A Franchise Owner's Guide To Taxes
If you are looking to start your own business but do not want to start from the scratch, then franchise is one of the best option. Choosing to buy a franchise not only removes a lot of stresses that [...]
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Paye Umbrella Company For Contractors
What is a Pay-as-you-earn (PAYE) umbrella company? By operating through a PAYE umbrella company, a freelancer/contractor turns into a member of workforce, of an organisation. An umbrella company [...]
Competition and Markets Authority (CMA)
About Competition and Markets Authority Launched on 1st October 2013, the Competition and Markets Authority (CMA) is a non-ministerial government department in the United Kingdom responsible for [...]
Taxes on Knowledge: A brief history and its consequences
Taxes on Knowledge We live in a time where access to information is easy, cheap and quick. Internet, TV, radio, etc has made it possible to access any news and information in super quick time from [...]
2019 Loan Charge – What Schemes are affected?
As per the finance act (No 2) 2017, government introduced certain measures to tackle with disguised remuneration loan schemes known as 2019 Loan charge. This charge is levied on the non-taxable loans [...]
Hiring Self-Employed People to Work
Who Is A Self-Employed Person? A Self-employed person is a person who runs his or her own business and himself is responsible for it’s success or failure. A Self-employed person is a custodian [...]
Guidance Changed by HMRC on Director’s Tax Returns
For many years, the question of whether or not a director is required to register for self assessment and complete a tax return has come up again and again, largely due to the inaccurate guidance on [...]
Zero hours contract tax and national insurance
Understanding Zero-Hours contract There is no legitimate explanation or definition for a zero-hours agreement in either United Kingdom or Northern Ireland employment law. In common terms, a [...]
When Does New Financial Year Start and Important Dates in 2018/19
Tax year 2018/19 Officially, in the United Kingdom, the taxation year 2018/19 started on 6th April 2018 and will run until 5th April 2019. The cut-off date for self-assessment and disbursement are [...]
VAT on cakes or biscuits
What is VAT? Value added tax (VAT) was introduced in 1973 in the United Kingdom. This tax is controlled and collected by HM Revenue and Customs (HMRC), mainly under the VAT Act 1994. VAT is payable [...]