THP Blog

Have you received your tax statement from HMRC? Don’t forget to pay any amounts due by 31 January!
Posted by Jon Pryse-Jones on January 9, 2019

The Tax Return online submission deadline is looming ever closer (31st January) so If you haven’t made your submission or provided everything to your accountant you are very short on time to get this done.

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Sent to Coventry
Posted by Jon Pryse-Jones on December 27, 2017

The origins of the phrase, to be sent to Coventry, seem to have originated in the seventeenth century when Cromwell was purported to have sent Royalist soldiers to be imprisoned in Coventry around 1648. At the time, Coventry was a parliamentary supporter and it is likely that the hapless Cavaliers would have had a miserable

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Sent to Coventry
Watch out for the latest email scams!
Posted by Jon Pryse-Jones on December 20, 2017

We seem to be having a bad time with scammers at the moment. We tend to find these things recur in cycles. Last week at THP we encountered two scam situations involving emails. In the first case, an email was sent using a spoofed email address of our CEO to a member of the finance

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Can you afford not to offer online shopping?
Posted by Jon Pryse-Jones on December 4, 2017

With Christmas just around the corner, retailers are working hard for our money. But it’s not just about the battle of the high street. Online retailers want a cut too. In October 2017 the UK spent an average of £1.2 billion online per week, according to a recent ONS survey. Since October 2016, online shopping

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Gazumping to become a thing of the past? Here we go again!
Posted by Jon Pryse-Jones on October 25, 2017

Yes, it seems the government are in the mood to have yet another crack at “modernising” the Conveyancing process by making it illegal to withdraw from a house purchase once an offer has been formally accepted

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Landlords – when is a replacement an improvement and why does it matter?
Posted by Jon Pryse-Jones on September 18, 2017

We are often asked by our landlord clients to clarify the difference between a replacement item of furniture, furnishing, household appliance or kitchen ware as opposed to a purchase that may be considered an improvement. The difference is critical, as it determines whether a cost is tax deductible or not.

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Letting properties without telling the taxman? He’s scouring the Land Registry for your name…
Posted by Jon Pryse-Jones on September 8, 2017

If you let properties to tenants, one of your first steps is likely to be to tell the taxman all about it. After all, you don’t want him slapping you with a chunky fine that all but wipes out your rental income, do you? Sadly, some landlords think differently.

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Rent-a-room at home – is it tax free?
Posted by Jon Pryse-Jones on August 23, 2017

On the face of it, the rent-a-room relief is straight forward: if gross rents from letting out your room are not more than £7,500 in the current tax year, there is nothing you need to do, this income is free of tax; but beware the small print.

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Should Landlords and Letting Agents be worried about Making Tax Digital (MTD)?
Posted by Jon Pryse-Jones on May 12, 2017

Delaying the MTD You may be aware that the new Making Tax Digital (MTD) initiative was temporarily shelved last week following the dissolution of parliament in preparation for the Election.

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Landlords and Letting Agents
Could your parent lose their house to care home fees?
Posted by Jon Pryse-Jones on May 8, 2017

Residential care fees A year or two ago,and having reached the grand age of 85, my dear mother was diagnosed with Alzheimer’s. Despite the diagnosis, she seemed reasonably ok at first – a little confused on occasion but still the same good old supportive Ma.

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