Dividend – Micro Company profit extraction

By | November 23rd, 2017|Business, tax, Uncategorised|

F (No 2) A 2017 received Royal Assent on 16 November 2017. Section 8 of that Act reduces the dividend allowance from £5,000 to £2,000 [...]

What evidence do I require for VAT?

By | November 23rd, 2017|Business, tax, Uncategorised, VAT|

The detail is included in VAT Notice 700 which is required reading for any VAT registered business. If you haven’t printed off a fresh [...]

Wages..can I pay my wife to work in my business?

By | November 17th, 2017|Business, tax|

In a recent case heard by the first tier tribunal McAdam v HMRC a deduction for wages of £90 per week paid by a plumber [...]

Do you qualify for the new Trading Allowance?

By | November 8th, 2017|tax|

Whilst the idea of a £1000 tax free allowance sounds simple as always there are a number of areas which the tax payer needs [...]

Tax News Round Up – November

By | November 1st, 2017|tax|

In this post we have a  round up of Tax News items for November Changes to Pension Tax relief in the Budget? There [...]

Personal Savings Allowance: How it works

By | October 26th, 2017|tax|

From 6 April 2016, if you’re a basic rate taxpayer you’ll have been able to earn up to £1,000 in savings income tax-free. Higher [...]

HMRC no longer accept personal credit card payments

By | October 20th, 2017|tax|

From 13th January 2018 HMRC have advised that they will no longer be able to accept personal credit card payments. Prviously HMRC have accepted credit [...]

Private Residence Relief – No minimum period

By | October 5th, 2017|tax|

A recent decision by the First-Tier Tribunal has confirmed that there is no minimum period of residence to secure the availability of private residence [...]

Investors’ relief – Do you qualify?

By | September 21st, 2017|Business, tax, Uncategorised|

Investors' relief as form of capital gains tax relief was launched in the 2016 Spring Budget as an extension of entrepreneurs’ relief (ER). It [...]

Crowdfunding- what are the tax implications?

By | September 13th, 2017|Business, tax, Uncategorised, VAT|

The use of crowdfunding to raise funds has been on the increase since the concept was first coined back in 2006. A recent conversation with [...]

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