Working from home may be an attractive option for some. Here we consider the tax implications of homeworking arrangements for the self-employed. The tax rules differ considerably depending on whether you are self-employed, as a sole trader or partner, or whether you are an employee, even if that is as an employee of your own company. One way or the other though, if you want to maximise the tax position, it is essential to keep good records.
Continue readingThere are tough rules to crack down on money laundering and the proceeds of crime. These rules affect a wide range of people and we consider how your organisation may be affected. Most of us imagine money launderers to be criminals involved in drug trafficking or terrorism or to be someone like Al Capone. However, legislation in the last two decades has expanded significantly the definition of what we might have traditionally considered as money laundering.
Continue readingInvestment in property has been and continues to be a popular form of investment for many people. It is seen as a route by which relatively secure capital gains can be made on eventual sale, income returns can be generated throughout the period of ownership and mortgage finance is covered in repayment terms by the security of the eventual sale of the property and in interest terms by the rental income.
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