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Using salary sacrifice to beat the rise in employer’s NIC - Go Figure Financial | Bookkeeping Services Manchester
One of the more unpopular Budget announcements was the rise in employer’s National Insurance from 13.8% to 15% from 6 April 2025. The...
Feb 32 min read


Reporting residential property gains - Go Figure Financial | Bookkeeping Services Manchester
Owners of investment properties and second homes may decide to sell up for a variety of reasons. They may wish to take advantage of a...
Feb 33 min read


Beat the SDLT deadline - Go Figure Financial | Bookkeeping Services Manchester
There is a stamp duty land tax (SDLT) deadline on the horizon – from 1 April 2025, there are changes to both the residential SDLT...
Feb 33 min read


FHL – relief for finance and investment costs from April 2025 - Go Figure Financial | Bookkeeping Services Manchester
Landlords letting furnished holiday accommodation have hitherto enjoyed a range of tax benefits, including the ability to deduct interest...
Feb 32 min read


Planned changes to agricultural property relief - Go Figure Financial | Bookkeeping Services Manchester
Protests by farmers following the October 2024 Budget have catapulted agricultural property relief (APR) into the spotlight. But what is...
Jan 43 min read


Gift the holiday let by 5 April 2025 to benefit from hold-over relief - Go Figure Financial | Bookkeeping Services Manchester
The favourable tax regime for furnished holiday lettings is to come to an end on 5 April 2025. This will mean that landlords of furnished...
Jan 43 min read


When a dwelling is uninhabitable - Go Figure Financial | Bookkeeping Services Manchester
Stamp duty land tax (SDLT) is charged at the residential rates on residential property and at the non-residential rates on...
Jan 43 min read


The tax implications of buying a commercial property at auction - Go Figure Financial | Bookkeeping Services Manchester
Purchasing a commercial property at auction is a common occurrence. Although usually the sale or lease of a commercial property is exempt...
Jan 43 min read


When would taking benefits in kind be more tax efficient than salary and dividends? - Go Figure Financial | Bookkeeping Services Manchester
For many years the most tax-efficient method of withdrawing monies from a company by a sole director/owner has been to take salary up to...
Jan 43 min read


Tax implications where an employer provides a van to an employee - Go Figure Financial | Bookkeeping Services Manchester
Benefits in kind (BIK) are goods and services provided to an employee (or a member of their family or household) for free or at...
Jan 43 min read


What to do if you cannot pay your tax bill - Go Figure Financial | Bookkeeping Services Manchester
As the cost of living crisis continues to bite, you may find that come 31 January 2025 you are struggling to pay your Self Assessment tax...
Jan 43 min read


Using the VAT flat rate scheme - Go Figure Financial | Bookkeeping Services Manchester
The VAT flat rate scheme is a simplified flat rate scheme which can be used by smaller businesses to save work. Under the scheme,...
Jan 43 min read


Is it worth paying voluntary Class 3 NICs? - Go Figure Financial | Bookkeeping Services Manchester
The payment of National Insurance contributions is linked to entitlement to the state pension. If sufficient National Insurance...
Jan 43 min read


Using ISAs to benefit from tax-free savings income - Go Figure Financial | Bookkeeping Services Manchester
A combination of higher interest rates and stealth taxation may mean that you are now paying tax on savings income for the first time. If...
Jan 44 min read


What expenses can you deduct if you are self-employed? - Go Figure Financial | Bookkeeping Services Manchester
If you are self-employed, you will pay tax on your taxable profit. In working out your taxable profit, you can deduct certain expenses...
Jan 43 min read


Impact of increase in SDLT supplement - Go Figure Financial | Bookkeeping Services Manchester
Despite the shortage in rental accommodation, investment in residential property is out of favour. In her Autumn Budget, the Chancellor...
Dec 3, 20243 min read


Time to sell the investment property? - Go Figure Financial | Bookkeeping Services Manchester
One of the few pleasant surprises in the Autumn 2024 Budget was that the Chancellor did not increase the rate of capital gains tax on...
Dec 3, 20243 min read


Maximise BADR on sale of the furnished holiday let - Go Figure Financial | Bookkeeping Services Manchester
The favourable tax rules that apply to furnished holiday lettings (FHL) come to an end on 5 April 2025. For many landlords, this may be...
Dec 3, 20242 min read


Pre-trading loan trap – sole trader v company tax relief - Go Figure Financial | Bookkeeping Services Manchester
Many start-up businesses take out loans to get going, e.g. to purchase stock needed to sell, or to make the first rent payment or rent...
Dec 3, 20242 min read


The impact of working from home on travel and subsistence claims - Go Figure Financial | Bookkeeping Services Manchester
Post pandemic, homeworking has become the norm, especially the increase in 'hybrid' working, i.e. spending part of the week at home and...
Dec 3, 20243 min read
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