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<title>Henton &amp; Co - Tax tip blog</title>
<link>http://www.hentons.com/blog.asp</link>
<description>Henton &amp; Co - Tax tip blog RSS</description>
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<item>
<title><![CDATA[Paying for school fees]]></title>
<description><![CDATA[If your company is likely to generate enough profits, get the grandparent to subscribe for shares in your company, which they then gift into a trust. The dividends paid on these shares can be used to fund the school fees.]]></description>
<rssdate><![CDATA[25/04/2008]]></rssdate>
<rsstime><![CDATA[13:50:13]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=93</link>
</item>
<item>
<title><![CDATA[Benefits In Kind]]></title>
<description><![CDATA[Provide medical check-ups for key employees, e.g. directors only. For 2008/09 these are a tax & NI free benefit in kind.]]></description>
<rssdate><![CDATA[24/04/2008]]></rssdate>
<rsstime><![CDATA[18:23:22]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=92</link>
</item>
<item>
<title><![CDATA[How to keep your tax rate down to 10%]]></title>
<description><![CDATA[Restrict your total salary and benefits to £5,435 in 2008/09 so the rest of your savings and dividend income is taxed at only 10%. You can even recover the tax you've paid at source on your bank interest.]]></description>
<rssdate><![CDATA[14/04/2008]]></rssdate>
<rsstime><![CDATA[17:17:20]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=91</link>
</item>
<item>
<title><![CDATA[Business Records for sole traders]]></title>
<description><![CDATA[There are a number of good reasons why setting up a separate business bank account is a good idea. Not least of which are that it will save you accountancy fees now and hassle with the taxman in the long-term.]]></description>
<rssdate><![CDATA[04/04/2008]]></rssdate>
<rsstime><![CDATA[11:54:19]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=90</link>
</item>
<item>
<title><![CDATA[Interest on Company Money]]></title>
<description><![CDATA[With the increase in CT rates and decrease in income tax rates from 5th April, 2008 there is in effect a 1% 'penalty' (rising to 2% in 2009/10)where surplus funds are held by the company rather than in your own name. To save this 1% tax, extract as much cash as possible from your company and invest it in your own name. The most straightforward and tax efficient way to do this is via a dividend.]]></description>
<rssdate><![CDATA[03/04/2008]]></rssdate>
<rsstime><![CDATA[18:08:21]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=89</link>
</item>
<item>
<title><![CDATA[off-setting the increase in corporation tax]]></title>
<description><![CDATA[Your company can still offset the upward move in CT rates by buying low emission cars. You can have another £1,400 in income from your company before paying higher rate tax, as the basic rate threshold increases from £34,600 to £36,000. ]]></description>
<rssdate><![CDATA[02/04/2008]]></rssdate>
<rsstime><![CDATA[13:47:01]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=88</link>
</item>
<item>
<title><![CDATA[Capital Gains Tax on Property Sales]]></title>
<description><![CDATA[Remember to deduct all the costs of sale and purchase, including the estate agent's and solicitor's fees. The stamp duty you paid when you bought the property is also deductible from the sale proceeds.]]></description>
<rssdate><![CDATA[31/03/2008]]></rssdate>
<rsstime><![CDATA[18:29:20]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=87</link>
</item>
<item>
<title><![CDATA[interest on over paid national insurance]]></title>
<description><![CDATA[If you received an NI repayment between 1993 and 2005 you may be entitled to some well overdue interest.]]></description>
<rssdate><![CDATA[20/03/2008]]></rssdate>
<rsstime><![CDATA[17:30:40]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=86</link>
</item>
<item>
<title><![CDATA[Capital Allowances]]></title>
<description><![CDATA[when construction is involved, minimise debate with HMRC by getting architects, quantity surveyors, builders and others to agree to what was achieved by the spend on each item.]]></description>
<rssdate><![CDATA[19/03/2008]]></rssdate>
<rsstime><![CDATA[15:04:05]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=85</link>
</item>
<item>
<title><![CDATA[Pensions - Cash back on property deals]]></title>
<description><![CDATA[Transfer an asset into your pension scheme to get a tax rebate for you and your fund. Depending on movement in market prices, you could even buy it back later and then transfer it in again when the price is right.]]></description>
<rssdate><![CDATA[18/03/2008]]></rssdate>
<rsstime><![CDATA[12:36:50]]></rsstime>
<link>http://www.hentons.com/blog.asp?show=84</link>
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