Frampton

The proprietor of any small business will tell you that life is simple until the day when you take on your first employee, for it is then that you find what "red-tape" really means. You become an unpaid tax collector and may even be fined for accidentally getting it wrong or sending forms in late. Actually, dealing with payroll should not be particularly difficult.

Seed Enterprise Investment Scheme, also known as SEIS or Seedeis, offers great tax efficient benefits to individuals while also encouraging investing in small and early stage start-up businesses in the UK. SEIS was designed to boost economic growth in the UK by promoting new enterprise and entrepreneurship.

Here at Frampton Accountants we specialise in both Corporate Tax Planning and Personal Tax Planning, both of which are extremely important. Below highlights some of the areas in which a tax strategy can really help both commercial and individual situations. Every profitable business in the UK has to pay tax, but many businesses pay more tax than is necessary.

Tax returns can be intimidating, complex and time consuming. The consequences of submitting incorrect information in your tax return can be serious, so it's worth taking time to seek professional advice, especially if you have complex financial affairs. Frampton & Co have a team of tax experts you can rely on us to give you peace of mind that your tax affairs are in order and will be dealt with efficiently and in a timely manner.

In the 2015 emergency budget the chancellor announced his plans to restrict relief for mortgage interest and other finance costs on residential properties to the basic rate of Income Tax. The landlord would then be taxed on this profit at their marginal rate of either 20% = 800, 40% = 1,600 or if their total income is over 150,000 at the additional rate of 45%.