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Search results “Annual investment allowance” for the 2015
How Can Your Small Business Benefit From The Annual Investment Allowance?
 
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If you would like to know more about how your business can benefit from the new annual investment allowance, speak to an expert and contact Aston Black today on 01908 904794 http://www.accountantmk.co.uk/
Talk 1: An Introduction to Capital Allowances
 
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In this first talk, Ray Chidell – capital allowances expert and author of various books on the subject – introduces the series, gives an outline of the topics to be covered, and explains the first principles of claiming capital allowances. Ray looks at the meaning of capital expenditure, with reference to statutory provisions and the extensive case law, and with a particular focus on the case of British Insulated and Helsby Cables, and especially the concept of the “enduring benefit”. There is also a general overview of the Capital Allowances Act 2001. The two capital allowances books mentioned in the video are available at: http://www.claritaxbooks.com, and are discounted when bought together. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 11905 Claritax Books
Talk 24: Budget special – Annual Investment Allowances
 
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In this video, capital allowances specialist Ray Chidell looks at capital allowances issues arising in the recent summer Budget. Ray’s main focus is on the forthcoming reduction in the level of the annual investment allowance. He considers the transitional rules that apply for chargeable periods spanning 1 January 2016 and illustrates those rules with a worked example. Ray also picks up another change, announced at the time of the Budget, that will affect residential landlords. To receive a weekly notification as each talk is made available, email [email protected] Ray’s two capital allowances books are available at: http://www.claritaxbooks.com. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 518 Claritax Books
Annual Investment Allowance increased, how will it help you with your business investment?
 
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The ‘Emergency’ Budget 2015 - Wednesday 8th July 2015 Key Topic: Annual Investment Allowance increased, how will it help you with your business investment? - Chris Connor, Corporate Tax Partner For further information and guidance relating to the affect the 'Emergency' Budget 2015 may have on you and or your business please:- See our Budget Summary, hosted on our website www.streetsweb.co.uk. Email [email protected] Contact your local Streets office or usual Streets partner. Follow us on twitter using @streetsacc or connect with us on Linkedin. Or call 0845 8800320.
Views: 155 streetsacc1
Talk 32: Cars (continued)
 
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In this second video looking at the special capital allowances rules for cars, specialist Ray Chidell looks at the implications where a particular vehicle is classified as a car rather than as a van or as something else. Ray considers annual investment allowances and (briefly) first-year allowances, before focusing on the criteria for allocating cars to either the main rate or the special rate pool. Ray looks at the delayed tax relief where cars are sold and comments on the HMRC view that a restriction may still be applied for very expensive cars. Ray ends with a reminder that capital allowances are not given for cars owned by employees, even when used for work purposes. To receive a weekly notification as each talk is made available, email [email protected] The 2015-16 editions of Ray’s two capital allowances books are now available from: http://www.claritaxbooks.com. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 432 Claritax Books
Tolleys Capital Allowances 2014 15
 
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BOOK REVIEW TOLLEY’S CAPITAL ALLOWANCES 2014-2015 By Kevin Walton and David Smailes Tolley/LexisNexis ISBN: 978 0 75454 913 0 www.lexisnexis.co.uk CURRENT AND COMPREHENSIVE GUIDANCE ON CAPITAL ALLOWANCES – NOW IN A NEW 27TH EDITION FROM TOLLEY’S An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers Like all reliable books on tax, ‘Tolley’s Capital Allowances 2014-15’ aims primarily to provide practitioners and tax payers alike with advice and guidance on maximizing tax savings; in this case -- savings on capital allowances. Published annually by LexisNexis, the book is now going into its twenty-seventh edition, having demonstrably established its reputation and value over the years. Comprehensive and practical, it brings together in a single convenient volume the law and practice pertaining to capital allowances, thereby shedding considerable light on a number of related problem areas. The most obvious of these, as the authors remind us, is that under the UK direct tax system, the present capital allowance legislation presents an exception to the general principle that capital expenditure is not allowable in computing taxable income. What this book achieves is to clear up the confusion that can – and does – result from this apparent paradox. In fact, allowances are available for expenditure under a range of categories which are explained in detail. These include plant and machinery, renovation of business premises, research and development and a lot more. Note here that a particularly handy feature of the book is an alphabetized list (Appendix 1) of what exactly qualifies as ‘plant and machinery’, which by the way, is the most common allowance. The list ranges from advertising signs to loose furniture, window mannequins and zoo cages! Further advice on plant and machinery in buildings, together with related issues, is provided in Chapter 10 by capital allowances specialist Heather Britton who, in Chapter 18, has also written general guidance on planning principles for capital allowances. In this new and completely updated edition of this highly regarded text, you will find the latest information on capital allowances up to 1 July 2014, including the provisions of Finance Act 2014. New material also includes the temporary increases in the annual investment allowance to £500,000… new restrictions on allowances for renovations... and changes to the mineral extraction code. As the subject matter tends to be quite abstruse, the authors Keith Walton and David Smailes have helpfully designed the book for ease of use – a distinct advantage for practitioners under pressure, who will also appreciate the large number of worked examples available throughout the text, the numbered paragraphs throughout and the detailed table of contents and index. Also note the extensive table of statutes and the alphabetical table of cases, plus the handy list of abbreviations and references. The journal ‘Accounting’ has pointed out that ‘there are few existing publications on the subject and none as current or as comprehensive as this.’ Practitioners as well as accountants – and anyone advising on this area of revenue law will certainly benefit from the purchase of this book.
Views: 194 Phillip Taylor
CCA Part I 2015
 
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Description of Capital Cost Allowance, Depreciation, and Undepreciated Capital Cost Business Career College is a national financial services education provider. See our insurance, financial planning and continuing education courses, including self-paced and instructor led options, at https://www.businesscareercollege.com For great industry articles, follow on Twitter (https://twitter.com/JasonWattBCC) or like on Facebook (https://www.facebook.com/BusinessCareerCollege/).
Views: 10005 BCC Education
Talk 28: Enhanced capital allowances
 
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In this video, capital allowances specialist Ray Chidell considers so-called enhanced capital allowances (ECAs), a name used for first-year allowances that are available for qualifying expenditure on energy-saving and “environmentally beneficial” plant and machinery. Ray shows the types of expenditure for which these allowances are available, and outlines the key conditions for claiming relief. He also covers the related relief that allows loss-making companies to claim a non-taxable cash payment by surrendering the losses that relate to ECA expenditure. To receive a weekly notification as each talk is made available, email [email protected] The 2015-16 editions of Ray’s two capital allowances books can now be ordered at: http://www.claritaxbooks.com. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 287 Claritax Books
QUICK FINANCIAL TIP | PERSONAL ALLOWANCE
 
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QUICK FINANCIAL TIP | PERSONAL ALLOWANCE -- Have you ever felt restricted by your budget? Nothing left over at the end of the month for you to spend as you choose? The money you make is your's, right?! You should be able to spend it how you want, right?! If you've ever had these frustrations, try incorporating a personal allowance into your budget. What tips do you have to be successful with a personal allowance? What other 'Quick Financial Tip' videos would you like to see? Subscribe for new videos every Friday! Twitter: @FamFinPro Instagram: @FamFinPro Facebook: facebook.com/famfinpro Pinterest: pinterest.com/famfinpro www.famfinpro.com www.livewellutah.org www.extension.usu.edu
Views: 278 Amanda Christensen
Capital Allowances
 
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Paul Reynolds explains the complexities of Capital Allowances and why businesses could be missing out on this valuable tax claim
30 07 2015 Lifetime Allowance  and  Benefit Crystallisation Events
 
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A technical webinar on the lifetime allowance and benefit crystallisation events, including case studies and example calculations using benefit crystallisation events 5a and 5b.
Views: 1167 Intelligent Pensions
29 09 2015 Lifetime Allowance and Financial Planning Opportunities
 
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The focus of the webinar, using a number of case studies, is to highlight potential financial planning issues, pitfalls and opportunities when looking at the pension lifetime allowance with your clients.
Reinvestment Allowance
 
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Understand incentives under Income Tax Act 1967 and calculation of Reinvestment Allowance.
Views: 185 Abdul Halim
CCA Part II 2015
 
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Continuing the series on CCA, now covering dispositions, including terminal losses and recapture of depreciation Business Career College is a national financial services education provider. See our insurance, financial planning and continuing education courses, including self-paced and instructor led options, at https://www.businesscareercollege.com For great industry articles, follow on Twitter (https://twitter.com/JasonWattBCC) or like on Facebook (https://www.facebook.com/BusinessCareerCollege/).
Views: 4835 BCC Education
Radical change for UK pensions | FTFM
 
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs UK chancellor George Osborne says he is open to ‘radical change’ in the retirement system and the idea pensions are taxed in a similar way to ISAs. FTfm's Madison Marriage discusses the proposal with Dave Roberts, pension policy expert at Towers Watson. For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 3039 Financial Times
How to Calculate Your Annual Depreciation Allowance - iCalculator
 
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The annual depreciation allowance the IRS enables real estate investors to write off each year they own investment real estate is explained and calculated with iCalculator by ProAPOD. Learn more about all 62 real estate calculations you can make with iCalculator at http://www.proapod.com/real-estate-calculator.html
Views: 791 James Kobzeff
Talk 25: AIAs – pitfalls and planning points
 
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In this video, capital allowances specialist Ray Chidell looks at some practical issues relating to annual investment allowances. Ray begins by illustrating how the timing of expenditure over the coming months will have a major impact on the level of allowances that a business can claim. He also takes a look at the potentially confusing rules that govern AIAs where there is pre-trading expenditure. And he comments on two recent case decisions in which businesses were caught out by some of the legal niceties relating to AIAs. To receive a weekly notification as each talk is made available, email [email protected] The 2015-16 editions of Ray’s two capital allowances books can now be ordered at: http://www.claritaxbooks.com. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 179 Claritax Books
GE15 Manifesto Launch speech
 
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Speech given on Monday, April 20th. A Q&A session with the press was held directly following the speech: https://youtu.be/w3q8GopQJbs Scottish National Party leader and First Minister Nicola Sturgeon published the SNP manifesto for the General Election, pledging that a team of SNP MPs would be stronger for Scotland - and deliver progressive politics for the whole UK. The SNP General Election 2015 manifesto includes the following commitments: * The SNP are the only party offering an alternative to the Westminster cuts agenda. Our proposal for a modest spending increase of 0.5 per cent a year will enable at least £140 billion extra investment in the economy and public services. * For the NHS this will mean an additional £9.5 billion spending above inflation across the UK by 2020/21 - £24 billion in total. This will deliver a total increase for NHS Scotland of £2 billion. * We will back plans for an annual UK target of 100,000 affordable homes, and use additional capital investment to deliver a further expansion of house-building in Scotland. * We will back an increase in the minimum wage to £8.70 by 2020. * We will back the restoration of the 50p top income tax rate for those earning over £150,000. * We will support an increase in the Employment Allowance from £2,000 per business per year to £6,000, to help smaller firms take on and retain additional staff. * We will oppose the £3 billion cut in disability support that threatens to cut the income of a million disabled people by more than £1,000 a year. * We will vote the retain the triple lock on pensions and protect the winter fuel allowance. Ms Sturgeon said that ending austerity is the SNP's number one priority in this election: "This is a manifesto to make Scotland stronger at Westminster. The pledge I make to the Scottish people is this. If you vote SNP on 7 May, we will make your voice heard more loudly and clearly than it has ever been heard before at Westminster. "But I also want to make a pledge today to people in England, Wales and Northern Ireland. "We will seek to make common cause and build alliances with others of like mind across the UK to deliver the progressive change that so many want to see. More information: http://www.snp.org/media-centre/news/2015/apr/stronger-scotland-progressive-uk
Section 32 Depreciation Allowance for  Assessment Year 2015-16 for CA Inter Tax | IPCC Tax
 
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This is Just a Sample Video and not a Complete Video. Subject:- Income Tax Assessment Year 2015-16 Chapter:- Depreciation Allowance Speaker: Ms. Mansi Jain Click here to subscribe : https://www.youtube.com/videoclasses4ca Like us on facebook @ https://www.facebook.com/caclasses.in To get dvds or pendrives call or whatsapp 9990112455
Views: 9710 Manoj K Jain
'Help us to invest', say businesses
 
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The amount firms can invest in plants and machinery from pre-tax profits should be frozen at its current limit, a major business group has said. The British Chambers of Commerce (BCC) has urged the chancellor to make the current £500,000 annual investment allowance (AIA) for firms permanent. The allowance is due to fall to £25,000 at the end of December. The body argues the move would help to tackle "unacceptable business investment uncertainty". "This would help to achieve better balanced growth and to tackle the unacceptable uncertainty created by the constant chopping and changing of UK tax structures and incentives", the BCC said. The BCC, which represents businesses that employ more than 5 million people, has also urged the chancellor to widen the allowance so that it includes improvements to business premises. 'Warning sign' Business investment fell 1.4% in the fourth quarter of last year, a decline that the BCC says it expects to continue. The body has already more than halved its 2015 forecast for business investment from 7.5% to 3.5%, which it says would mark the slowest rate of growth for six years. BCC director general John Longworth said its lowered forecast was "a warning sign that more needs to be done". "A long-term investment allowance would give businesses of all sizes much-needed certainty," he added. The threshold has been changed frequently since it was first introduced in April 2008 at £50,000. Two years later, it was doubled to £100,000 for two years before being reduced to £25,000 and then temporarily increased to £250,000. In last year's Budget, chancellor George Osborne said the limit would temporarily be increased from £250,000 to £500,000 from 1 April this year until 31 December. The BCC's move follows similar requests from a host of other business groups. The manufacturers' association, the EEF, wants the current £500,000 allowance to be maintained, while the Institute of Directors has said it should be increased to £1m, and the CBI has said it should be made permanent at £250,000 from the start of next year.
Views: 4 TimeFlyingBy
Part I - Personal Pension Plan (PPP)
 
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Tax & Investment Strategies for Business Owners & Professionals Part I - Personal Pension Plan (PPP) - The PPP is a relatively new and unknown strategy for Canadian professionals and Business Owners. This strategy has some similar characteristics to strategies currently available but addresses some of their shortfalls. Some of the benefits of this strategy include: - Creditor protection of your assets - Annual contribution is tax-deductible to your corporation - Administrative and management fees of the pension are tax-deductible to your corporation - Broader range of investment opportunities than an RRSP - Higher annual contribution amount than an RRSP contribution
Budget 2015. How it Affects Your Business BCL77
 
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http://businessconnectionslive.com/ The Chancellor announced his Budget on18th March 2015. On this edition of Business Connections Live we talk to Matthew Hall, Partner and Head of Tax with Wilkins Kennedy LLP Matthew will be answering your questions on the fallout from the Budget and how your business can get to grips with how it affects you in the day to day running of your business. What you will Learn 1.What The Chancellor Said 2.What It Means 3. When Legislation Will Come Into Effect? You will Achieve Clarity on 1. Abolishing The Annual Tax Return 2. Tax Avoidance Legislation 3. Annual Investment Allowance 4. Deadline for Small Business Growth Vouchers 5. And much more... The end of the annual tax return will mean the end of the annual tax bill. This will be replaced by an online system allowing businesses to manage their tax on a regular basis, rather than as a major pressure to meet the current, in the Chancellor’s words, ‘Sword of Damocles’ of the January tax deadline. UK tax avoidance legislation has successively tried to win individual battles, rather than focus on winning the war. By legislating against specific avoidance schemes we have been caught in a vicious circle where new avoidance schemes emerge. UK tax avoidance legislation is a tangled web of statute and case law, with over 300 targeted rules. This needs to be unpicked and dovetailed together. Until the legislation relating to tax avoidance is simplified and properly constructed, the issue will not be adequately addressed. Taxpayers carrying out simple tax planning will be forced to trawl through a complex web of avoidance legislation. The Budget speech offered no clear guidance on what will happen to the reduction of the Annual Investment Allowance from January 2016, which is due to drop to £25,000. Encouraging entrepreneurial activity has been one of the central pillars of this Government and various initiatives and laws have been put in place to support this aim. Whilst the Chancellor indicated the allowance would be set at a ‘more generous rate’ than £25,000, with no clarity for businesses, it is safe to assume that investment decisions will be delayed. Matthew Hall is a Partner and Head of Tax with Wilkins Kennedy LLP Chartered Accountants and Business Advisers who provide a full range of accounting and business advisory services to a diverse range of businesses and individuals across the UK and abroad. http://www.wilkinskennedy.com/ Business Connections Live Programme 77 http://businessconnectionslive.com/ This is the Business Connections Live Channel on YouTube. Business Connections Live Programme 77. Broadcast 23rd March 2015 @bclbusinesstv
EJR Accounting and Bookkeeping Services
 
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EJR Accounting and Bookkeeping Services Call us on: 01252 856 294 Email us at: [email protected] Are you paying too much tax? We ensure your tax is calculated accurately and correctly, taking advantage of any Annual investment allowances or Capital allowances that may be appropriate. We also ensure you claim all of the allowable expenses applicable to your business. We will prepare for your annual Financial Statements and Tax Return and then explain to you the figures that have been produced. Nothing is filed with HMRC until you understand and agree with the figures. We complete Tax returns for Limited Companies – Corporation Tax Sole Trader – Self Assessment Tax Partnerships – Self Assessment Tax and the Partnership Tax return Private Individuals – Rental income, investment income You may be wondering whether to change from Sole Trader to Limited Company status – it is not a cut and dried case as some may think, we can provide advice on all the different things to consider. If you decide that you would like to set up a Limited Company – we can do that for you as well! We complete Tax returns for Private Individuals, Sole Traders, Partnerships and Limited Companies.
Views: 125 Insight60
Capital Allowances - New Rules - April 2014 Onwards
 
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If you deal in commercial acquisitions or have a client that holds a commercial property portfolio and wish to understand how the 'new' rules may affect you or your client, please do not hesitate to Contact Roger Hannah & Co direct. Free Due diligence provided: 0161 429 1662 - [email protected] The Capital Allowances Specialist.
Views: 304 Roger Hannah & Co
Introduction to UK Inheritance Tax
 
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For financial advisers only. This video focuses on UK IHT; the nil rate band, potentially exempt transfers and chargeable lifetime transfers. The discretionary trust tax changes referred to in this video did not proceed as planned. In place of this legislation covering additions made to discretionary trusts on the same day were introduced. The legal and regulatory details shown at the end of this video have been updated since the video was created. Please use the link below to view the most recent legal and regulatory details: https://www.oldmutualinternational.com/United-Kingdom/Legal-and-regulatory/
Talk 30: Special rate expenditure
 
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In this video, capital allowances specialist Ray Chidell takes a more detailed look at the concept of special rate expenditure. Ray lists the categories that constitute special rate expenditure, from integral features and some cars to solar panels, thermal insulation costs, and certain other types of expenditure. He then looks at the mechanics of restricting the rate of tax relief for such assets, as well as at the interaction with AIAs and with the special rules for small pools. Ray also touches on the anti-avoidance provisions that prevent businesses from avoiding the special rate restrictions. To receive a weekly notification as each talk is made available, email [email protected] The 2015-16 editions of Ray’s two capital allowances books are now available from: http://www.claritaxbooks.com. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 149 Claritax Books
Talk 33: Contributions
 
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In this video, capital allowances specialist Ray Chidell considers the treatment of contributions to capital expenditure. Ray first looks at the position of the contributor, examining the conditions that have to be met if the contributor is to be able to claim capital allowances. He then turns to the tax consequences for the recipient, explaining the circumstances in which the allowances claimed need to be restricted. Ray finishes by looking at how the rules may operate in the context of a landlord contributing to a tenant’s fitting-out costs, and touches on the interaction with the taxation of reverse premiums. The 2015-16 editions of Ray’s two capital allowances books are now available from: http://www.claritaxbooks.com. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 102 Claritax Books
Pension Saving Annual & Lifetime Allowance
 
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This presentation is intended to provide information only and is based upon our current understanding of the relevant legislation. The presentation should not be relied on as financial advice. If you have any questions or would like to explore further we would be delighted to assist you and would ask you to contact us on 01502 501922 or by e-mail to [email protected] Our website www.norfolkandsuffolk.co.uk, upon which full details of our service and regulatory status are available. The contents of the presentation are intended for UK residents only.
Talk 26: More pitfalls and planning points
 
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In this video, capital allowances specialist Ray Chidell looks at some further practicalities and planning points relating to plant and machinery allowances. Ray considers the timing of claims, issues a warning about refurbishments, and explains how a one-year delay in making a claim can have a dramatic effect on cash flow. He looks at a case where private use of an asset by a sole trader can actually improve the rate at which tax relief is given, and ends with a reminder of why it can be beneficial to restrict allowances in some circumstances. To receive a weekly notification as each talk is made available, email [email protected] The 2015-16 editions of Ray’s two capital allowances books can now be ordered at: http://www.claritaxbooks.com. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 84 Claritax Books
Talk 23: Professional and overhead costs
 
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In this video, capital allowances specialist Ray Chidell looks at the treatment of professional and preliminary costs in relation to a construction project. Ray comments on the concepts of overheads and preliminary costs, and turns to the three linked Wetherspoon decisions to look at how such costs should be treated when formulating a capital allowances claim. He shows how the approach by HMRC was categorically rejected by the Tribunals and how the HMRC guidance has since been modified to reflect the outcome. To receive a weekly notification as each talk is made available, email [email protected] Ray’s two capital allowances books are available at: http://www.claritaxbooks.com. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 469 Claritax Books
Talk 22: The definition of plant - challenging HMRC
 
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In this video, capital allowances specialist Ray Chidell brings together the statutory and case law considerations regarding the meaning of plant. Ray looks at the issue of pictures on the accountant’s office wall, and takes issue with HMRC’s line of reasoning. He examines the logic used by HMRC to disallow the cost of such pictures and argues that that logic is incorrect. Ray then asserts that the flawed approach taken by HMRC has led them to the wrong conclusion. To receive a weekly notification as each talk is made available, email [email protected] Ray’s two capital allowances books are available at: http://www.claritaxbooks.com. This talk was sponsored by Six Forward Capital Allowances. © Claritax Books, 2015
Views: 138 Claritax Books
Proposed Changes to IHT and the Main Residence and the Annual Allowance
 
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Thoughts on the operation and effect of the proposed £175k additional nil rate band for the main residence and the "linked" reduction in the annual allowance for high earners. Through Techlink Professional and Techlink Communicator we enable you to: • Be better informed. • Reduce risk. • Do more business. • Communicate better and smarter. • Save time. To access your free trial; go to www.techlink.co.uk/freetrial and request which trial option you require from the options shown. You will then be given 4 weeks free access to Techlink Professional and/or Techlink Communicator and an example of the Communicator content.
GE15 Manifesto Launch Q&A
 
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Q&A held after the speech given on Monday, April 20th [https://youtu.be/mnSB3OHbLW4] Scottish National Party leader and First Minister Nicola Sturgeon published the SNP manifesto for the General Election, pledging that a team of SNP MPs would be stronger for Scotland - and deliver progressive politics for the whole UK. The SNP General Election 2015 manifesto includes the following commitments: * The SNP are the only party offering an alternative to the Westminster cuts agenda. Our proposal for a modest spending increase of 0.5 per cent a year will enable at least £140 billion extra investment in the economy and public services. * For the NHS this will mean an additional £9.5 billion spending above inflation across the UK by 2020/21 - £24 billion in total. This will deliver a total increase for NHS Scotland of £2 billion. * We will back plans for an annual UK target of 100,000 affordable homes, and use additional capital investment to deliver a further expansion of house-building in Scotland. * We will back an increase in the minimum wage to £8.70 by 2020. * We will back the restoration of the 50p top income tax rate for those earning over £150,000. * We will support an increase in the Employment Allowance from £2,000 per business per year to £6,000, to help smaller firms take on and retain additional staff. * We will oppose the £3 billion cut in disability support that threatens to cut the income of a million disabled people by more than £1,000 a year. * We will vote the retain the triple lock on pensions and protect the winter fuel allowance. Ms Sturgeon said that ending austerity is the SNP's number one priority in this election: "This is a manifesto to make Scotland stronger at Westminster. The pledge I make to the Scottish people is this. If you vote SNP on 7 May, we will make your voice heard more loudly and clearly than it has ever been heard before at Westminster. "But I also want to make a pledge today to people in England, Wales and Northern Ireland. "We will seek to make common cause and build alliances with others of like mind across the UK to deliver the progressive change that so many want to see. More information: http://www.snp.org/media-centre/news/2015/apr/stronger-scotland-progressive-uk
Summer Budget: Changes to Pension Taxation
 
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In his 8 July Summer Budget, the Chancellor confirmed changes to: The Lifetime Allowance, The Annual Allowance, the operation of Pension Input Periods, and also launched a wide-ranging consultation on the future of tax relief on pensions. In this Xafinity webinar we summarise the changes, and then consider what they mean for pension schemes, and discuss what actions may need to be taken as a result.
Views: 193 Xafinity UK
HOW TO SHOW HOME LOAN INTEREST FOR SELF OCCUPIED HOUSE IN TAX RETURN?
 
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2 How to show home loan interest for self occupied house in ITR 1 tax return ? Project - Make Knowledge Free In ITR1 which column I can use for deduction under 24B ( Home loan Interest upto 2laksh)? Solution - By Amlan Dutta In ITR 1, you don't depict home loan interest separately ...Here's how you do it , you compute the compute entire income from house property and then show this income ( positive/negative ) under income head ... Let me make this clear with a example . Firstly property can be self occupied or let out (a) Self occupied house If suppose property is self occupied house and loan interest is 140000 Rs . Then this translates to house property income as = ( Net annual value - standard deductions ) (Std deductions are 30 % of net annual value and home loan interest under 24(b) .Note that Net annual value (NAV of a self occupied house is always zero ) = 0 - !40000 = -140000 Rs......you will be then required to put this value directly there (b)Let out house If suppose property is let out , again first arrive at income of house property = (Net annual value - standard deductions ). (Std deductions are 30 % of net annual value and home loan interest under 24(b) .Note that Net annual value (NAV of a self occupied house is always zero ) = Say X Rupees. You are then required to directly put the final value of this income in the income from house property field , . .( It is only in higher ITR's (ITR 2/3/4 ) etc that breakup is required and fields are given where you can directly put in interest component etc etc ...if you still get stuck , my watsapp is 0 9 1 6 7 0 0 2 3 2 7
Views: 55371 Make Knowledge Free
AIA Startup 36
 
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First programme of its kind that helps you to build your business. We believe in investing in potential, let us invest in you! Find out more: aialifeplanner.my
Views: 14001 AIA Malaysia
HMRC Self Assessment Income Tax Return Deductions and tax avoidance for the small limited company
 
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Self Assessment Income Tax Return Deductions and Allowances for the Small Limited Company. If you need further help please contact an accountant or take a look at "Buy 101 Ways To Save Money On Your Tax - Legally" on Amazon. Amazon.co.uk: http://goo.gl/Zh8SaO (This is an affiliate Link) Amazon.com: http://goo.gl/0KhVaM (This is an affiliate link) I’m Martin Robertson and those are my 5 Top Tips on reducing the tax bill for a small limited company. Please note that you should seek advice from a qualified accountant before implementing tips two to five. For more 5 Top Tips for small business visit the Tosh Lubek channel on YouTube, where you can also leave a comment and subscribe. Description Martin Robertson is a director of Martin Robertson Associates, Chartered Accountants Falkirk and We Are Business Transformers Ltd. Martin Robertson provides accountancy, taxation and business transformation services to small and medium sized businesses so is ideally placed to provide tax avoidance advice to the sole trader. Please note tax avoid is legal however tax evasion is illegal and we do not recommend or condone it.* At the end of January small limited companies will be busy completing their Inland Revenue Self Assessment or income tax return and pay their tax bill. To help reduce their tax bill they could look at implementing some or all of the following tax avoidance tips. One. Know Your Numbers. Prepare your financials using accounting software and keep it up to date at least at the end of every month. Two or three months before your year-end pass the figures to your accountant so that they can: Firstly, give you an idea of what tax you can expect to pay based on the figures. Secondly, and most importantly they can give you some tax saving ideas which you can implement by your year-end. Two. Extract the profits from the company by taking a small salary and dividends In the year to 5th April 2015, assuming your salary and dividends from the company are your only sources of income, you could take a salary of £10,000 and dividends of £28,650 and have no personal tax to pay. The company would pay corporation tax. Three. Consider making your spouse or partner a business partner. This tip is only relevant if your spouse or partner is actually involved in the business performing a role which is necessary for the business to function properly. Four. Employ your children in the business as long as they are performing functions necessary to the business and are old enough to legally employ. To justify a deduction against your taxable profits you should pay them at the market rate for the duties performed. Five. If your business needs to replace vans, equipment or computers and you can find the finance buy them rather than rent them. For example, if you need to replace a piece of equipment costing ten thousand pounds if you get ownership of it your profits will be reduced by £10,000 in the year you buy it. If you rent it for two hundred pounds per month you will only get a tax deduction of two thousand four hundred. To get your tax deduction as early as possible buy these assets before your year-end, not the month after. * We recommend you seek professional advice from a qualified accountant before implementing any or all of these tax avoidance tips. The tips are provided for general interest and may help reduce the tax bill of sole traders. For HMRC tax rates and allowances visit: https://www.gov.uk/government/publications/rates-and-allowances-income-tax/rates-and-allowances-income-tax For a BBC News article on the rules of tax avoidance see: http://www.bbc.co.uk/news/business-27372841 5 Top Tips video HMRC Inland Revenue Self Assessment or Income Tax Return tax avoidance ideas for the Small Limited company can be viewed here: http://youtu.be/-6b3j08kdlY 5TopTipsTV
Views: 7549 Tosh Lubek
5 Things to know before you submit your investment proof
 
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As we are running for the end of financial year, we have to submit investment declaration for the new financial year. For the same I have tried to share few things which will be helpful for you. Thanks for watching and join me. Share this video to all needy.
Views: 639 murga g
Top Tips for Picking Your ISA Fund
 
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The annual £15,000 tax-free ISA allowance has to be used by April 5, or investors will lose it. We outline some considerations before choosing your ISA funds for 2014/15. http://www.morningstar.co.uk -~-~~-~~~-~~-~- Please watch: "Should You Be Worried About the Economy?" https://www.youtube.com/watch?v=WUzqTPeI9IM -~-~~-~~~-~~-~-
Views: 2436 Morningstar UK
eTax.com How to Report Capital Gain or Loss
 
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http://www.etax.com Personal or investment property that you own is typically considered a "capital asset". Examples range from material items like a house or car, to investment items like stocks and bonds. A capital gain or loss occurs when a "capital asset" is sold. Capital gain or loss depends on the amount you receive for the asset versus what you paid for it originally. Any capital gains must be factored into your annual income. Capital loss is deductible as the result of investment property sale, however, not from personal property.
Views: 182 eTax.com
Download MONARCH CORPORATION Solution
 
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Download: http://solutionzip.com/downloads/monarch-corporation-solution/ MONARCH CORPORATION IS GOING TO START A NEW PRODUCT LINE OF PRODUCTS IN A WHOLE NEW MARKET. THE DATA FOR ANALYSIS IS PRESENTED BELOW: COST OF THE EQUIPMENT NEEDED $300,000 FIVE YEAR PROPERTY LIFE FOR TAX DEPRECIATION NEW WORKING CAPITAL NEEDS $75,000 WILL BE RECOVERED AT THE END OF THE THIRD YEAR PROJECTED NEW REVENUES: SALES PROBABILITY $275,000 30% $375,000 50% $475,000 20% COST OF GOOD SOLD 30% OF SALES VARIABLE CASH COSTS 10% OF SALES ANNUAL FIXED CASH COSTS: RENT $50,000 CLEANING $15,000 MAINTENANCE & OTHER $15,000 TOTAL FIXED COSTS $80,000 EQUIPMENT DISPOSAL PROCEEDS $30,000 SALVAGE VALUE AT THE END OF YEAR 6 FIRM'S COST OF CAPITAL 9.00% TAX RATE 35% NOTE - WHEN COMPUTING TAX A NET LOSS FOR THE YEAR A POSITIVE TAX SAVINGS IS CREATED SINCE THERE IS OTHER INCOME TAX ON OTHER INCOME TO OFFSET DEPRECIATION RATES FOR TAX PURPOSES: YEAR ONE 20.00% YEAR TWO 32.00% YEAR THREE 19.20% YEAR FOUR 11.50% YEAR FIVE 11.50% YEAR SIX 5.80% ASSUMPTIONS: ALL CASH FLOWS IN YEARS 1-6 OCCUR AT THE END OF THE YEAR. ALL INITIAL CASH INFLOWS OR OUTFLOWS OCCUR TODAY. REQUIRED: A. ASSUMING SALES ARE $275,000 COMPUTE THE PAYBACK, IRR AND NPV. FOR THE NPV COMPUTE AT BOTH THE FIRM'S DISCOUNT RATE AND 11%, WHICH IS A 2% PREMIUM ADDED TO THE RATE. B. COPY THE WHOLE WORKSHEET AND SOLUTIONS FOR PART A TO THE WORSHEET NAMED PART B, AND REDO THE COMPUTATIONS BY CHANGING THE ANNUAL SALES TO $375,000. C. COPY THE WHOLE WORKSHEET AND SOLUTIONS FOR PART A TO THE WORSHEET NAMED PART C, AND REDO THE COMPUTATIONS BY CHANGING THE ANNUAL SALES TO $475,000. Fill in all of the Cells below in Blue using the information given above. PART A YEARS 0 1 2 3 4 5 6 INITIAL INVESTMENT (NO INCOME TAX AFFECTS) COST OF THE EQUIPMENT NEEDED WORKING CAPITAL NEEDS TOTAL INITIAL INVESTMENT ANNUAL OPERATING RECEIPTS SALES LESS COST OF GOODS SOLD GROSS PROFIT LESS VARIABLE COSTS LESS FIXED COSTS LESS DEPRECIATION PROFIT BEFORE TAX LESS INCOME TAX PROFIT AFTER TAX PLUS DEPRECIATION TOTAL OPERATING CASH FLOWS SALVAGE VALUE ON EQUIPMENT PROCEEDS LESS TAX BASIS OF EQUIPMENT: COST ACCUMULATED DEPRECIATION TAX BASIS GAIN ON SALVAGE LESS TAX ON SALVAGE GAIN NET PROCEEDS ON SALVAGE RELEASE OF WORKING CAPITAL (NO TAX AFFECT) TOTAL CASH FLOWS - - - - - - - CUMULATIVE CASH FLOWS - - - - - - THREE METHODS OF EVALUATION PAYBACK YEARS INTERNAL RATE OF RETURN NET PRESENT VALUE AT 9.00% NET PRESENT VALUE AT 11.00%
Views: 34 Solution ZIP
What an Income Statement REALLY tells us - Case Study + Tutorial
 
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We analyse the income statement to determine London Coffee Company’s financial health using profitability margins and ratios. We interpret how these ratios change over time and their link to company strategy. Join thousands of learners. Take free finance lessons: https://bluebookacademy.com
Views: 4529 BlueBookAcademy.com
self employed tips to boost your pension
 
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It can be tricky when your income is irregular or you anticipate more pressing business needs in future. But a few smart moves can set you right fairly rapidly. Here, we look at six ideas to help self-employed workers boost their funds. Use the tax relief allowance: Some people those who have sold a new product, painting or received an advance, for example may only in certain years acquire money to pay into a pension. However, you can carry over unused allowances from the previous three years, provided you were a member of a pension scheme during that time. Claim back missed relief: the rules allow you to claim tax relief for the previous three years. In practice, this means the deadline is four years after the end of the tax year for which you are claiming. Employ your spouse If your husband or wife is on the payroll, make sure you’ve got a pension in place. You can pay up to 100pc of their salary into the scheme, adjusting your own earnings to compensate.Put your business in your pension Savers are blocked from putting residential property in a pension, but investing in commercial buildings is allowed. You can buy the premises where your business operates through a pension scheme to reduce your tax bills. For example, a veterinary surgeon might put their surgery in a pension. Recycle money after 55 Once you reach age 55, try pension “recycling” to boost your fund. Under this ploy you withdraw money from your fund and pay it back in to generate extra tax relief. It’s easier for self-employed people with more control over their incomes than company staff. Use a cheap plan designed for companies Companies such as Hargreaves Lansdown, Bestinvest and AJ Bell provide low-cost pensions for people who just want to put money in the stock market, rather than in commercial property or other esoteric investments. A little-known trick to cut costs to the bone is using Nest, the government-backed pension provider, which is open to self-employed people and charges only 0.3pc a year.
Views: 204 dailylifeshows
POWTOON SEC 3 (Group Hazim)
 
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FAQ Industrial Building Allowance & GST-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 198 Fatyn Hidayah
RBS: India Investment Outlook 2015 | View On Indian Equities
 
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Joining us on Market Hour last night were Rajesh Cheruvu- CIO at RBS Private Banking India & Mark McFarland- Chief Economist at Coutts. ET NOW’s Ajaya Sharma & Taneia Bhardwaj spoke to them about their thoughts on India growth recovery, predictions on Nifty and their overall India Investment Outlook. Listen in to this insightful conversation. Subscribe Now To Our Network Channels :- ET Now : http://goo.gl/5XreUq Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj -~-~~-~~~-~~-~- Must Watch: "PM Narendra Modi Backs Vijay Mallya Says Rahul Gandhi" → https://www.youtube.com/watch?v=Vlj1C4zEE44 -~-~~-~~~-~~-~-
Views: 258 ET NOW

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