HMRC was awarded nearly £1 billion by government to improve its arsenal to tackle tax fraud and evasion in the UK. Under new powers which came into force of September 2013, HMRC hopes to: 1) to [...]
About Business Entity Tests Business Entity Tests (BETs) were introduced in 2012 and designed for contractors and freelancers to estimate the likelihood of their contract and day-to-day practices [...]
Employers to get an employment allowance of up to £2,000 as a contribution towards employers NI allowance. A big relief for small business and contractors. Personal allowance to increase to [...]
Take a recent story about a couple from Cheshire. They left the UK to live abroad more than a decade ago and claimed that they returned to England as visitors to see friends and family, but never for [...]
Should I buy property through my limited company? Whether or not to invest in property through your limited company might be something you’ve considered. Definitely you can do this, but whether [...]
Investing in commercial property through your self-invested personal pension If you have a self-invested personal pension (SIPP) you have the choice to invest in a range of assets, including [...]
This month in 1867 Alfred Nobel patented dynamite. It was to make the Swedish inventor a multi-millionaire. Since then his ‘Nobel Prizes’ have immortalised him. Now, for obvious reasons, you [...]
VAT and the Taxpayers Right to Appeal On 1 April 2012, it became mandatory for all VAT-registered businesses to submit their VAT returns and pay what is due online. This marked an extension of the [...]
Residency Tests: working out your status HMRC's statutory residence test is designed to provide greater certainty as to whether or not individuals are UK resident for tax purposes. The rules are [...]
Should you outsource your accounting? Fact is that virtually all small and medium size businesses outsource at least some of their accounting services. It just doesn’t make sense to hire a [...]