S R Lynn & Co·Blog

Income sharing trouble for separated couple

After a couple separated one spouse received income from letting the property she jointly owned with her estranged spouse. HMRC taxed all the income on her. Was it right to do so or should her spouse have been taxed on half the income?

Articles

If you owe tax for 2023/24 act now to avoid a fine

17th September 2024 by Joanne Stoneman

If you think you owe tax for 2023/24 and you haven’t told HMRC about it or been asked to complete a self-assessment tax return, you’re at risk of a tax penalty unless you take action now. What do you need to do?

When can ADR be used to resolve a tax dispute?

16th September 2024 by Joanne Stoneman

Changes to HMRC’s alternative dispute resolution (ADR) procedure in recent years have made it more accessible. If you’ve reached an impasse in a dispute with HMRC, might ADR be the solution?

Trade personal assets for tax-free cash from your business

12th September 2024 by Joanne Stoneman

You need some quick cash. You could take it as extra income from your company, alternatively it could lend it to you. The trouble is this can result in tax or NI bills for you and your business. How can you extract the cash more efficiently?

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