06/Jun/2019New crackdown on funeral plans
The government has announced new plans to crackdown on high pressure and bullying tactics to sell pre paid funeral plans. These tactics are often used to target those who are old
06/Jun/2019When should a business register for VAT?
All traders – whether sole traders, partnerships, or limited companies – are obliged to register to charge and pay VAT once annual sales reach a pre-set annual threshold. This threshold […]
05/Jun/2019Workplace pension contributions rise takes effect
An increase in the minimum contributions employers and their staff must pay into their automatic enrolment workplace pension scheme took effect from 6 April 2019. From that date, the employer […]
04/Jun/2019Working from home allowance
If you are self-employed and running a business from your home, there are simplified arrangements available for claiming a fixed rate deduction for certain expenses where there is
04/Jun/2019Working tax credits you could claim
The Working Tax Credit (WTC) is designed to help taxpayers on low incomes by providing top-up payments and includes those who do not have children. There are extra amounts
04/Jun/2019What records must a VAT trader keep?
There are distinct rules that VAT registered businesses must follow when keeping VAT records. This includes keeping proper business and accounting records, a separate VAT account
04/Jun/2019IHT and foreign property
If a permanent home (domicile) is in the UK then any foreign situated property owned at date of death will be chargeable to Inheritance Tax. The site of an asset is usually the
04/Jun/2019Non-resident company liability to Corporation Tax
Under the current rules non-resident companies with a trading business in the UK are liable to pay UK Corporation Tax on their profits made through a permanent establishment/branch
04/Jun/2019Entrepreneur’s relief the basics
Entrepreneurs’ relief is intended to reduce the rate of capital gains tax to a flat rate of 10% on certain qualifying business disposals. Certain aspects of the relief have recently […]
03/Jun/2019Mistakes are opportunities to learn
We can learn more from failure than success. According to Richard Branson, “One thing is certain in business. You and everyone around you will make mistakes.” If we are all […]
01/Jun/2019Personal service company changes from April 2020
In the Autumn Budget the Chancellor announced that the “off payroll” workers rules that currently apply in the public sector would be rolled out to the private sector in 2020. […]
31/May/2019Making Tax Digital is now a reality
Making tax digital (MTD) is now law for all VAT registered businesses with turnover over £85,000. This new law requiring Digital record-keeping and filing of VAT returns via the MTD […]




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