Room to rent? Read this first.

This article is very handy for your clients who are thinking of renting out a room for travellers which is becoming a popular way to make some extra cash. It explains the tax implications (income and CGT) and outlines possible deductions to offset potential tax. Room to rent? Read this first.

5 simple techniques to reduce your tax

Even if you use an accountant to prepare your tax return, you are responsible for the information you provide and for keeping your tax records for a minimum of five years. 5 simple techniques to reduce your tax