current-tax-regime-buy-to-let Changes are on the horizon for buy-to-let property owners. It is important to understand these. Separately, the interest on any mortgage or loan taken to buy, improve or maintain the property, is fully deductible.

hmrc-debt-recovery-powers HMRC is set to gain powers to collect tax debts directly from taxpayers’ bank accounts under the Direct Recovery of Debts (DRD) rules, Finance Act 2015. This is likely to be late September or early October 2015.

salary-versus-dividends One key question asked by contractors and freelancers when trading as a limited company, is, "how is best to extract income from the company?". It is important to understand the differences between drawing money as salary and drawing money as dividends, and the tax treatment of each.

car-ownership-FAQs The question of how best to structure the use of a car which is used partly for business and partly for private use, is common. Whilst each situation is specific to your individual needs, there are some general rules that apply and, that are worth knowing.