PERSONAL TAX

You can get tax relief on gifts to UK charities if you give under Gift Aid or through a Payroll Giving scheme or by making a gift of shares or land. We outline the reliefs available. Tax relief on gifts to UK charities is available if you give under Gift Aid or through a Payroll … read more Charitable giving

Information regarding the High Income Child Benefit charge which applies to taxpayers who have income over £50,000 in a tax year where either they or their partner receive Child Benefit. The receipt of Child Benefit can result in a tax bill. This potential bill brings the Child Benefit into the scope of self assessment and, … read more Child Benefit Charge

This factsheet considers the Savings and Dividends Allowances. Special rules apply to the tax treatment of interest and dividends. At SKZ Chartered Certified Accountants, we can provide guidance on the rules and help you minimize your income tax liability in Essex or surrounding areas. Dividend and savings allowances are available. We consider the opportunities and … read more Dividends and Interest

We look at how qualifying companies can get access to equity investment from new and, in some cases, existing shareholders. The Enterprise Investment Scheme allows qualifying companies access to equity investment from new and, in some cases, existing shareholders. The shareholders obtain potentially attractive tax breaks. At SKZ Chartered Certified Accountants, we can provide help … read more Enterprise Investment Scheme

You can get tax relief on gifts to UK charities if you give under Gift Aid or through a Payroll Giving scheme or by making a gift of shares or land. We outline the reliefs available. ISAs are tax-exempt savings accounts available to individuals. At SKZ Chartered Certified Accountants, we advise individuals on tax-efficient investments … read more Individual Savings Accounts

Outlining the Making Tax Digital regulations for individuals. Making Tax Digital (MTD) represents a significant change to the way in which taxpayers record their financial information and submit tax returns. At SKZ Chartered Certified Accountants, we can provide guidance on the key aspects of MTD for individuals in the Essex area. The government has started … read more Making Tax Digital for Individuals

An introduction to the taxation in the UK of income arising outside the UK for non UK domiciled individuals. We, at SKZ Chartered Certified Accountants, provide here an introduction to the taxation in the UK of income arising outside the UK for non UK domiciled individuals. If you live in the Essex area we can … read more Non-Domiciled Individuals

Under self-assessment an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time. We summarise the rules and penalties for failing to comply with your obligations. We summarise the self-assessment rules and penalties for failing to comply with your obligations. If you live in the Essex … read more Personal Tax – Self Assessment

Advice on when key tax payments under Self Assessment are payable. Under self assessment an individual is responsible for ensuring that their tax liability is calculated and any tax owing is paid on time. We summarise the tax payment rules and penalties for failing to pay on time. If you live in the Essex area … read more Personal tax – when is income tax and capital gains tax payable?

We consider what the key areas of for investing in property, looking at rental income, along with all the other costs and outgoings. Buy to let traditionally involves investing in property with the expectation of capital growth with the rental income from tenants covering the mortgage costs and any outgoings. If you live in the … read more Property investment – buy to let

Investment in property continues to be a popular form of investment. On the basis that the investment appears to make commercial sense what tax factors should you take into account? On the basis that the investment in property appears to make commercial sense what tax factors should you take into account? If you are considering … read more Property investment – tax aspects

This is an area that usually appeals to start up companies, and those that invest within them. We look at why this is the case and what to consider. The Seed Enterprise Investment Scheme complements the Enterprise Investment Scheme and is attractive to start up companies and investors in such companies. At SKZ Chartered Certified … read more Seed Enterprise Investment Scheme

The Statutory Residence Test provides, through a series of tests, a definitive process to determine the UK residence status of any individual. That status applies for income tax, capital gains tax and inheritance tax purposes. We consider the statutory residence test and outline rules and records required. If you live in the Essex area we, … read more Statutory Residence Test

Tax-Free Childcare provides tax relief for individuals on their qualifying childcare costs. This factsheet considers the key principles and requirements. Tax-Free Childcare replaced Employer-Supported Childcare, and has the advantage that the self-employed, as well as employed individuals, can make use of the scheme. At SKZ Chartered Certified Accountants, we can provide guidance on Tax-Free Childcare … read more Tax-Free Childcare

We highlight the main areas to consider in regard to tax planning for family members and the minimisation of tax liabilities. Husbands and wives are taxed separately and the tax position of any children is also a consideration. Marriage breakdowns can also have a considerable impact for tax purposes. We consider the relevant issues and … read more Taxation of the family

Venture Capital Trusts (VCTs) offer similar to breaks to individuals as the Enterprise Investment Scheme. They provide an opportunity to invest in unquoted trading companies via a VCT thus spreading the investment risk over a number of companies. Venture Capital Trusts (VCTs) offer similar tax breaks to individuals as the Enterprise Investment Scheme. VCTs are … read more Venture Capital Trusts