Nichols & Co

Understanding Capital Gains Tax (CGT) is essential for non-UK residents dealing with assets in the UK. Temporary non-residence rules and liabilities on UK land and property disposals mean that knowing your tax responsibilities is crucial to managing your potential liabilities effectively.

Read more here 👉 http://spkl.io/6005f6GAJ

An introduction to the SRA Accounts rules! Ensure compliance, protect client funds, and uphold your firm's integrity. 📑

Read more here 👉 http://spkl.io/60014hdWd

Considering expanding your UK business to Dubai? Discover why this region is a strategic choice with its favourable tax regime and business-friendly environment. Dubai’s free zones offer 100% foreign ownership, tax exemptions, and streamlined setup processes, making it an attractive destination for international businesses.

You can read more here 👉 http://spkl.io/600947vwH

At Nichols and Co, we specialise in reducing your tax liabilities through Top Slicing Relief, an effective strategy for those facing significant taxes from investment bond gains. Our approach involves detailed assessment and precise application to prevent you from moving into a higher tax bracket.

Find out more here 👉 http://spkl.io/60084AIja

With the Labour Party considering new leadership measures, their plan to introduce VAT on private school fees is sparking intense discussion among parents, educators, and policy analysts. Such a tax could push annual tuition costs up to £21,000 per student. Wondering if there's a way to bypass this potential fee increase? 🤔

Read our latest insight to find out more 👉 http://spkl.io/60004AbPA

We have an exciting opportunity to join our growing team here at Nichols & Co, Are you looking to kick of your career! We are looking for a Trainee Accountant in Eltham, Southeast London.

This position includes the benefits of -

✅ 25 days Annual Leave per annum
✅ Comprehensive study package
✅ On the job training
✅ Career path to become a fully qualified Chartered Accountant

We look forward to hearing from you! Apply now - https://nichols.co.uk/careers/trainee-accountant/

Inheritance Tax (IHT) can seem daunting, but with the right strategies, you can significantly reduce the burden and ensure your legacy thrives through generations. From utilising the nil-rate bands to smart gifting and trusts, we take a look into practical steps to make your estate planning as tax-efficient as possible.

Learn more about effective IHT planning 👉 http://spkl.io/60054N1xf

Is your company audit-ready? 📊 Audits are more than a compliance checkbox—they are a critical lens on your company's financial health and operational integrity. Whether mandatory due to size and turnover or chosen voluntarily for transparency and growth, an audit offers invaluable insights.

Read more audit compliance here 👉 http://spkl.io/60014N5AL

We're thrilled to announce our latest promotions and extend a huge congratulations to Reece Whiffen and Jonathan Box, who have both been promoted to Assistant Managers! 🙌

Both Reece and Jonathan have shown exceptional skill and commitment. Read more of their journeys with Nichols & Co here 👉 http://spkl.io/60014F3UF

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How does the 10-Year Charge on Trusts shape your future financial landscape? 🤔 The UK Inheritance Tax law plays a crucial role in managing your trust. Learn what it means for your estate planning and how to navigate it for your benefit.

Explore our latest insight for more information 👉 https://nichols.co.uk/news/the-10-year-charge-on-trusts/

We are proud to announce Danny Woodham's promotion to Partner. With an impressive 15-year journey at Nichols, Danny has exemplified excellence in tax and accounting, profound client dedication, and a commitment to team development.

His promotion to Partner reflects not only his past contributions but also our firm's vision for the future. Learn more of Dannys Journey here 👉 http://spkl.io/60004048Y

Moving to or from the UK? Learn how Split-Year Treatment could save you on taxes based on your residency status. Perfect for expats and returnees!

Find out more 👉 http://spkl.io/60084LBhE

UK business owners, get ready for the Minimum Wage Increase in April 2024! With rates rising across all age groups, it's time to prepare your payroll and budget.

Learn more about the changes here 👉 https://nichols.co.uk/news/uk-minimum-wage-increase-2024/

Thank you David! Your acknowledgment of how we navigated the complexities of cross-border issues and untangled the previous accounting challenges is truly valued. We're dedicated to solving the tough problems with clarity and efficiency.

HMRC has reversed its decision on taxing double-cab pickups as cars, maintaining their 'van' status and preserving favourable tax treatment.

Read more here 👉 https://nichols.co.uk/news/double-cab-pickups-hmrc-tax-u-turn/

Missed the Spring Budget 2024 announcement? We have you covered! Take a look into the Chancellor's key updates!

✔️ National Insurance reduced by 2%
✔️ Elimination of the non-domicile tax status and new scheme introduced
✔️ Child benefit threshold raised from £50,000 to £60,000
✔️ Capital gains tax was reduced for the higher rate of property from 28% to 24%
✔️ The VAT threshold for small businesses was increased, from £85,000 to £90,000

Read more here 👉 http://spkl.io/60054IUIB

Could Your Legacy Be Affected by Changes in UK Inheritance Tax?

The UK government might be revising Inheritance Tax rules, and it's crucial to understand how this could impact your estate planning. Stay ahead with our latest insights on what these changes could mean for your legacy.

👉 View more here: http://lite.spr.ly/6000gLe

Received a Chargeable Event Certificate and Wondering What's Next? 🤔

Navigating tax documents can be tricky, but understanding your Chargeable Event Certificate is crucial for investment bond holders. Don't let tax confusion keep you up at night!

🔗 View our latest insight for a breakdown of what this means for your taxes and how to handle it like a pro. Check it out here: http://lite.spr.ly/6006gLw

🌟 Get Tax-Smart with Our 2023/24 Year-End Checklist!

The financial year-end can be overwhelming, but our easy-to-follow checklist is here to help. From maximising your ISA allowance to understanding Inheritance Tax, we’ve got you covered.

Check it out and start planning smarter! http://lite.spr.ly/6006khy

🌟 Big News: National Insurance Rates are Changing in 2024!

Good news for workers and businesses: there's a decrease in NI rates! Understand what this means for you and how you can benefit.

For more details and insights, check out our latest article: http://lite.spr.ly/6002khO

⚠️ Important Reminder: The 31 January Tax Deadline is Fast Approaching! ⚠️

Don't let it slip your mind. Ensure your 2022/23 self-assessment tax return is submitted on time. Stay ahead and avoid last-minute hassles.

Merry Christmas from Nichols & Co 🎄

We hope that you all have a lovely Christmas and New Year with your friends and family.

Please note will be closed on Christmas Day, Boxing Day, and New Year's Day.

🎄As the festive season approaches, it's time to unwrap the Christmas Party Tax Benefits. Celebrate smartly while saving money with HMRC's Annual Party Allowance. Make your festive celebrations not just fun but financially savvy too! 🌟💷

👉 Learn more about maximising your tax relief: http://lite.spr.ly/6009pQl

Today we had our annual Christmas meal at Aqua in Petts Wood. Great to have the whole team together as we approach the festive season. 🎄

🏠 Attention Landlords! Navigating property management can be tricky, but with the right accountant, it's a breeze. Discover how a specialised landlord accountant can make a world of difference to your financial management. 📈🔑

👉 Discover more: https://nichols.co.uk/news/specialist-landlord-accountant/

The Essential Role of a Specialised Landlord Accountant | Nichols & Co Explore the importance of a specialised landlord accountant. Understand property management intricacies and how Nichols & Co can assist you.

Understanding VAT for doctors is crucial for compliant and effective financial management. 👨‍⚕️👩‍⚕️

Our latest insight breaks down VAT's complexities in the medical field, from exemptions to private practice considerations.

View our insight here:. http://lite.spr.ly/6007RgP

Explore the key highlights of the Autumn Statement 2023, where we explore the key takeaways from yesterday's announcement.

View our full breakdown here:
http://lite.spr.ly/6006T8Q

Nichols & Co

How did Nichols & Co save a seasoned property investor from an "attractive" tax initiative? 💡

You won't want to miss this case study! Discover how our expertise protected James Tomlinson from a significant financial misstep that could have had serious consequences. A testament to the power of informed decisions and trusting your advisors.

🔗 http://lite.spr.ly/6009R5x

Hear directly from our clients! 🔊

Billy Wilgar shares his experience with Nichols & Co and reveals the challenges he faced and how we provided the solutions. If you're seeking expert accounting guidance, this testimonial is a must-watch.

🔗 Client Testimonial: http://lite.spr.ly/6007R5v

📢 Attention medical professionals in the UK! 🩺

Are you making the most of your Personally Administered Items (PAIs)?

Dive into our guide to understand PAIs better and discover strategies to boost your practice's income. 💰

https://nichols.co.uk/news/personally-administered-items/?utm_campaign=boosting+practice+income&utm_medium=social&utm_source=Facebook