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Self-employed combined liability
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
Making Tax Digital – are we making progress
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
Sole trader or limited company
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.
Landlords bear the brunt of recent tax changes
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
Investing in your business is still tax effective
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
When do NIC contributions stop
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
Need help joining the digital age
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
National Insurance exemption
Employers, or more specifically, the persons in charge of processing their payroll, are hopefully checking the box to claim the National Insurance Employment Allowance (EA)?
Making the most of opportunity
There are a number of ways that director shareholders of private companies can withdraw funds from their businesses. We have listed below a number of
Oh what a night
It is fair to conclude that Mrs May’s ambitions suffered a set-back Thursday last week. She is now attempting to manage a minority government, and
Recovery of VAT after deregistration
Last week we discussed in this blog, how to recover VAT paid prior to registering for VAT. This week we are going to sketch out
The hidden tax on car benefits for employers
Businesses that provide employees with taxable benefits: company cars, health insurance and so on, will be aware that a benefit in kind charge is added
Tax Diary June/July 2017
1 June 2017 – Due date for Corporation Tax due for the year ended 31 August 2016. 19 June 2017 – PAYE and NIC deductions
Claim back pre-registration VAT
It is possible to reclaim VAT you have paid on any business purchases before you have subsequently registered for VAT. In fact, once you have
When does a hobby become a trade
An example may illustrate the answer to this question. Harry updates his iPad and decides to sell his old one – he does not use