior ISA’s

We have 3 grandchildren and would like to gift them each £5,000. Can we do this by investing in the new Junior ISA. Is there a tax implication?

Taxing Times Dec 11

I bought a buy to let property last year which I was able to let out quite quickly after buying it. I decided to fully furnish the property before letting it which cost quite a bit. I am now trying to prepare my tax return for last year and I am confused as to where I enter the cost of the furnishings on the return. Can you help?

Money Matters Nov 11

Tracker fund

I am considering investment in to a tracker fund on the basis they seem low cost and require no ongoing monitoring from me and the stock market seems to be at a low level. What do you think?

Taxing Times Nov 11

I am a teacher in a primary school but I also offer private tutoring to supplement my income. I have heard that HMRC are targeting people like me for more tax, what is this all about?

Money Matters Oct 11

Maximum Pension Contribution

The last 15 years have been dedicated to growing our company and we neglected pension planning until recently when we started investing the odd lump sum. As we are nearing our 60’s we want to start paying as much as we can in to our Pensions. What is the maximum that we or our company are allowed to invest?

Taxing Times Oct 11

I have a buy to let property that I bought about 8 years ago for £250,000. In the early years I never used to make a profit on the rental income as this used to be well covered by the mortgage interest. The current mortgage is around £100,000. With the low interest rates the amount of interest I pay is low and now I have a profit which is taxable. Is there any way I can shift some of the mortgage on my personal property to the buy to let to minimise tax? The property is valued at £300,000.

Money Matters Sep 11

Maximum Pension Contribution

The last 15 years have been dedicated to growing our company and we neglected pension planning until recently when we started investing the odd lump sum. As we are nearing our 60’s we want to start paying as much as we can in to our Pensions. What is the maximum that we or our company are allowed to invest?

Taxing Times Sep 11

I have built up a share portfolio over the years but with the recent collapse in share prices I am worried about losing any more value and I am considering selling the lot. Despite the recent fall in value I have made gains on some of the shares as I have had them a long time but some of them, such as shares in the banks, I have got quite big losses on them. What will be the tax position be if I sell?