Accountancy Newsletter #21

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Incorporation and profit extraction: tax tips

Does?tax motivated incorporation still have a place in light of tax changes coming in 2023??

Tax Freedom Day a week later than 2021

Tax Freedom Day falls a week later than last year on 8 June, reflecting the ever growing tax burden on individuals as 40% of income goes to taxman.

Energy bill grant should be taxed for second home owners

Second home owners will get a double payment of ï¿¡800 which could easily be taxed through self assessment.

HMRC targets businesses claiming entrepreneurs' relief

HMRC is sending ‘nudge letters’ to some taxpayers who sold shares in the year to 5 April 2020.