Monday, March 18, 2024

Making A Professional Will Can Save You Thousands!


Making A Professional Will Can Save You Thousands Money Tips 365 Day 17 Wills

 

Yesterday I said that there are two certainties in life: death, and taxes!

 

Taxes do not end when people die. Millions pay inheritance tax (IHT) o their parent’s estate, much of which can be legally avoided with proper tax planning.

 

The first step is making a Will, preferably with a professional who can advise you on mitigating IHT.

 

If you need help making a Will, email charles@charleskelly.net for a free consultation with a specialist.

 

Section 24 Tax Hike Solutions Revealed By Property Accountant

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

In this 45-minute interview we discuss:

·        What is Section 24 and when did George Osbourne introduce this tax hike on landlords?

·        6 options available to landlords with buy-to-let properties in their own name

·        What is classed as a property business and property partnership?

·        Ramsay v HMRC (2013) case explained

·        Incorporation Relief, Stamp Duty, CGT (Capital Gains tax) and much more…

Over 29,000 people signed a petition calling on the government to reverse this unfair tax o landlords to no avail. 

Find out what you can do in this video.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

 

#tax #section24 #savetax #Will #IHT #holidaylet #money #moneytips  

 


Sunday, March 17, 2024

Legally Pay Less Tax - Money Tips 365 Day Tax


Legally Pay Less Tax - Money Tips 365 Day Tax

 

Legally Pay Less Tax

 

There are two certainties in life, death, and taxes, as the old saying goes.

 

Legally mitigate your tax liability to pay as little tax as possible as allowed within the law. 

 

This means taking advantage of tax breaks and allowances, for instance by maximising your savings into tax free ISAs and pension plans.

 

It also means adapting to changes in the tax laws, like George Osborne‘s section 24, tax hike, or Jeremy Hunt’s tax on landlord to rent out furnished holiday lets. 

 

If necessary, seek advice from an independent financial advisor or accountant, especially if you are self-employed or running a business.

 

The law allows you to legally pay as tax as possible, but not illegal tax evasion.

Section 24 Tax Hike Solutions Revealed By Property Accountant

Interview with Chartered Accountant and property tax specialist who reveals options and solutions to move your properties from your own name into a limited company or LLP whilst mitigating the potential HMRC pitfalls.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Watch video now: https://youtu.be/aMuGs_ek17s

In this 45 minute interview we discuss:

·        What is Section 24 and when did George Osbourne introduce this tax hike on landlords?

·        6 options available to landlords with buy-to-let properties in their own name

·        What is classed as a property business and property partnership?

·        Ramsay v HMRC (2013) case explained

·        Incorporation Relief, Stamp Duty, CGT (Capital Gains tax) and much more…

Over 29,000 people signed a petition calling on the government to reverse this unfair tax o landlords to no avail. 

Find out what you can do in this video.

Email charles@charleskelly.net for a free consultation on how to deal with Section 24.

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

 

#tax #section24 #savetax #pensions #ISA #holidaylet #money #moneytips #timemanagement


Saturday, March 16, 2024

Money Tips 365 Day 15 - Time

Money Tips 365 Day 15 - Time

 

We are all given the same amount of time, yet some people achieve far more than others in their lifetime. 

 

Time is money. How do you manage your time will determine how much money and succeed you have in life.

 

Wealthy people master the art of time management and use the time effectively and leverage their time to accumulate fortunes.

 

Wealthy people use their spare time to learn or work on themselves and their business.

 

Poor people exchange the time for money and waste much of the spare time in leisurely pursuits, like watching TV and consuming mindless content on social media.

 

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

 

#time #money #moneytips #timemanagement


Friday, March 15, 2024

Read! Leaders are Readers Money Tips 365 Day 14


Read Like Leaders Money Tips 365 Day 14

 

Leaders Are Readers

 

Successful people are invariably voracious readers, which is one of the reasons they are above average or at the top in their field.

 

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

 

Unsuccessful and average people are usually voracious TV or social media watchers, which is why they are unsuccessful and average.

 

See video version - https://youtu.be/-Epz4uW88wM

 

Billionaires like Oprah Winfrey attributed much of her success to reading from a young age. It took her out of poverty to superstardom.

 

One of the richest men that has ever lived, Bill Gates, reads at least one book a week and you can find out which books he reads on his website.  

 

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

 

#read #Reading #Billgates #Oprah #money #briantracey

 


Thursday, March 14, 2024

Money Tips 365 Day 13 Honesty

Money Tips 365 Day 13 Honesty

 

Be honest in your relationships, money dealings and transactions. In the long run, honest people prosper over those who cheat and lie.

 

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

Your reputation has a value. Even if you can’t put a figure on it. You’ll also feel better about yourself and be more congruent with your values if you are honest life.

 

Contrary to popular belief, most wealthy people are honest in their dealings with others and live, law-abiding lives, paying their taxes.

 

Watch video version - https://youtu.be/Mb0iXXFHFzc

 

The vast majority of business is carried out by stock trust, so being honest is a must, if you are going to prosper in business.

 

You also need to be honest with yourself. Can you look yourself in the eye in the mirror and say that you are an honest and trustworthy person?

 

If you can’t trust and believe in yourself, who is going to believe you or follow you?

 

Be honest, because it is the right thing to do.

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

 

#Honesty #trust #money #debt #Relaionships

 


Wednesday, March 13, 2024

Money Tips 365 – Day 12 Trust


Money Tips 365 – Day 12 Trust

 

 

Build a reputation as a trustworthy person who sticks to their word and repay the loans on time and in full.

 

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

If you do this, people and lenders will give you more and invest in you.

 

We do business with other people and relationships are extremely important right up to the highest level of business.

 

Watch video version - https://youtu.be/rOpT5phm5z4

 

Business is based on trust and reputation. Who is going to do with or lend money to someone they cannot trust?

 

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

 

#trust #money #debt  


Tuesday, March 12, 2024

Money Tips 365 – Day 11 Creditworthiness


Money Tips 365 – Day 11 Creditworthiness

 

Build and protect your credit rating and credit history.

 

Even if you’re not planning to borrow money now, it makes sense to look after your credit rating for future borrowing and protect yourself against fraud. 

 

Watch YouTube video version - https://youtu.be/IElt0hHdkMw

 

There are many free services available online to check your credit history, which you should do on a regular basis.

 

www.Experian.co.uk

www.equifax.co.uk

 

You need to check that your history is accurate and make sure that nobody has stolen your identity.

 

Join my Money Tips 365 Supporters Club on Spotify: -

https://podcasters.spotify.com/pod/show/charles-kelly/subscribe

 

Protect your credit rating at all costs, as it will affect your ability to borrow money and enter into contracts with utilities and other services. 

 

#creditcard #debt #money #ccj #bankrupt