+44 (0) 1908 774323
   
Helen Beaumont

Essendon Tax

Independent tax consultants ...

Optimising income, For directors, a balancing act, Profit and purpose

Salary or Dividends: Optimising Income for Directors

Directors of limited companies must make informed decisions about their remuneration strategies. Optimising income for directors involves balancing salaries and dividends while considering significant changes to tax legislation ...

VAT on private school fees, A burden for some, Education's cost

How VAT on Private School Fees Triggered a 22.6% Rise in Education Costs

VAT on private school fees causes 22.6% increase in costs. Enrolment declines raise concerns for future of private education ...


It's crucial for online sellers to ensure that their income is accurately reported!

HMRC Taking A Good Look At Savvy Online Sellers

Online sellers react to HMRC's new data sharing initiative to tackle tax evasion. Mixed reactions from online sellers ...,


The 'Afsha Chugtai vs HMRC' case serves as an essential teaching moment in the realm of inheritance tax and trust law

Trusts Did Not Benefit Family in £442k Inheritance Tax Case

A recent case challenged HMRC's view on trust benefits in inheritance tax matters, highlighting complexities in tax law ...


Maximising tax relief on pensions is not merely advantageous, but essential!

Maximising Tax Relief on Pensions

Tax policy changes can impact individual financial planning. Strategic pension contributions can mitigate these effects ...


The consolidation of these small pension pots into a single pension scheme will benefit millions!

The Future of Small Pension Pots

The landscape of retirement savings in the UK is changing, especially concerning small pension pots ...


Working alongside a knowledgeable tax adviser who specialises in property means investors can safeguard themselves against costly misjudgments!

Stamp Duty: The £6.6M Property That Cost An Extra £475K

Few events are as nerve-wracking as encountering unexpected tax demands following a significant purchase ...


When it comes to tax on savings, savers should consider working with a tax adviser to mitigate the financial impact!

More Than 1.1 Million Savers Affected by New Tax on Savings

More than 1.1 million savers across the country have been impacted by a burgeoning tax on savings ...


Parents should also be aware of the 'seven-year rule' when gifting cash!

The Perils Of Gifting Cash To Your Children

Gifting cash for a property purchase is a common way parents support their offspring in securing a home ...


Rather than hiding your wealth, it really is in your best interests to make a voluntary disclosure to HMRC!

Do You Need To Make A Voluntary Disclosure To HMRC?

With the introduction of new computer systems, it is increasingly difficult to keep things hidden from HMRC ...


The ticking clock serves as a reminder that the opportunity to top up your state pension is finite!

Time is Running Out to Top Up Your State Pension

As individuals approach their retirement years, the importance of a robust financial plan becomes paramount. One often overlooked aspect is the potential to top up your state pension, particularly as a deadline is fast approaching ...

Inheritance Tax remains a significant concern for many!

Writing Life Insurance in Trust Can Benefit Your Estate

Inheritance Tax (IHT) is a complex and often daunting subject for many individuals and families ...


If some or all of your property could be used as a residence, then it falls under ATED!

ATED: Annual Tax On Enveloped Dwellings Deadline

Are you due to submit your Annual Tax on Enveloped Dwellings (ATED) soon? You may need to even with no tax due ...


Act now to take full advantage of the tax-free allowances available to you!

Don’t Miss Out on Your Tax Free Allowances

As the final weeks of the 2024-25 tax year approach, taxpayers are aware of an impending deadline: the 5th of April ...


Drivers who's EV costs less that £40K will pay £195 and if they cost more, they'll pay £600!

Many Electric Vehicle Owners Unaware of Looming Road Tax

EV ownership is set to undergo a transformation. Many EV owners are oblivious to a looming road tax bill ...


Embrace the opportunities that Deeds of Variation offer, as they may pave the way for better financial outcomes for your family!

Understanding Deeds of Variation

Dealing with the loss of a loved one is never easy, especially when coupled with the complexities of managing an estate ...


Navigate these changes effectively and protect yourself from additional Inheritance Tax!

Inheritance Tax: Understanding Double Taxation Risks for Pensions

The recent announcement of pensions and Inheritance Tax has significant implications for your financial planning ...


If you've been involved in a disguised remuneration scheme, you can expect to receive a letter from HMRC!

HMRC: Important Updates on Disguised Remuneration

HMRC knows that navigating the complexities of taxation concerning the Loan Charge can feel overwhelming ...


HMRC has set its sights on robust tax investigations in 2025!

Understanding HMRC's Compliance Priorities For 2025

The fiscal landscape continues to shift under the new government, and HMRC will ramp up its investigations in 2025 ...


It's about ensuring that you're compliant while still maximising the legitimate benefits of R&D tax relief!

HMRC Encourages Voluntary Disclosures for R&D Tax Relief Over-Claims

There are concerns about inaccuracies with R&D tax relief claims, so HMRC has launched a new disclosure service ...


While navigating the HICBC during a separation can seem overwhelming, understanding its intricacies provides clarity!

HICBC: A Guide for Separated Families

When navigating the complexities of family life, particularly during a separation period, one financial aspect that often goes overlooked is HICBC, the High-Income Child Benefit Charge ...

Here's some fun tax trivial for you to use instead of rubbish cracker jokes!

Wishing You All A Very Merry Christmas

With most of us finishing for the holidays this week, I thought I'd join the festivities and let you have some tax trivia ...


Embracing salary sacrifice is not merely a reactionary measure!

A Strategic Approach to Cost Management Using Salary Sacrifice

The increase in employers' national insurance contributions means it is crucial to explore salary sacrifice ...


The Government just performed a screeching u-turn so double cab pickups are still considered vans and are not cars!

Double Cab PickUps Are Still Vans And Not Cars!

Double cab pickups have long been a popular choice for many businesses, especially in farming and construction ...


Failure to heed HMRC's warning could yield significant financial repercussions down the line!

HMRC: Timely compliance is crucial for landlords

In a recent advisory, HMRC emphasised the importance of compliance for landlords with unpaid tax ...


The need for a thoughtful approach to CGT becomes even more apparent following Labour's first budget!

Navigating the complexities of changing CGT rates

The changes in CGT rates, as announced in Labour's first Budget, demand attention from business owners ...


The pathway to successful R&D tax relief claims lies in preparation, documentation, and informed compliance!

R&D Tax Relief: Common Pitfalls And How To Avoid Them

The R&D tax relief scheme encourages innovation and supports businesses that undertake qualifying activities ...


If your bathroom leads through to the Annexe then HMRC will have an issue with MDR!

How A Bathroom Access Issue Cost £64k In MDR

The case of Shine Business Limited serves as a cautionary tale for those seeking Multiple Dwellings Relief ...


Strategic planning will be integral in mitigating the impact of potential National Insurance changes!

A Closer Look At Possible National Insurance Changes

Significant discussions have emerged around a potential hike in employers' National Insurance contributions ...


Beyond just pensions, there are broader implications to consider as well!

Address Any Missing National Insurance Contributions Soon!

Individuals have just six months to address any missing NI contributions that affect their State Pension ...


By maintaining a clear focus on employee costs, businesses can adapt to whatever changes may unfold!

Anticipating Increasing Employee Costs In The Budget

As the Budget approaches, attention is shifting towards the potential impacts on employee costs for businesses nationwide. With reports surfacing that an increase in employers’ National Insurance contributions is under consideration, it raises questions for employers and employees alike ...

Click here to discover sBlogIt! The done-for-you blogging service