The salaried member legislation can apply to certain members of a Limited Liability Partnership (LLP). This can happen where HMRC consider that a member of an LLP is not a

Revenue has introduced a ‘two-tier’ VAT registration concept by applying a ‘domestic only’ or an ‘Intra EU’ status for VAT registration, which took effect on 15th June 2019. Domestic Only […]

Keep details of your Directors Loan Account, and keep it in credit In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of director loan […]

In the current economic climate, it is increasingly likely that at some stage, you could have to manage a redundancy process. In today’s uncertain business climate many firms face the […]

Using your car in your property rental business Landlords will often use their car for the purposes of their property rental business. Where they do so, they are able to […]

An independent review into the evidence on minimum wage rates has been published by the government. The review concludes that increases in the National Living Wage (NLW) have

There is a multitude of rules and regulations that you must be aware of when you start employing staff for the first time. A full examination of the rules is beyond the scope of

It is important to be aware of the main basic business structures available if you are considering starting a new business. There are three commonly used forms of business

A free HMRC tax app is available to taxpayers.

The APP can be used to see:

your tax code and National Insurance number
an estimate of the tax you need to pay
your income and

Partnerships are treated as transparent for Capital Gains Tax (CGT). This means that each partner is responsible for their share of any capital gains arising on the disposal of

The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for certain tax purposes.

In order to qualify as a

A waiver of remuneration happens when a director or an employee gives up their right to salary or other cash remuneration and gets nothing in return. Where the employee gets a