Tax Reliefs for Property Investors

According to MCC Accountants in Salford there are various tax reliefs available for Property Investors  The expenses that should be allowable against your annual rental income : • Lettings management charge • Renovations Profit/Management Charge • Legal certification • Services provided by the landlord – water, electricity, gas, insurance, broadband • Mortgage interest payments •…

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Why HMRC is stepping up tax pressure on SMEs

In October 2014 HMRC announced that there had been an increase in the ‘tax gap’ – the difference in the money that HMRC collects from taxpayers and the estimated value that is owed. This rise in the gap has been blamed on mistakes in tax return forms and criminal tax offences however HMRC believe that…

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An optimistic future for SMEs

The future looks bright for British SMEs, as a recent survey by Albion Ventures, revealed that two thirds of small and medium sized businesses are expecting growth over the next two years. 62% expect either a ‘dramatic’ or ‘moderate’ growth, up from last year’s 59% – demonstrating an infectious optimism among business-owners. And the good news…

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An Overview of the Small Business Bill

It was revealed during the Queen’s Speech today that the government is introducing a new Small Business, Enterprise and Employment Bill. The bill has been designed to address the needs of small businesses, which the government has previously described as being lifeblood of the British economy. It tackles a range of issues which currently affect UK SMEs,…

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