Entries by Mark

Save money & hassle with our latest PDF newsletter!

Check out our latest A4 newsletter — which is jam-packed with ways to save money when dealing with your tax affairs and is more comprehensive than our recent e-newsletter. Savings include our 5% Early Bird discount for help with your tax return or accounts before Christmas, our offer to reduce your Taxfile bill by a […]

Beat The January Rush and Save!

TaxFile are offering a 5% reduction for clients who can submit their accounts to us before December 21st this year. This helps both of us — you receive a 5% reduction in your bill and it eases the rush in the New Year, our busiest time. For example you could use this opportunity to reduce […]

Buy-to-let Changes Are Coming — Landlords Beware

A warning and reminder to landlords: the Chancellor’s Summer budget back in July will hit buy-to-let investors’ profits once the changes kick in, so now is the time to start planning ahead. Not all landlords will be affected though; if their rental property is mortgage free or if they sell within the next 2 years […]

Hosts renting out rooms to be targeted by HMRC

Hosts who rent out a spare room could soon see themselves being straddled with an unexpected tax bill if companies like ‘Airbnb’ are forced to share data with UK authorities. Airbnb, the website that allows you to list, find or rent a room in a private residence, has announced that it now has to share […]

Summer Budget 2015 – Key Tax Takeaways

The Summer Budget was announced last week and in this blog post we’ll take a look at only those changes which will affect ordinary taxpayers and SMEs. In his opening remarks, the Chancellor of the Exchequer, George Osborne, promised: A Budget … to keep moving us from a low wage, high tax, high welfare economy; […]

Case Study: a high rate taxpayer in a complex tax situation

The Client A new client, Mr ‘K’,  is a higher rate taxpayer who previously used to file his own tax returns. The Problem Mr K got into a complicated financial situation in 2013/14 due to having received redundancy pay, severance pay waiver, investment income, PAYE income and pension income. He needed professional guidance and advice […]