20/08/2021Personal Tax , Tax Issues , VAT
HMRC tax investigation can be a dreadful prospect, especially for the one who has never been through this phase. In the worst-case scenarios, the investigation can take longer duration than normal and its consequences can be stressful. But fortunately, it is rare. The fear of HMRC investigation is natural and understandable. However, this process shouldn’t …
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13/08/2021Personal Tax , Tax Issues , VAT
Find out what is self-assessment, who needs to complete a self-assessment tax return, when to submit one and what are the penalties you need to pay for late payments. Let’s delve into the details. There are over 12.1 million people in the UK that need to fill and submit a self-assessment tax return to HMRC …
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12/08/2021Property , Tax Issues , VAT
If you’re a property developer, you can cut down the cost of VAT by reclaiming VAT on property development. But to do it, you need to be well aware of the applicable VAT rules for your development project. With the different VAT rules for new builds, commercial properties, sale, and lease of the property, it …
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11/08/2021Landlord , Personal Tax , Tax Issues , VAT
Taxes are always unexciting. However, if you want to buy or sell a property in the UK, you need to know the ins and outs of property taxes in the UK. So let’s delve deep into it. Currently, the UK government is focusing more on imposing taxes on residential property. In this instance, certain changes …
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09/08/2021Personal Tax , Tax Issues
When a person dies, inheritance tax is levied on the estate that is transferred to the heirs of the deceased by the government. If you’re planning to transfer the ownership of your estate to your children and loved ones without any deductions to get the optimal benefit from your estate, you might be wondering how …
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03/08/2021Pension , Personal Tax , Tax Issues
Knowing how much is your pension lifetime allowance is important, as if you exceed this threshold it’d have hefty tax implications. So, let’s explore what pension lifetime allowance is, how to calculate and protect it. Let’s find out. Overcome your financial worries with CruseBurke! What is Pension Lifetime Allowance? This allowance is a …
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26/07/2021Landlord , Tax Issues
Whenever you buy a residential property or land above the SDLT threshold in the UK, you need to pay stamp duty land tax (SDLT) on it. But is Stamp Duty payable on the commercial property too? The answer is yes! Let’s dive into the details. Worried about Stamp Duty Land Tax (SDLT)? Get in …
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13/07/2021Limited Company , Tax Issues
Whether you want to establish a company, want to do research, or just trying to understand the financial terminologies of the accounts. Reading and understanding those accounts can be daunting if you lack a financial background. For this reason, we’re here to explore how to read company accounts as a beginner. The details and terminologies …
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04/05/2021Personal Tax , Tax Issues , Tax Saving Tips
In Oct 2018, the tax-free voucher was replaced by a tax-free childcare scheme. The childcare scheme is aimed at providing £2000 annually per child for child care costs. The childcare cost for disable children is up to £4,000 a year. But only 1 in 5 amongst 1.3 million families have registered for this scheme. Find …
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16/04/2021Landlord , Tax Issues
Many of our customers (especially landlords) often ask this question. The answer of which is quite simple, there is no way to avoid paying tax on rental income. Yet you can reduce your income tax on the amount you received as rent. To boost your net rental income there are multiple ways to save taxes. …
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Aamara Waqas2023-08-27Caroline Oake2021-11-14James Smith2020-08-11For 15 minutes work Mr Burke started with 150+VAT per hour for two hours to quoting 600+VAT.Maurizio Paolella2019-12-08Reliable professionals - I would certainly recommend.Anna Ruse2019-11-21After meeting Peter Burke at a local Networking group, Cruse & Burke Accountants have been handling my self assessment tax returns, since I started working on a self employed basis over 6 years ago. They are efficient and everything is done quickly and professionally, which is great for me, as I would otherwise not have a clue how to complete them myself. I can definitely recommend their services.Alan Harwood2019-10-22John Agbai2019-06-26Very professional and knowledgeable in all aspects of taxation. A great team to have onside.Simon Piller2019-04-03Susan provides a very efficient payroll service for me.Johanna Cargill2019-01-21Excellent, no complaints. Always willing to help!Rebecca Smith2015-04-20Fantastic customer service, would 100% recommend!!
