TM01 Form – Director Resignation Form
Directors of a company definitely mean serious business. They run the companies of the world in their own extraordinary style, whether active or inactive directors. But what if they leave the [...]
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Why is SSAS such a great pension option for directors?
I’ll stick my neck out on this and say that I don’t think there’s a better pension model for limited company directors (other senior members of the company and family members) than the Small [...]
SSAS vs SIPP, which is better?
Some people say that the SSAS (or a Small Self-Administered Scheme) is not as good as a SIPP (or the Self-Invested Personal Pension). This might have some truth underlying it when you consider the [...]
What effect will Brexit have on VAT and Accounting?
Mitigate the effect of the changes by seeking advice now No matter which side you find yourself on in the UK-exit-from-the-EU-debate, there are some important changes ahead. One of the biggest [...]
VAT Refunds in UK – How to Claim
To understand the concept of VAT Refunds better, let’s first break down the terminology called VAT and see what it actually stands for. VAT, a brief definition: VAT stands for Value Added [...]
Capital Gains Tax – How to Avoid Paying Tax on Property
Capital Gains Tax (CGT) is a tax on the gain you make when you sell or otherwise dispose of an asset. You usually dispose of an asset when you no longer own it – for example you: Sell it Give [...]
Redundancy Payment – Definition, Rates, Calculator and Saving Taxes
Losing your job is probably the worst thing that can happen in this economic climate. Sadly, it has become a reality for many people with redundancies have become a reality for many people. One of [...]
VAT Rates on Consumer Goods in UK
Luxury Tax or otherwise known as Purchase Tax was a tax on ‘luxury’ goods sold in the UK. Luxury Tax was introduced in the year 1940 at the rate of 33.3% of the mark-up price of luxury goods. The [...]
Taxes on Life Insurance – Life Policy Rules
Life insurance companies are major providers of investment products in the UK (one can pay through their company as well) They provide a route for putting your money into investment funds. Some, such [...]
Tax On Second Job – How Much to Pay
Check Your Employment Contract If you are doing two jobs then ensure that you do not spend too much on paying your taxes. First check that are you authorized for doing a second [...]