Is the State Pension taxable?

The short answer is, yes it is… The State Pension is worth between £6,359.60 (the old version), and £8,296.60 (the new version), and many pensioners may receive additional payments based on additional contributions made in prior years. In both cases, this pension...

Utilising tax losses

We have listed below a few of the ways you can make best use of tax losses. Generally speaking, a tax loss arises when a claim for expenses and other allowances (for example capital allowances for equipment purchases) exceeds the income of the relevant trade. Many...

New Lifetime ISA launch

On Thursday 6th April a new type of ISA is being launched, the Lifetime ISA (or LISA for short). Announced by the former Chancellor, George Osborne, LISA’s have been launched to help people save for their first home and for their retirement. The LISA is just like any...

Get help with your childcare costs

The government have launched a new website aimed at parents who may be able to claim for support with childcare costs. The web address is www.childcarechoices.gov.uk. How Tax-Free Childcare works Working parents will be able to apply, through the childcare service, to...

Year End Tax Strategies 2016

Limit the tax liabilities for you and your business We are pleased to announce the publication of our annual Year End Tax Strategies brochure. A ‘Flipbook’ version of this handy overview can be viewed here now. Why read the guide? Tax rules seem to change...

New Frome office

We are delighted to announce that Burton Sweet now have a presence in Frome. Tim Hirst, of T D Hirst & Co, has invited us to take responsibility for the clients that he has worked so hard to support over many years. Partner Nigel Harris will now operate the Frome...