If you are a property landlord errors in your bookkeeping can make it very difficult to monitor your profits and keep track of expenses, as well as monitoring yields on investments. 

Changes to Mortgage Interest Relief came into effect in 2020 a year on has much changed? Landlords have been limited to income tax relief at the basic rate of 20%. They have seen a large increase in their taxable profits and a corresponding drop in ‘real’ profits.

An Enterprise Management Incentive, or EMI, is a government‑backed, tax-advantageous employee share scheme. An EMI scheme offers significant tax incentives for employers and employees.

Something I have been asked several times recently is when should directors seek advice from an insolvency practitioner. My answer is always “as soon as possible”!

A vast majority of business owners either trade from home or, if they do require offices or a factory, either prefer to rent their premises on commercial terms or don’t understand the benefits of property ownership.