What tax reliefs can businesses in the creative industry claim?
To support the vibrant sector that is the creative industry, the Government offers an array of tax reliefs and expenditure credits.
Read more...20 Dec 2024
Month: December 2024
19 Dec 2024
Don’t let Self-Assessment become the Grinch that steals your Christmas
Christmas. A time of year for tinsel, turkey, tangerines, and… tax returns?
Read more...18 Dec 2024
Planning for tax changes to company cars during their lifecycle
As businesses plan their fleet strategies, recent changes announced in the Autumn Budget are set to impact the tax costs associated with company cars.
Read more...17 Dec 2024
AGS’s takeaways from the Budget and its update to Business Asset Disposal Relief
The recent Budget has introduced changes to Business Asset Disposal Relief (BADR), a vital tax relief for business owners looking to reduce their Capital Gains Tax (CGT) liabilities when selling part or all of their business.
Read more...13 Dec 2024
What does the abolition of the FHL tax regime mean for your BADR eligibility?
With the planned abolition of the Furnished Holiday Let (FHL) tax regime in April 2025, owners of FHL properties are facing changes to how their properties are taxed.
Read more...12 Dec 2024
Are pensions still a worthwhile investment?
The 2024 Autumn Budget announcements made by the Government have caused many to rethink their pension strategy and whether these are still a relevant and useful long-term investment. You may be wondering, for example, whether contributing to a pension (either through work or privately) is the most tax-efficient strategy considering the alternatives – like stocks, […]
Read more...12 Dec 2024
Should you review your portfolio before 2025?
Christmas is a busy time, but the start of a new year is always a good opportunity to take a closer look at your investment portfolio and prepare for the year ahead. The markets have been moving fast this year, and we think they will continue to see interesting trends in the next 12 months […]
Read more...12 Dec 2024
How to budget for life after work – Our retirement advice
Retirement is a goal that is achievable for almost everyone, but not without a comprehensive plan and financial strategy. Without one, you could find that you run out of funds to support your lifestyle in later years when the prospect of returning to work is a lot less appealing. We always suggest that you start […]
Read more...11 Dec 2024
Understanding company van expenses for sole traders
If you are a sole trader, you must consider the tax implications of owning a van for business use. For sole traders, a van is often an indispensable tool of the trade.
Read more...10 Dec 2024
Christmas cheer or tax liability? How trivial benefits impact your business
With Christmas right around the corner, many of you might be looking into ways to spread the holiday cheer among your employees. Maybe you want to give a box of chocolates to your executive assistant or a bottle of wine to your line managers – small gestures that brighten up the workplace. Unfortunately, it is […]
Read more...10 Dec 2024
Should you buy a double cab pickup before April?
If you are a sole trader or small business owner using a double cab pickup (DCPU) for your work, now is the time to consider your options. The Budget revealed a tax change for DCPUs that could have significant financial implications for both you and your business. Whether you are looking to expand your fleet […]
Read more...10 Dec 2024
What is the most tax-efficient salary choice for you after the Budget?
Directors have the ability to draw income from a business in several ways, including through the extraction of profits from the business, which can create significant opportunities to manage tax liabilities. Key tax rates and allowances for 2025/26 Here is what directors in England, Wales, and Northern Ireland need to keep in mind for the new tax […]
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