If you’re currently working as a contractor through a Limited Company, then you may well have caught wind of the fact that the Government is planning some serious changes as from 1st April 2017, to how you are taxed for your work.
Around this time of year, many business owners struggle with making payments of income tax, corporation tax and VAT all at once.
Published: 6 December 2016 | Category: Tips
Nobody needs a tax headache at Christmas - so we’ve put together these top tips to help address a few of the more common questions we get at this time of year.
Capital allowances are not a particularly well-understood part of the property sales process, but they are highly relevant for virtually every business and property investor. In this article, we’ll outline six of the most common myths we’ve seen regarding capital allowances.
Fee protection insurance is a specialist insurance policy provided by your accountant that covers all of our professional fees in the instance that HMRC (H M Revenue & Customs) requests an enquiry of any type against you or your business.
It may seem like a long way off however, our team are in the process of helping our clients with their Tax Returns for the 2015-2016 tax year, working towards the looming January deadline. Failing to submit your tax return on time can result in large fines from HMRC which is why we always stress the importance of submitting tax returns before the final deadline to our clients.
As of 6th of April 2016, the way that dividends are taxed has changed. This article will attempt to explain the changes, and how it could affect you. The older system of dividend tax credits will no longer be used for the remainder of the 2016/17 tax year (which runs 6th April to 5th April the following year). Instead, after including a £5,000 ‘dividend tax allowance’, dividends will now be taxed at 7.5%, 32.5%, and 38.1% (basic, higher and additional bands). As a result of these changes, almost all company owners will end up paying more tax.
More than six million workers have begun saving money into a workplace pension as a result of auto-enrolment.
If you are one of the 5 million people who haven’t yet filed their self assessment tax return, and are having a taxing time going through the motions, read our tips to help you below.
Published: 30 June 2014 | Category: Tips
A list of dates for your summer diary, covering June, July and August 2014.