Introduced in 2008 by the Labour Chancellor Alistair Darling, Entrepreneur’s Relief (ER) is a generous tax break for entrepreneurs retiring or selling their business. It is a valuable relief [...]
You have been running the business successfully as a sole trader, where the earnings have got to a point when it is no longer tax efficient or you simply wish to reduce the risk of unlimited [...]
From 6th of April 2020, the off-payroll rules which are already applicable to contractors working in the public sector, will be extended to the contractors working for large and medium companies [...]
Defying all warnings and the catastrophic effect it will have on businesses, contractors and their families, the Government yesterday announced a review of the Off-Payroll (IR35) Tax for smooth [...]
A Self-assessment (SA) tax return is usually required if a taxpayer has other income apart from regular PAYE income. Find out if you need to file a tax return. Important Dates for [...]
If you are an employee and you spend certain business expenses yourself for performing your duties for business, that your employer does or does not reimburse, you might be able to get tax relief. [...]
Many companies now a days are receiving a letter from ICO (Information commissioner office), reminding them of their duty to pay ICO data protection fee if they process personal information of the [...]
IR35 off payroll rules are already applied on contractors engaged in the public sector from April-17 and the rules will be extended to medium & large sized private companies from April 2020. After [...]
Enterprise investment scheme (EIS) is a venture capital scheme designed for companies to raise money with the help of individual investors, for growth and development of the business. It offers [...]
In this article we look at whether you need to register and file for self assessment tax return. In a recent data published by HMRC around 47 million people have taxable income in the UK, out of [...]