Self-Assessment Tax Returns - FAQs
Frequently Asked Questions (FAQs) regarding the annual self-assessment tax return. Applicable to sole traders, partnerships, limited company directors receiving dividends and individuals receiving other income not taxed via PAYE such as rent or investment income.
Charitable Donations - What Tax Relief is Available and How to Claim
More information on the tax and accounting rules relating to charitable donations. There are different rules for individuals, sole traders, partnerships and limited companies.
Limited Company Directors Loans - FAQs
Frequently Asked Questions about Directors Loans, applicable to Limited Companies.
CIS (Construction Industry Scheme) for Contractors and Sub Contractors - FAQs
If you are a contractor or sub contractor it is important you are aware of HMRCs Construction Industry Scheme or "CIS" for short and the rules involved.
Here are some of the most frequently asked questions.
Sole Trader to a Limited Company - Factors to consider
Many self employed people start out as a sole trader, however as the business grows they may consider starting a limited company. There are many factors to consider before making this decision.
How to claim business vehicle and travel expenses
Limited Companies, Sole Traders and Partnerships alike can claim business vehicle and travel expenses. Knowing what to claim and how can be a useful way of reducing your businesses tax liability.
VAT Registration and Returns - An Overview
Find out when and how you can register for VAT and the rates of VAT that apply.
Making pension contributions through your limited company as a director
In this article I will be outlining the benefits to directors of making pension contributions through their limited company.
Corporation Tax 'Super Deductions' - all you need to know and how your company could benefit
As part of the March 2021 Budget, Chancellor Rishi Sunak announced a new capital allowance super-deduction and first year allowance. The measures apply to capital allowances claimed as part of a corporation tax return.
How does Brexit impact VAT accounting?
In this article I will explain how VAT accounting will change from the 1st January 2021, how imports from and exports to the EU will impact VAT as well as how trading with Northern Ireland businesses will change.
Sole Trader Self Assessment Tax Returns - Allowable Expenses
As a self employed person you will incur various expenses throughout the tax year. It is important that you know what can and cannot be deducted from your income as an expense and the calculations involved - this could make a significant difference to your tax bill!