Are any crypto activities tax free?
Buying crypto with fiat currency is tax-free. Holding crypto is tax-free. Transferring crypto between your own wallets is tax-free. Donating crypto to charity is tax-free. Gifting crypto to your spouse is tax-free (take advantage of unused capital gains allowances). Did you know all about these? And do you know what type of crypto transactions are…
Can HMRC Track Your Crypto? You Might Be Surprised!
How do you feel about HMRC tracking your crypto transactions? Let us know in the comments!
Avoid the UK’s 60% Tax Rate
In the UK, earning over £150K means you’ll face a 45% tax rate on your salary. But, did you know there’s a sneaky 60% tax trap for those earning between £100K and £125K? That’s right, the £25K in that range is taxed at a whopping 60%. Every £2 you earn over £100K means your personal…
Do not give the HMRC a red flag to investigate you – play safe!
It’s absolutely essential to be aware of the common triggers that can prompt an HMRC investigation. These investigations can waste a lot of your time, incur a lot of cost in getting someone to help you, and can also lead to a substantial penalty. So it is very important to know these 5 triggers and…
Take Advantage of Mortgage Interest Relief in UK Tax Filing
Hi everyone, I’m Keith Griggs, a Deloitte trained chartered accountant . I want to help you understand better the mortgage interest tax deduction relief for investment properties in the UK whether owned personally or by a company. When you own a rental property personally, the mortgage interest is not deductible in the initial calculation of…
Hire me by the hour to be your part time CFO
Hire me by the hour to be your part time CFO, financial controller. You would also have access to my team so we could provide any accounts dept services that are needed. I am a Deloitte trained chartered accountant with 20 years experience working in the accounts departments of SMEs as financial controller and CFO…
Let’s Take Your Business To The Next Level
Do you want to take your business to the next level? Then consider a part time CFO. Here are some of the benefits: Financial expertise: brings a high level of financial expertise to the company, which can help the business make better financial decisions and improve overall financial performance. Information: can set up dashboards and…
The Dark Side of Energy Subsidies: Small Businesses Speak Out
I’m going to be discussing the impact of energy subsidies on small businesses in the UK. Should the government help small businesses in the face of these challenges? Or should it just let them sink or swim in the free market? Share your thoughts in the comments.
Building Wealth One Habit at a Time: The Power of Million Dollar Habits
Today, I want to share with you some of the key points from the book “Million Dollar Habits” by Brian Tracy. 1. Habits are powerful tools that can help us achieve our goals and improve our lives. 2. We need to develop habits that align with our values and aspirations. 3. Setting goals, being organised,…
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