Tax Fact-Sheets

The receipt of Child Benefit can result in a tax bill. This potential bill brings the Child Benefit into the scope of self assessment and, if you live in the Co. Antrim area we, at Proactive Accounting, can advise you on the potential application of the Child Benefit Charge and possible tax planning that may…

The Enterprise Investment Scheme allows qualifying companies access to equity investment from new and, in some cases, existing shareholders. The shareholders obtain potentially attractive tax breaks. At Proactive Accounting, we can provide help if you are interested in financing your business in the Co. Antrim area or you are interested in providing capital to businesses.…

Property ownership has a number of different tax implications, not to mention the complex rules regarding Furnished Holiday Lettings. Proactive Accounting can guide individuals in the Co. Antrim area through the legislation, whilst helping to minimise their potential tax liability. Different tax rules apply to income from letting property, which is generally taxed under the…

As experienced accountants, Proactive Accounting can advise on a range of issues when it comes to giving to charity. We can help individuals and businesses in Co. Antrim to make use of the available tax reliefs and to maximise the value of their donations. We consider the options available for individuals considering making tax-effective gifts…

ISAs are tax-exempt savings accounts available to individuals. At Proactive Accounting, we advise individuals on tax efficient investments in the Co. Antrim area. Some information about ISAs is given below. Successive governments, concerned at the relatively low level of savings in the UK economy have over the years introduced various means by which individuals can…

Proactive Accounting can assist individuals throughout the Co. Antrim area, and we can provide expert advice on a wide range of personal taxation issues. Here is information on lasting powers of attorney. A Lasting Power of Attorney (LPA) is a legal document which someone (the Donor) makes, giving someone they trust (the Attorney) the power…

We, at Proactive Accounting, provide here an introduction to the taxation in the UK of income arising outside the UK for non UK domiciled individuals. If you live in the Co. Antrim area we can advise you of the effects of this legislation and deal with any tax issues arising. This factsheet sets out the…

Tax-Free Childcare replaced Employer Supported Childcare, and has the advantage that the self employed, as well as employed individuals, can make use of the scheme. At Proactive Accounting, we can provide guidance on Tax-Free Childcare and Employer Supported Childcare in the Co. Antrim or surrounding areas. The government has introduced a tax incentive for childcare…

Personal Pensions are common types of ‘registered pension schemes’ which allow members to obtain tax relief on contributions into the scheme and tax free growth of the fund within limits. We consider the rules here. At Proactive Accounting, we provide advice on all taxes in the Co. Antrim area and can help you to consider…

We summarise the self assessment rules and penalties for failing to comply with your obligations. If you live in the Co. Antrim area we, at Proactive Accounting, can prepare your tax return on your behalf and advise you on payments that may need to be made to HMRC. Under the self assessment regime an individual…