The Marriage Allowance allows the transfer of up to £1,150 of unused personal allowance (£11,500) from one spouse or civil partner to the other. The tax saving could be as much as £230 for a couple in the current tax year.
For many organisations, the monthly financial close can be a daunting effort. In the run up to, and beyond, every month-end, finance teams frantically pull numbers together, check them for accuracy and completeness, and assemble them into a final set of management accounts and a set of board and regulatory reports. In many organisations the process is as clunky as it was 20 years ago or more.
From April 2019, the Treasury is proposing that gains made on any disposal of UK land and buildings by non-resident individuals or companies will be subject to UK tax. This is an extension of the existing provisions which currently apply only to disposals of UK residential property.
You will hopefully have seen our articles and posts in the past about the benefits of cloud accounting solutions like Xero and Quickbooks, which AAB are partners with. These are great solutions but only provide a snapshot of your finances based on historic data.