For many landlords, property has been a reliable way to build long-term wealth. But as house prices have climbed, more and more estates are being caught by inheritance tax. Without careful planning, up to 40% of the value of your portfolio could be lost when it passes to your loved ones. The good news is […]
Inheritance Tax Planning for Property Landlords in the UK: What You Need to Know Read More »
What is MTD? Making Tax Digital (MTD) is a government initiative designed to modernise the UK tax system. Instead of paper records and manual submissions, businesses must keep digital records and use HMRC-approved software to file VAT, income tax, and corporation tax returns. The aim is to make tax administration more accurate, efficient, and easier
Making Tax Digital: A Simple Guide for Small Businesses in the UK Read More »
Buying a property for your business is a major decision—one that can offer long-term stability, potential tax benefits, and a valuable asset. But it’s also a move that comes with financial risks, legal considerations, and funding challenges. At King and Taylor, we help businesses in Sittingbourne and across the UK make smart financial decisions. In this guide, we’ll
Should You Buy a Property for Your Business? A Guide for UK SMEs Read More »
Working from home? You could be missing out on valuable tax relief With hybrid and remote working here to stay, thousands of UK employees and self-employed individuals are entitled to claim tax relief on work-from-home expenses. But are you claiming everything you’re entitled to? At King and Taylor, we help clients across Sittingbourne and beyond make the
Claiming Tax Relief on Work-from-Home Expenses: What You Need to Know for 2025 Read More »
Staying on top of tax deadlines is essential for any business owner. Missing important dates can lead to penalties, interest charges, and unnecessary stress. At King and Taylor, we help businesses across Kent, including Gravesend and Sittingbourne, stay compliant and organised. To make your year easier, here are the key UK tax deadlines for 2025 that every small
Key Tax Deadlines for UK Businesses in 2025 Read More »
If you’re a small business owner in Gravesend, you already know how important it is to stay on top of your finances. From tax deadlines to payroll, having the right accountant by your side can save you time, money, and stress. That’s why so many local businesses choose King and Taylor for expert, reliable accounting services tailored
Best Accounting Services for Small Businesses in Gravesend Read More »
If you’re a company director in the UK, deciding how to pay yourself—through a salary, dividends, or a combination of both—is a key financial decision that can significantly impact your tax liabilities. At King and Taylor, we regularly help directors understand the pros and cons of each method, ensuring they stay tax-efficient and compliant with HMRC.
How to Pay Yourself as a Director: Salary vs Dividends Explained Read More »
As cryptocurrency becomes more mainstream, more people are being paid for their work, side gigs, or freelance projects in digital assets like Bitcoin, Ethereum, or USDT. But if you’ve been paid in crypto, one question looms large: Do I have to pay tax on it? The short answer is yes — in the UK, getting
I Got Paid in Crypto – Do I Have to Pay Tax? Read More »
Purchasing a company car can be a great asset for your business, but if not planned correctly, it can also be a significant tax burden. Whether you are a business owner, a company director, or a sole trader, understanding the tax implications and benefits is crucial to making a tax-efficient decision. Here’s what you need
Buying a Company Car? Here’s How to Make It Tax-Efficient Read More »
If you have received a tax penalty from HMRC, you may be able to appeal it. Understanding the process can help you challenge the penalty effectively and potentially reduce or remove it altogether. This guide will walk you through the steps to appeal a tax penalty from HMRC, the valid reasons for appeal, and tips
How to Appeal a Tax Penalty from HMRC Read More »
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