H M Williams Chartered Certified Accountants
Full of easy-to-follow tax-avoidance hints and tips on how to reduce your liability, both personally and in your business.
101 Ways to Pay Less Tax (2016/17):
Pay less tax this year by lowering your tax bill with this book of easy-to-follow "how to avoid tax" hints and tax saving tips from a team of pay-less-tax experts.
This 2016/17 edition of the bestselling 101 Ways to Pay Less Tax provides a wealth of tips to help you save paying tax. Every tax-saving tip is from a team of tax-saving experts at H M Williams Chartered Certified Accountants, a national award winning tax-saving specialist firm of chartered accountants.
The tax-saving tips included in this book are all legitimate ways to help reduce your tax bill - that is, showing you how to avoid tax rather than evade tax. And there's so much you can legally do to reduce your tax bill and pay less tax.
With tax-saving tips relating to:
Start to pay less tax NOW with 101 Ways to Pay Less Tax (2016/17).
About the Authors
Authors Ashley Smith and Iain Watson are accountants at HM Williams Chartered Certified Accountants and have been winners of the prestigious Butterworth Tolley Best Tax Team Award. The firm has also been awarded the coveted Daily Telegraph/Energis Customer Service Award in the Professional and Business Services, Small Organisation category.
Other Tax-Saving Guides from Lawpack:
101 Ways to Pay Less Tax (2016/17): Contents
General principles of tax planning
Working Tax Credits
Child Tax Credits
Use an accountant
Pay tax on time
The fundamentals of tax planning
For those with low incomes
Become a foster carer
The Personal Savings Allowance
For those with high incomes
Enterprise Investment Scheme (EIS)
Seed Enterprise Investment Scheme (SEIS)
Venture Capital Trusts (VCTs)
Community Investment Tax Relief
Maximise pension contributions
Use all your pension allowance
What income is free from tax?
Pension contributions and the over 50s
For married couples and civil partners
Equalise your incomes
Pay your spouse/civil partner to work in your business
Use the transferable tax allowance for married couples and civil partners
Claim a flat-rate expense allowance
Claim incidental expenses when travelling on business
Claim expenses against your employment income
Claim for the use of your home as an office
Submit your Tax Return on time
Join the company pension scheme
When losing your job
Would you pay less tax if you went self-employed?
Moving because of your job?
Short-term employment contracts
Tax-free benefits you can give to employees
Tax-free loans to employees
Vans have some tax-saving attractions
The best (and worst) ways of providing company cars
Claim approved mileage allowance payments for your car
Avoid the fuel tax charge
Own your own car rather than using your employer’s
For those running their own business
Introduce goodwill to create a large director’s loan account and pay very little tax
Don’t automatically reclaim VAT on fuel
The flat-rate VAT scheme
Annual Investment Allowance and First-Year Allowances
The benefit of short-life assets
Use your business’s losses
Have you claimed for all your business expenses?
Farmers and averaging
Claiming tax relief on interest
Get a state pension forecast well before retirement age
Don’t pay too much National Insurance
Deferral of your state pension
Winter fuel payments
Topping up your pension entitlement
Capital Gains Tax
Make use of the annual Capital Gains Tax exemption (1)
Make use of the annual Capital Gains Tax exemption (2)
Don’t overlook claiming relief for shares that are now worthless
Assets you can sell without incurring Capital Gains Tax
Enterprise Investment Schemes (EIS)
Seed Enterprise Investment Scheme (SEIS)
Venture Capital Trusts
Other investments with tax advantages
It can be a good idea to crystallise capital gains if there is going to be no tax to pay
Claim Rollover Relief
Time your sales to defer payment of Capital Gains Tax
Reduce or eliminate Capital Gains Tax on a second home
Check-up to see what your Inheritance Tax is likely to be
What gifts are exempt from Inheritance Tax?
Inheritance Tax business/agricultural property relief
Changes to the tax-free band
Can you save tax by going abroad?
When someone dies
Don’t overpay Inheritance Tax on assets that are sold
Remember to claim full probate costs when someone dies
Capital Gains Tax and Inheritance Tax considerations
Should I consider a deed of variation?
Take out a pension
Take out a pension even if you are not earning
Maximise your tax-free lump sum entitlement
Always take independent legal advice
Rent a room
VAT and rent
Have you claimed for all the expenses you can?
Claim the interest on any loan you take out to buy the property
Stamp Duty on buy-to-let properties
Do you and your spouse/civil partner jointly own the property?
Savings and investments
Individual Savings Accounts (ISAs)
National Savings and Investments (NSI)
Marriage and children
Give children assets when they are not worth very much
What are the best investments for children?
Plan separation and divorce carefully
And finally ...
Free HMRC explanatory publications – a good source of tax information
Use the Updates & Downloads section to: