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Rising tax on residential property disposals from April 2020
Over the past five years, HMRC have increasingly targeted landlords and homeowners with a series of restrictions on tax reliefs. Few areas of property tax
Exchange to expand following merger
Pictured at the announcement are Fitzmaurice McConville co-founder Malachi McConville (second from left) with Exchange Accountants directors (l-r) William Gould, Conor Walls and Gary Laverty.
Carol Gough becomes a certified Virtual Credit Controller
In November 2019 we had the Chaser team (Alex Chenevix Trench and Ruth Mitchell) over in our offices to train our very own Carol on
Continued Success for the Exchange Team
Our team here at Exchange continue to be hugely successful when it comes to exams, its seems we have quite the intelligent bunch. Our most
Exchange are delighted to welcome our latest team member
Thanks to continued success the Exchange team has grown. Welcome to Hannah Lavery our latest trainee at our Belfast offices. Hannah joined us in October
New Data Protection Bill
The Government has published the long-awaited Data Protection Bill that will incorporate most of the provisions set out in the EU General Data Protection Regulation.
Claiming for employment related expenses
If you are employed, and this will include most directors, you can claim for expenses that you have paid for personally, to be set against
When is a replacement an improvement
We are often asked by landlord clients to clarify the difference between a replacement item of furniture, furnishing, household appliances or kitchen ware, and a
Tax free dividend squeeze confirmed
The government reintroduced the remainder of the March budget last week, it’s the part that was held-over to accommodate the May 2017 general election. It
30 hours free childcare for working parents
The Department for Education released the following press release last week regarding the new childcare support offer that commences from 1 September 2017. They said:
Tax Diary September / October 2017
1 September 2017 – Due date for Corporation Tax due for the year ended 30 November 2016. 19 September 2017 – PAYE and NIC deductions
Evidence of earning for mortgage purposes
If you are a client, and registered to submit a Self Assessment tax return, we can provide you with a statement that you can use
Claiming back professional subscriptions
If your employment requires that you obtain and maintain membership of a professional organisation, you can make a claim to set the cost against your
VAT bad debt relief
If you use standard VAT accounting – pay VAT on sales when invoiced and claim back VAT on purchases when invoiced – you may have
Common misconceptions about tax and letting property
HMRC has published a list of popular misconceptions that taxpayers have about letting property. We have listed below a summary of situations where you will
