Caliyan Associates’ Post

Having launched a service that provides a personalised review of forthcoming FHL changes, I have received a heart warming endorsement from Alex Norian FCCA who requested a review for his client and embedded it into a tax planning meeting. The reviews I produce compare the after tax finances of clients today with the post change scenario. They then go through numerous mitigation options with pros and cons and figurative analysis. There is still time for FHL owners to act and navigate the changes, minimising negative financial effect. But if you are a FHL owner and dont have a clear plan today, it is likely the efects will be very punitive. Whilst most of my reviews are a result of direct engagement with FHL operators, more and more accountants are contacting me to prepare the same for their clients. The cost of the service is very reasonable. I hope to assist as many FHL owners through the biggest change since 1982 as possible. Tens or even hundreds of thousands are at stake. Commonly, there are pre existing tax inefficiencies that I identify. “Thank you Rupert Chapman for the very useful assistance with a client of ours - who required pertinent advice on the structure for their FHL investments. We had been professionally engaged for a consultation & I thought I'd bring Rupert into the mix, having worked with him in the past & knowing his intimate knowledge of the industry. Thanks again for the valuable contribution Rupert - helped us achieve a 5-star Google Review from the client 👌”

🚨 Important Update for Property Investors & FHL Operators 🚨 The government has announced significant changes affecting Furnished Holiday Lettings (FHLs) starting April 2025. Here's what you need to know: 🔑 What’s Changing? - Special tax benefits for FHLs will no longer apply. - Income and gains from FHLs will be treated like any other property business. Key repealed benefits include: - Exemption from finance cost restriction rules. - Access to more favourable capital allowances. - Reliefs on capital gains for trading assets. - Inclusion as relevant earnings for pension contribution calculations. 📅 Effective Dates: - Income & Capital Gains Tax: From 6 April 2025. - Corporation Tax: From 1 April 2025. 💡 What Does This Mean for You? - Simplified reporting: FHL profits will be merged into your general property business. - Losses from FHLs can still be carried forward and offset against future property income. - One-off costs may arise from familiarising yourself with these changes, but ongoing savings are expected from reduced reporting complexity. 💷 Impact on the Economy: Estimated additional revenue for the government: £35M in 2025-26, increasing to £210M by 2028-29. 🔍 Next Steps: If you're operating or planning to invest in FHLs, it’s essential to review your portfolio’s tax and financial strategy. For expert tax planning and accountancy services, Kantarigan MC Group partners with trusted professionals to ensure you stay ahead of these changes. 📧 Contact us today to connect with our expert partners and get the tailored support you need. 🌐 Learn more: Kantarigan MC Group https://lnkd.in/eFpG-yCk #KantariganMCGroup #TaxUpdate #PropertyInvestment #FurnishedHolidayLettings #RealEstate #ShortLet #HolidayLet #ServicedAccomodation #PropertyBusiness

Businesses of all sizes should get appraisals on a regular basis. There are also times when a business must get a qualified appraisal to comply with Internal Revenue Service guidelines. Regional Director of HBK Valuation Group Atticus Frank, CFA, ABV, discusses a recent U.S. Tax Court case and the valuable lesson to take from the Court’s decision. #tax #BusinessValuation #SmallBusiness #HBK75

The Easter weekend brought the clocks forward, meaning there will be (hopefully!) brighter days ahead as summer creeps ever closer. ⛅ In this month’s Champion round-up, our group managing partner, Ged Cosgrove, discusses whether there will be brighter days ahead for the UK amidst the current recession, and the impact of last month’s #SpringBudget National Insurance reductions. 💷 https://lnkd.in/eme3ZiSj #Champion #NI #Budget

🌟 Understanding the Tax Benefits of Long-Term Care Insurance 🌟 As professionals actively planning for our futures, it’s crucial to be aware of every opportunity to protect our financial well-being. Today, I want to shed light on a smart financial move that not only secures peace of mind but also offers substantial tax benefits: Long-Term Care Insurance (LTCI). 📊 Why LTCI? Long-term care costs can unexpectedly hit your finances hard. LTCI helps cover these expenses, ensuring you receive the care you need without depleting your savings. But beyond this primary advantage, LTCI can significantly lighten your tax load. 💡 Key Tax Benefits: **Premium Deductions:**Depending on your age and the policy, premiums for qualified LTCI are often tax-deductible. The IRS sets annual limits on the deductible amount, and these limits generally increase with age, offering greater tax relief as you grow older. **Non-Taxable Benefits:**Benefits received from a qualified LTCI policy are typically not taxable. This means the payments you receive for long-term care services do not add to your taxable income, providing financial relief when you need it most. **State Tax Incentives:**Many states offer additional tax incentives for policyholders, ranging from tax credits to deductions on state income tax. It’s worth exploring your state’s specific benefits to maximize your savings. **Employer Contributions:**If you're fortunate to have an employer who contributes to your LTCI, those contributions are generally tax-free. It’s a win-win situation, ensuring you have coverage while not adding to your taxable income. 🔍 Proactive Planning: Taking steps now to secure LTCI can lead to substantial tax benefits down the road. It’s not just about securing care for the future but also about making smart financial decisions today that can enhance your overall fiscal health. 📈 Get Informed, Stay Protected: I encourage everyone to explore the nuances of LTCI and its tax benefits. Connect with a financial advisor to understand how this can fit into your broader financial strategy and provide that extra layer of security for you and your loved ones. Have you considered LTCI as part of your financial planning? Let's discuss how it can benefit you! #FinancialPlanning #LongTermCareInsurance #TaxBenefits #FutureSecurity #SmartInvesting #WealthManagement

🌟 Safeguard Your Hard-Earned Money this Tax Season! 🌟 😢 Are you feeling overwhelmed as tax season approaches, unsure of how to navigate the complexities? 😢 💼 Fear not! I am happy to provide personalized guidance, ensuring you maximize your tax deductions and protect your valuable earnings. Contact me today for a seamless and stress-free experience! 💼📞 💡Discover the Allowable Tax Deductions to Maximize Your Savings and Secure Your Financial Future! 1) 🔐 Safeguard Your Health with VHIS Certified Plan! 🌡️ ✅ Experience peace of mind with up to 5 months premium refund and tax benefits. 2) 📈 Supercharge Your Retirement Savings with MPF TVC! 💼 ✅ Make Tax Deductible Voluntary Contributions to your MPF account, enjoy 50% off management fees for the first year, and receive a HK$500 bonus! 📊💰 3) 💰 Secure Your Financial Future with QDAP! 💼 ✅ Invest in a Qualifying Deferred Annuity Policy with an annualized premium of US$ 5,000 or above and receive up to a 17% premium refund. Don't let tax season overwhelm you. PM or email: Gloria.liew@aia.com.hk for details. 🤝 #TaxSeason #SaveOnTaxes #VHIS #HealthInsurance #MPF #RetirementSavings #QDAP #FinancialSecurity #ExpertGuidance #MaximizeSavings #SecureYourFuture #AIA #AIAMPF #AIAGroupMedical Disclaimer: Terms and conditions apply.

🗣️ 𝐄𝐧𝐝 𝐨𝐟 𝐓𝐚𝐱 𝐘𝐞𝐚𝐫 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫 𝐟𝐫𝐨𝐦 𝐀𝐮𝐫𝐢𝐚 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐧𝐜𝐲! https://lnkd.in/e_T2RpQs As we approach the end of the tax year in April 2025, it’s time to start preparing for it & the year ahead. Whether 2024 brought smooth sailing or a few challenges, now is the perfect opportunity to review, plan, and set yourself up for a successful new financial year. 𝐇𝐞𝐫𝐞’𝐬 𝐡𝐨𝐰 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐠𝐞𝐭 𝐚𝐡𝐞𝐚𝐝: ✅ Reflect and Learn Take stock of what worked well and where improvements can be made in your financial processes. Were there any last-minute stresses or missed opportunities? Let’s make sure those are avoided next year. ✅ Plan Early The New Year is the ideal time to talk to your accountant about your plans and goals for 2025. From tax planning to cash flow forecasting, we’re here to make your year as seamless as possible. ✅ Stay Compliant Ensure all your records, receipts, and expenses are up to date and correctly logged. Being organised now means fewer headaches when deadlines approach. At Auria Accountancy, we pride ourselves on helping our clients not only meet their obligations but thrive financially. Let’s work together to make sure your next tax year is stress-free and efficient. #AuriaAccountancy #TaxPlanning #EndOfTaxYear #BusinessFinance #AccountingTips #NewYearGoals Spencer Hall fca Andrew Fairclough

On December 27th, a fortunate individual struck it rich by winning a Mega Millions jackpot of $1,269,000,000! This sole winner now faces a crucial decision. They can choose between a lump sum of $579.1 million or an annuity that totals $1.269 billion over 30 years. To make the best economic decision, we need to calculate the net present value (NPV) break-even point for both options, as well as the internal rate of return (IRR) that equates them. Since the winner lives in California, they will incur the highest income tax withholding rate of 37% on both options. Thus, the comparison is straightforward: we are looking at a net annuity payout of $779.4 million over 30 years versus a lump sum payout of $360.297 million after taxes. Time is money, and we can earn on this amount. Upon calculating the break-even point, we find an IRR of 6.169%. When adjusted for the 37% withholding tax, this results in an effective interest rate of 9.8%. Considering that the S&P 500 has achieved a compound annual growth rate of approximately 11.29% over the past 30 years, we can confidently assert that if we anticipate future performance to align with this trend, the lump sum is the superior choice. What would your decision be? 🤔 😊 🤓

The "Why" Behind Fixed Price R&D When I was a kid growing up in New Zealand, I was hooked on a TV show called Beyond 2000. It was all about futuristic innovations and bold ideas—basically a window into a world where anything seemed possible. I loved the way it seemed like science fiction became science fact, and I think that’s where my fascination with science and technology first began. I was also a big fan of the DeLorean time machine too! Fast forward to the COVID-19 pandemic, and I found myself working closely with Pfizer and Moderna. Seeing the brilliance that went into developing vaccines reignited that same sense of awe I had as a kid. It reminded me how incredible science can be—and just how much teamwork and creativity it takes to get there. That sense of admiration is a big part of why I started Fixed Price R&D. I genuinely love working with small and micro businesses that are innovating and pushing boundaries in their own way. It’s hugely rewarding to understand and appreciate the work my clients are doing—seeing how they’re not only moving their businesses forward but also making waves in their industries in new and exciting ways. To play even a small part in helping them achieve that feels like such a privilege. Working on R&D claims is also a fantastic way for me to use my Chartered Accounting skills. It’s an area where my commitment to integrity and professionalism really comes into play. These claims require precision, an in-depth understanding of both technical and financial details, and a solid ethical framework. I take pride in ensuring every claim I work on is thorough, accurate, and compliant—giving my clients peace of mind while helping them unlock the funding they deserve. At the same time, I know the R&D tax credit process can feel like an intimidating maze for a lot of businesses. That’s where I come in—I love breaking things down, solving complex puzzles, and making complicated stuff simple and easy to understand. For me, R&D claims are like the ultimate puzzle: they have layers of technical, financial, and regulatory complexity, and the challenge is finding the right way to piece it all together. I get a real kick out of helping businesses uncover the value in their work and making sure they get the recognition—and the funding—they deserve. At Fixed Price R&D, I’ve kept things straightforward on purpose. With a fixed-fee model, there’s no guesswork or surprises, so my clients can focus on what they do best: creating, innovating, and building the future. I want the whole process to feel approachable and empowering, not stressful or overwhelming. At the end of the day, I’m driven by the belief that every successful R&D claim is more than just a financial win—it’s an investment in the next wave of innovation. #RDTaxCredits #ResearchAndDevelopment #InnovationFunding #TaxRelief #STEMBusiness #SupportingSMEs #SimplifyingComplexity