Sole trader or limited company

Jul 05, 2017

We are often asked to judge whether it’s better for a business to be run as a sole trader, or incorporated as a limited company.

The risk argument is fairly straight forward. If your trade or…

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Making Tax Digital - are we making progress

Jul 05, 2017

There is evidence that HMRC’s Making Tax Digital (MTD) implementation team are working with advisors and their clients to beta test the computer systems that will drive the quarterly upload process…

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Self-employed combined liability

Jul 05, 2017

Whether you pay Income Tax or National Insurance, the effect on your cash flow is the same. The payments are a necessary part of our obligation to fund the activities of State, but the self-employed…

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Landlords bear the brunt of recent tax changes

Jul 05, 2017

Recent budgets have done little to improve the financial position of landlords. One change stands out above the rest: the loss of higher rate tax relief on finance charges.

Many landlords have…

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McLaren racing team lose tax appeal

Jul 05, 2017

It is a well-established feature of previous judgements that a fine imposed to punish an organisation should not be treated as tax deductible – the tax relief secured would effectively share out the…

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Tax Diary July/August 2017

Jul 05, 2017

1 July 2017 - Due date for Corporation Tax due for the year ended 30 September 2016.

6 July 2017 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class…

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Investing in your business is still tax effective

Jun 29, 2017

If you crunch the numbers, and decide that investing in new technology, a new van, or other equipment will make a positive difference to your bottom line profits, and in a reasonable time-frame, the…

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When do NIC contributions stop

Jun 27, 2017

You are required to make National Insurance Contributions on your earnings, whether employed or self-employed, until you reach the State Retirement Age.

The only exception is if you qualify…

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Need help joining the digital age

Jun 22, 2017

Computers are not everyone’s cup of tea. In fact, there are very few of us who can declare with some confidence that we are computer literate.

Unfortunately, there does seem to be a drive to…

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