December 2018 - Whitefield Tax - Isle of Wight Accountants

Changes to Entrepreneurs’ Relief confirmed

by Jessica Garbett | Dec 21, 2018 | ACCA, budget, business taxation, capital taxation

The Budget included an announcement about Entrepreneurs’ Relief; make sure you are up to date with the latest rules. The usual pre-Budget rumours were doing the rounds regarding large scale changes to Entrepreneurs’ Relief. Post-Budget there is some relief in the...

Let property relief fallout from the Budget

by Jessica Garbett | Dec 19, 2018 | ACCA, budget, property taxation

Analysis of the CGT situation for LPR changes for landlords. In the October Budget, the chancellor announced changes which will impact on landlords’ capital gains tax position (where they are eligible for letting relief) from April 2020. These were: the final period...

AIA – a comprehensive first year allowance

by Jessica Garbett | Dec 17, 2018 | ACCA, budget, business taxation

An overview and worked examples of Annual Investment Allowance (AIA). AIA is effectively a 100% first year allowance for business expenditure on qualifying plant or machinery. The general rule is that qualifying expenditure is: expenditure on the provision of plant or...

Christmas Office Closure 2018

by Jessica Garbett | Dec 14, 2018 | administration, WhitefieldNews

This Content Was Last Updated on December 18, 2018 by Susan Albest Just to make people aware our office will close for the Christmas and New Year break at 3pm on Friday 21 December 2018. We will reopen at 9am on Wednesday 2 January 2019. If you have a company with a...

Crackdown on reckless directors

by Jessica Garbett | Dec 14, 2018 | ACCA, budget, business issues

Tougher penalties for directors who dodge debts. Following Royal Assent of Finance Bill 2019/20, the government has announced that directors and other persons involved in tax avoidance, evasion or phoenixism (a minority of directors who deliberately dodge debts by...

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Changes to Entrepreneurs’ Relief confirmed

Let property relief fallout from the Budget

AIA – a comprehensive first year allowance

Christmas Office Closure 2018

Crackdown on reckless directors

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