Many higher rate tax payers don’t know they can claim on their pension contributions Firstly, lets define what a higher rate taxpayer is. At the time of writing, a higher rate taxpayer is anyone with income over £50,271 in the tax year 2021/22, and they will pay 40% tax on income above this, rising to […]
Higher rate taxpayers are missing out on tax relief Read More »
Going green has never been so tax efficient! At NSG we promote all things green, and today we are talking electric cars. Fully electric cars are starting to become a realistic option for most when looking to upgrade their current vehicle. Not only can you show off your green credentials by investing in a zero
One of the most commonly asked questions when starting a new business is whether to setup as a sole trader or limited company. This is an important decision as it will affect matters such as the amount of personal risk you take, how you extract money and are taxed, ownership, and expenses you can claim.
Sole Trader or Limited Company? Read More »
Attention all rental property owners. Don’t miss the opportunity to utilise the increase in Stamp duty bands (SDLT), where properties with values up to £500k will not be charged SDLT up until 31st March 2021, 30th June 2021 (budget update). This could prove a valuable tax planning opportunity, especially where one member of a married couple
Stamp Duty Tax Saver! Read More »
