Generous Tax Relief
How to Benefit from Generous Tax Relief: Invest in EIS and SEIS The Enterprise Investment and Seed Enterprise Investment Schemes are similar, except that SEIS is specifically for investors who are [...]
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Real Time Information (RTI): The Pain of Penalties
Real Time Information (RTI): Important Guide and date of RTI Real Time Information, or RTI – are you on top of it? By 2016, every employer must make a Full Payment Submission (FPS) to HMRC each [...]
Should I charge interest on money I lend to my own limited company?
Should I charge interest on money I lend to my own limited company? The answer is very clear, if you lend money to your company, YES, you should definitely charge interest at the commercial [...]
Research and Development Tax Credits to Encourage UK Businesses
Why Aren’t You Taking Advantage of R&D Tax Relief? Do you fancy being on the receiving end of fat tax relief for eligible expenditure towards research and development? Don’t just assume [...]
Five- and Ten-Hour Rule for Subsistence?
What Are the Five- and Ten-Hour Rule for Subsistence? Meal allowances are designed to meet the extra cost incurred by someone who is travelling to work away from their normal home-office or place [...]
A Pot of Gold for Retirement. Pensions or Individual Saving Accounts (ISAs), which is best?
The need to save for retirement is being drummed home by government, encouraging the entire working population to change its attitude toward saving for old age by offering incentives. Contractors and [...]
Save Tax on Pension Plans
Great Tax Savings on Pension Plans for the Self-Employed and Contractors Pensions are one of a few remaining tax breaks available to contractors and freelancers, so if you can you should invest [...]
HMRC’s Upper Tribunal Case against Former Rangers FC
HMRC’s Upper Tribunal Case against Former Rangers FC: 1–0 to the Taxpayer! HMRC has lost the Upper Tribunal (UT) case over tax-free loans made to staff by the former Rangers FC through its [...]
Auto-Enrolment: Time to Act
What is auto-enrolment? To ensure people save enough money for their retirement in addition to the state pension, auto-enrolment into a workplace pension scheme was introduced by government to [...]
A Recent Tax Tribunal Case Shows How Dividend Waivers Should be Used Selectively
A recent case has highlighted the potential hazard of dividend waivers as a means of saving tax between civil partners or married couples. That is not to say this strategy is never acceptable, but [...]