New Tax-Free Childcare scheme
New Tax-Free Childcare scheme to be increased to up to £2,000 per child and extended to all children under 12 within the first year. Who can take advantage of Tax-Free Childcare? In the last [...]
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Are You Self-Employed and Working as a Sole Trader?
Are You Self-Employed and Working as a Sole Trader? The concept of a company was created by someone very smart many be centuries ago. This someone wanted to take advantage of the upside of running [...]
IR35 Contractors - Is the income of contractors and freelancers in real danger due to new IR35/"off payroll" rules for public sector workers announced
The short answer to the question in the heading is, YES, because the Treasury’s final guidance to public bodies about how they should process "off-payroll" payments to freelance and limited-company [...]
Thinking of Buying a Company Car? Think carefully
Key Points You Need to Know When Buying a Company Car Clients often ask whether it is tax efficient to buy a car through the company. The answer is, it can be, but the amount of tax relief is [...]
HMRC Takes on a New Weapon in its Fight against Tax Evasion
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 [...]
IR35 and BETs: Are You High Risk?
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 [...]
DNS Accountants Summary of Autumn Budget 2013
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 [...]
Residency status and the importance of documentation
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 [...]
Buy property through a limited company
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 [...]
Buying Commercial Property through your SIPP
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 [...]