Tax Fact-Sheets

Property investment – buy to let

Buy to let traditionally involves investing in property with the expectation of capital growth with the rental income from tenants covering the mortgage costs and any outgoings. If you live in the Co. Antrim area we, at Proactive Accounting, can help you sort out some of the potential problems that may arise and structure the…

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Property investment – tax aspects

On the basis that the investment in property appears to make commercial sense what tax factors should you take into account? If you are considering property investment in the Co. Antrim area we, at Proactive Accounting, can help you to make property investments in a tax efficient manner. Investment in property has been and continues…

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Seed Enterprise Investment Scheme

The Seed Enterprise Investment Scheme complements the Enterprise Investment Scheme and is attractive to start up companies and investors in such companies. At Proactive Accounting, we can provide help if you are interested in financing your start up business in the Co. Antrim area or you are interested in providing seed capital to such businesses.…

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Statutory Residence Test

We consider the statutory residence test and outline rules and records required. If you live in the Co. Antrim area we, at Proactive Accounting, can provide advice on your individual circumstances. The concept of residence in the United Kingdom is fundamental to the determination of UK tax liability for any individual. The Statutory Residence Test…

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Taxation of the family

Husbands and wives are taxed separately and the tax position of any children is also a consideration. Marriage breakdowns can also have a considerable impact for tax purposes. We consider the relevant issues and the basic tax planning opportunities. If you live in the Co. Antrim area we, at Proactive Accounting can help you plan…

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Venture Capital Trusts

Venture Capital Trusts (VCTs) offer similar tax breaks to individuals as the Enterprise Investment Scheme. VCTs are managed by a variety of specialist fund companies. At Proactive Accounting, we advise individuals on tax efficient investments in the Co. Antrim area. Some information about VCTs is given below. Venture Capital Trusts (VCTs) are complementary to the…

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VAT – a summary

We highlight the key VAT areas you need to consider when running your business. If you are starting or have recently started a business in the Co. Antrim area we, at Proactive Accounting, can help you comply with the VAT regulations. VAT registered businesses act as unpaid tax collectors and are required to account both…

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VAT – annual accounting scheme

The annual accounting scheme helps small businesses by allowing them to submit only one VAT return annually rather than the normal four.┬áThe scheme is intended to help with budgeting and cash flow and reduce paperwork. If you are starting or have recently started a business in the Co. Antrim area we, at Proactive Accounting, can…

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VAT – bad debt relief

VAT Bad debt relief allows businesses that have made supplies on which they have accounted for and paid VAT but for which they have not received payment to claim a refund of the VAT. We explain the situations where the relief applies. If your business is in the Co. Antrim area we, at Proactive Accounting…

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