Giving a share of your business to your spouse can reduce the tax bill on its profits. Alternatively, you could sell part of the business to them which can save even more tax. How’s it done? Family (tax) planning Owning... Continue reading
You switched from working in the office to working at home a while ago. You’ve heard that this can result in a tax bill if you move home, is that the case? Do your homework Working from home is increasingly... Continue reading
The rules regarding pre-registration VAT have always been a source of confusion. HMRC’s tinkering of its own internal guidance has made matters worse. What do you need to know to ensure you reclaim all that you’re entitled to? HMRC’s... Continue reading
Special tax rules block relief for business entertainment costs. However, the rules can be applied in different ways. What are the dos and don’ts? Business entertainment As you probably know, both income and corporation taxes rules block businesses from... Continue reading
Rules effective from April 2017 and April 2021 shifted the responsibility for deciding if IR35 applies to a contract from the worker to the client, but not in all cases. Many workers must still make the decision. What might be... Continue reading
The right time to opt to tax a property and whether you apply VAT to land and buildings that you own can be an important factor in your business tax planning. What are the key factors you should take into... Continue reading
Why Should You Set up a Limited Company? And why it is better than Self-employment? Limited personal liability One of the most beneficial advantages of forming your own company is the limited liability protection. This means that if your company... Continue reading
Starting a limited company can be a very good idea if you want to start your own business and become an entrepreneur. It gives you the freedom to expand your business and take it to new heights. However, setting up... Continue reading
The GDPR comes into effect on 25 May 2018, the new regulations apply to all businesses who hold or process personal data, which will impact organisations worldwide. No matter what the size or location of your business you will need... Continue reading
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