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 [...]
Blog
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 [...]
Quickly Growing Your Business With These 7 Little-Used ‘Big Bang’ Strategies
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
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
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 [...]