Accounting

This category contains 128 posts

Taxing Rental Income – Staying Updated

Investing in Buy-to-let properties (BTLs) remains an attractive prospect mainly because most people still view bricks and mortar as assets that, at the very least, retain their value. Another factor is that unlike shares and most other investments, a building is tangible. You can see and feel it. In this post, I will concentrate on … Continue reading

How much money can you take out of your company without paying income tax?

Let’s start with the 2015/2016 annual personal allowance (ie the maximum amount of money that can be earned this tax year without paying any tax). The limit this tax year is £10600 and it covers all types of income. It is just one allowance per year per individual. This means a maximum tax-free salary of … Continue reading

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