Watson Knipe Blog

We provide tax planning services for doctors and other medical professionals. There are different levels of service available depending on what your needs are, this includes personal tax planning, annual tax self-assessment returns as well as inheritance tax planning.

Over the summer, many businesses are quieter than normal as everyone takes time off over the school holidays. If it’s a quieter time for you, then it may be a good opportunity to get all your paperwork ready for the next tax return.

Each year we help our clients with their statutory accounts. We wanted to explain further what statutory accounts are for new businesses or businesses that have recently changed their company structure from a sole trader to a Limited Company.

We have summarised some key points from the Zoopla UK House Price June Index Report, published on 2 August 2022. The information will interest anyone considering buying or selling a domestic property and landlords and property investors.

We work with a variety of businesses from different sectors offering payroll services. Louise Warden is AAT qualified her main role is to support clients with payroll and auto-enrolment (workplace pensions). 

Over the past few years, there have been many changes to tax relief on interest payments for buy-to-let properties. This has resulted in landlords and property investors looking for more tax-efficient ways to manage their property investments.

In the Spring Budget, March 2022, some changes to R&D tax relief were announced. From April 2023, several changes were proposed to the regimes from both existing relief schemes, including the expansion of relief to cloud and data computing.

We have partnered with a software provider Hammock and quite a few of our landlords and property Investors have started to use this platform as it has helped them to manage their property portfolios more effectively.

We have reviewed the latest Zoopla UK Rental Report and created a summary of the key points that will interest landlords and property investors.

The Capital Gains Tax (CGT) and Inheritance tax (IHT) thresholds have been frozen until April 2026. In this article, we summarise what you need to know about both these taxes.

We have collated some important key dates for businesses. We hope this helps you with planning for deadlines well in advance.

As an employer, it’s important to keep up to date with changes in employment tax. We offer a payroll service and always ensure that our clients are kept up to date with these changes so they remain compliant and it also helps them with financial planning.

This article gives an update on Making Tax Digital, Corporation Tax Rates and Capital Allowances. There is also an update on The Residential Property Developer Tax which was introduced in April 2022.

We wanted to give you an update on personal tax following the Spring Budget in March 2022. It’s important to be aware of any changes that can impact your tax and to take advantage of any allowances available to you.

In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices for households and businesses.

This is a summary of the latest update issued by Zoopla, which we think will be of interest to Landlords and property investors. 

A recent announcement about the support to businesses still available through grants was made. They are encouraging companies to apply for the grant funding available to help them recover post-pandemic.

This week we received the latest Zoopla Rental Market Report for Q4 2021, and so we have summarised some of the key findings which we think will be of interest to landlords and property developers.

In April 2020 change in legislation meant that landlords could no longer deduct mortgage expenses from their rental income. This meant that they had to pay more tax than in previous years.

Hopefully, you will have filed your 2020 to 2021 tax return by the normal deadline of 31 January 2022. If you haven’t, read on as the HMRC has announced that they will waive late filing and late payment penalties for one month.

If you have tenants in your properties that claim Universal Credits, then it is important to know about the change in the payment process which is being proposed. The changes will apply to any new applications for rent arrears payments.