Lanop’s Journey to Success: Featured in Business Connexions Magazine
Lanop Business & Tax Advisors, a digital accountancy firm known for its innovative solutions and commitment to excellence, has achieved yet another milestone by being featured in the January 2025 edition of Business Connexions magazine. This prestigious recognition highlights the firm’s exponential growth, visionary leadership, and its Managing Partner, Aurangzaib Chawala (fondly known as Zaib), […]
Top Tax Advisory Strategies for Startups in London: Expert Insights for 2025
Launching a startup in London is an exciting journey, but navigating the complexities of UK taxation can be challenging. To achieve financial success, it’s crucial to implement effective tax advisory strategies tailored to your business. Below, we explore the most impactful strategies for startups in London to minimize their tax burden and thrive in 2025 […]
Private Residence Relief and Its Role in Minimizing Capital Gains Tax for Family-Owned Properties
For UK property owners selling a home, Private Residence Relief (PRR) is one of the most valuable reliefs available to reduce Capital Gains Tax (CGT). However, PRR can become complex, particularly when family members have lived rent-free in the property. As a Putney-based tax advisor, I often assist clients in South West London in understanding […]
Capital Gains Tax When Selling a Family Property: Rent-Free Living Considerations
If you’re considering selling a family property where a family member has lived rent-free, understanding Capital Gains Tax (CGT) is essential. CGT on property sales in the UK can significantly impact the net proceeds from the sale, and the tax implications become more complex when family occupancy is involved. As a Putney-based tax advisor with […]
Understanding Gifts with Reservation of Benefit (GROB) and How It Affects Inheritance Tax
In the realm of inheritance tax planning in the UK, understanding “Gifts with Reservation of Benefit” (GROB) is essential, particularly for families in South West London or Putney. This rule can often be misunderstood, especially when property owners wish to gift property while retaining personal use. As a Putney inheritance tax consultant with expertise in […]
Half a million Self-Employed Workers Might Pay More Taxes Because of New HMRC Rules
What is PAYE Tax? PAYE (Pay As You Earn) tax is the system that HM Revenue and Customs (HMRC) uses to collect Income Tax and National Insurance Contributions from employees’ paychecks. HMRC Self-Employed Workers: A Change Impacting Taxes Over 500,000 self-employed brits could face unexpected tax bills due to a lesser-known alteration made by HMRC. […]
VAT Tips for Serviced Accommodation Operators: Save Money on Tax
Serviced Accommodation has become the preferred choice for many travellers seeking a comfortable home-like experience, whether on business trips or leisurely getaways. These accommodations, with their hotel-style amenities, cater to diverse crowds, from tourists and leisure seekers to business professionals and contractors. Navigating Tax Implications While the appeal of serviced accommodation is undeniable, operators in […]
Important Dates and Deadlines for the UK Tax Year 2023/24
Are you searching for important dates for taxes in the 2023/24 year? You are in the right spot! The previous tax year began on 6 April 2022 and ended on 5 April 2023. PAYE key tax dates Deadline The first day of the new tax year 2023/24 6 April 2023 Copies of 2022/23 P60 documents […]
Effective Tax Strategies to Maximise Business Growth For SMEs
In today’s competitive business landscape, optimizing financial strategies is paramount for the success and growth of UK businesses. When it comes to managing tax obligations, a proactive and strategic approach is crucial to maximize savings and minimize liabilities. This is where strategic tax planning services play a pivotal role. In this blog post, we will […]
Xero Online Accounting: Simplifying UK Tax Regulations
In the era of digital transformation, businesses in the UK are seeking efficient and comprehensive solutions for their accounting and tax management needs. Enter Xero Online Accounting—a game-changing cloud-based software that offers a wide array of features and benefits tailored specifically to UK businesses. In this blog post, we will delve into the power and […]