Merranti Accounting Blog

Maximizing Business Benefits Through Capital Allowances

May 20, 2024

Maximizing Business Benefits Through Capital Allowances Understanding Capital Allowances Capital allowances provide a way for businesses to gain tax relief on tangible capital expenditure by allowing it to be expensed against its annual pre-tax income. Essentially, they represent a key way to reduce your taxable profits and consequently, your tax bill. Recent Changes and Their

Read More

Navigating the Cost of Living Crisis

May 16, 2024

Navigating the Cost of Living Crisis: Financial Strategies and Support from Merranti Accounting The ongoing cost of living crisis poses significant challenges for individuals and businesses alike. With rising prices for essential goods and services straining budgets and financial plans. At Merranti Accounting, we understand the impact these economic pressures can have and are committed

Read More

New Online Service for Voluntary NI Contributions

May 14, 2024

Enhance Your State Pension with the New Online Service for Voluntary NI Contributions Are you concerned about gaps in your National Insurance (NI) record affecting your state pension? Merranti Accounting is pleased to inform you that managing your NI contributions just got easier with the introduction of a new online service. This service allows you

Read More

Share Loss Relief

May 13, 2024

Making the Most of Share Loss Relief: Strategies for Investors Investing in shares carries its share of risks and rewards. At Merranti Accounting, we understand the financial impact of losses on your investment portfolio. That’s why we’re dedicated to helping our clients navigate the complexities of share loss relief, a valuable tax relief that can

Read More

Capital gains tax exemptions on primary residence

May 10, 2024

Navigating Capital Gains Tax: Exemptions for Your Primary Residence Introduction Understanding the intricacies of Capital Gains Tax (CGT) is vital for homeowners. At Merranti Accounting, we provide clear guidance on how you can benefit from CGT exemptions when selling your primary residence. This blog explores the key aspects of these exemptions, ensuring you are well-prepared

Read More

What are the differences between a trust and a limited company

May 8, 2024

A limited company A limited company stands as a distinct legal entity capable of holding assets on behalf of its owner, even though technically relinquished by the owner. However, shares remain part of the owner’s estate for Inheritance Tax (IHT) considerations. Unless the asset is cash or utilized in a trade, Capital Gains Tax (CGT)

Read More

National Minimum Wage

May 7, 2024

Staying Compliant: Understanding the National Minimum Wage Increases for 2024 With changes to the National Minimum Wage (NMW) and National Living Wage (NLW) rates set for April 2024, businesses must prepare to adjust their payroll processes accordingly. Merranti Accounting is here to guide you through these updates, ensuring compliance and strategic payroll management. The 2024

Read More

Capital Allowances

May 6, 2024

Capital Allowances: A Key Tool for Tax Efficiency in Business Investment Understanding Capital Allowances Capital allowances are a crucial component of tax planning for businesses Allowing companies to write off the costs of capital assets against taxable profits. These allowances play a significant role in Merranti Accounting’s strategic advice to its clients, especially when it

Read More

Key Updates to the Construction Industry Scheme

May 3, 2024

Key Updates to the Construction Industry Scheme (CIS): Implications and Opportunities At Merranti Accounting, we are dedicated to ensuring our clients in the construction sector are fully aware and prepared for the recent changes to the Construction Industry Scheme (CIS). These adjustments aim to simplify compliance and improve the efficiency of tax handling within the

Read More

Navigating the New VAT Landscape

May 2, 2024

Navigating the New VAT Landscape: What You Need to Know As part of our ongoing commitment to keeping our clients informed and ahead of regulatory changes, Merranti Accounting is spotlighting the latest adjustments in VAT regulations that could significantly impact your business operations and financial planning. Here’s what you need to understand about the recent

Read More