A Family Investment Company (FIC) is a private company structure in the UK, commonly used by families to manage and control their wealth while benefiting from the lower corporate tax rates compared to personal income tax. It can serve as an alternative to trusts for estate planning, providing a flexible way to pass on wealth […]
Inheritance tax (IHT) can be a challenging subject, especially for individuals domiciled in India who have connections or assets in the UK. Understanding how IHT rules apply to Indian citizens and how to navigate cross-border inheritance tax planning can help in managing potential liabilities effectively. Here’s a detailed look at how Indian domicile status impacts
Does an Indian Domicile Person Have to Pay Inheritance Tax (IHT) in the UK? Read More »
Are you someone who works independently in the UK, like a freelancer or contractor? It’s great to have the freedom to manage your own time and work, isn’t it? But there’s a tricky part to this independence: handling your taxes. It can be a bit overwhelming, and if you’re not careful, you might end up
Stop Overpaying! Common Tax Mistakes Freelancers & Contractors Make in the UK Read More »
In today’s digital age, remote working has become the norm for many Londoners. Whether you’re a seasoned freelancer or a small business owner running operations online, understanding the tax implications is crucial for both employers and employees. This guide aims to simplify the complex world of taxes for self-employed individuals, freelancers, and small online businesses
Tax Implications of Remote Working for London Employees in 2024 Read More »
Getting married is a momentous occasion filled with love, commitment, and, believe it or not, potential tax benefits! While financial considerations shouldn’t be the primary driver for marriage, understanding the available tax breaks can be helpful for couples planning their future together. This guide explores the tax benefits associated with marriage in the UK, focusing
Tax Benefits of Marriage in the UK: Understanding What Applies to You Read More »
Are you a hardworking parent in the UK, striving to make ends meet while juggling the demands of your career and family? Well, we have some exciting news for you! Thanks to the government’s Tax Free Childcare initiative, you can now save up to £2,000 a year on your childcare expenses. In this elaborate guide, we will
Tax Free Childcare: Save up to £2,000 a year on childcare for UK Families Read More »
The holiday season is not only a time for festive cheer but also a crucial period for businesses to strategize their tax accounting for the holiday season. As a small business owner in the UK, you can capitalize on tax-saving opportunities by implementing smart financial practices. In this guide, we’ll explore key tips to help
Tax Tips for Maximizing Your Business Profits during Christmas 2023 Read More »
As a Londoner with a household income of 20,000 pounds, you may be wondering if there are ways to save money on your taxes. Fortunately, there are several tax-saving techniques that you can take advantage of to reduce your tax bill and increase your take-home pay. At Brayan and Spencer Associates, we’ve helped countless clients
5 Tax Saving Techniques for Londoner with a Household Income of 20,000 GBP Read More »
When it comes to taxes, proper planning is crucial for both limited companies and sole traders in the United Kingdom from 2023-2024. By implementing effective tax strategies, businesses can minimize their tax liability, maximize their profits, and ensure compliance with tax regulations. In this blog post, we provided comprehensive and informative tax advice tailored specifically
Business Tax Advice for Limited Companies and Sole Traders in UK Read More »
This article will help you understand how self-employed people in the UK can save money on their taxes. We’ll share practical tips and strategies to get the most from your tax returns, deal with HMRC taxes, and manage different self-employment categories like independent contractors, sole proprietors, and partnerships. Self-employed individuals face unique challenges when it
How the UK self-employed are reducing their tax bill: Secret Hacks Read More »
