As a landlord with an investment property, you’ll likely face taxes at various stages of the property's life cycle: when you purchase the property, while you’re letting it, and later when you sell or transfer ownership. In order to maximise the value of your...
At Bracey’s Accountants, we are committed to providing our clients with clear and comprehensive information on various business structures and financial instruments. One such structure gaining popularity is the Employee Ownership Trust (EOT). But what is an employee...
At Bracey’s Accountants, we recognise the importance of management accounts for businesses of all sizes. These reports provide vital insights into financial performance, aiding in informed decision-making and strategic planning. This guide will walk you through how...
At Bracey’s Accountants, we understand that keeping a close eye on your business’s financial health is crucial for making informed decisions and driving growth. One essential tool that can help achieve this is management accounts. For small to medium-sized businesses...
The Economic Crime and Corporate Transparency Act was passed on October 26th 2023 with the intention of combating economic crime. This will have direct implications for businesses in the UK, who may need to make alterations to their filing processes and account...
In the world of childcare, many professionals have chosen the path of childminding, offering their services right from the comfort of their homes. This unique working environment, while convenient, presents its own set of financial challenges, especially when it comes...
If you are an ATOL-registered business, you know how important it is to renew your licence on an annual basis. The renewal process involves meeting the financial requirements set by the UK Civil Aviation Authority (CAA), which can be complex and time-consuming....
As a business owner in the UK, you may be considering selling your business either now or in the future. It is important to know that properly preparing your business for sale is critical to achieving a successful sale. Bracey’s Accountants have assisted in the sale...
The thought of moving accountants can be quite overwhelming. How will your existing provider react? What steps will you need to follow? In reality, switching couldn’t be easier and could benefit your business in the long term. Find out how to move - and the benefits...
Inheritance tax or IHT can be a complex issue. In this helpful guide, we touch on eight things you should know about IHT and ways to mitigate tax payable on an estate. Will I have to pay inheritance tax? Whether or not you need to pay inheritance tax (IHT) will...
This article was updated on 27th October 2021 We explain capital gains tax on UK property, breaking down everything you should know from rates to working out your gain so you know how much to pay. When do I pay capital gains tax on property? Capital gains tax (CGT) is...
Are you aware of what rental income and expenses you need to declare? We take a look into the Let Property Campaign and what it means for you if you’re a landlord. What is the Let Property Campaign (LPC)? When the LPC, or Let Property Campaign, began in 2013, it was...
