Financially supporting your children by paying their university costs can prove to be very expensive if you’re a parent. Especially when you consider tuition fees, rent at the halls of residence, food etc - the costs soon mount up. However there are several ways of funding your children’s university costs tax effectively. Altering your existing share capital to fund university costs Normally when you form your company it is more straight-forward to have just one class of ordi

On Wednesday 22nd November 2017 the chancellor of the exchequer Philip Hammond delivered the 2017 Autumn Budget. Although there were no major surprises for small business in this article we cover the key changes from the budget that may affect you over the coming years. Personal Allowance The amount that an individual can earn tax-free will rise to £11,850 from 6th April 2018 (currently £11,500). This continues the general trend to increase this allowance year-on-year and th

Mistakes are easy to make, especially on your tax returns so can you amend them? Making an error on a personal tax return is not uncommon and HMRC make provision for taxpayers to amend their tax return providing this is done within one year of the original filing deadline. For example for a 15-16 tax return which had to be filed by the 31 January 2017 you have until 31 January 2018 to amend your tax return, as this is one year after the original online tax return filing dead