Category: Charity

Tax relief for charitable donations

Individuals who donate to charity can do so tax-free. There are various ways of making tax-relieved gifts to charity – the way in which the relief works depends on whether the donation is made via Gift Aid, as a deduction from wages or a pension via the Payroll Giving Scheme, in a will or whether…



Do you earn over £100k? Read our latest blog to see if you can keep your entitlement to the personal allowance

Abatement of the personal allowance Not all taxpayers are able to benefit from the personal allowance – once income exceeds £100,000 the allowance is gradually reduced until it is eliminated in full. However, there are steps which can be taken to reduce income and preserve entitlement to the personal allowance. The personal allowance is set…


Give to charity to reduce your inheritance tax bill

Making gifts to charity can be an effective way to reduce the amount of inheritance tax (IHT) payable on your estate. Charitable gifts can work to reduce the IHT payable in two ways: reducing the value of the net estate chargeable to IHT; orwhere the gifts to charity are worth at least 10% of the…


Make keeping better business records your New Year’s resolution

To ensure that you pay the correct amount of tax and file correct tax returns with HMRC, it is vital that you keep complete and accurate records. This applies regardless of whether you are running a business as a sole trader or in partnership or operating a limited company. Business records for the self-employed The…


Merry Christmas

& a prosperous New YearMartin & RachelGold Stag Accounts Good Morning, It’s 25th December, which means Christmas is finally here! So we’ve got a cracker full of accountant related jokes for you instead of our usual tax tips. What is the employment tax status of Santa’s helpers? Net Present Value. Why is Santa always so…


Santa Dash 2018 Bishop’s Stortford

Santa Dash & Reindeer Run 2018 Saturday 1st December 2018 The annual Santa Dash 1K & Reindeer Run 1/5K at Grange Paddocks, Bishop’s Stortford, Hertfordshire. In aid of Grove Cottage, Mencap. Well done to everyone that participated in the event, especially on such a wet & miserable morning. See you all again next year. To see…