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In 2017, the government introduced two new annual tax allowances: one for trading income (sole trade), and one for income from a property business.
Crunch has written a letter to the government including our detailed response to the 34 questions included in the consultation about off-payroll working in the private sector.
Are you planning on hosting a summer party for your employees this year? We look at the exemptions that are awarded to you by HMRC and the rules.
Thinking about closing your limited company? Perhaps you’re retiring or going back into full time work? This article will explain the two main options available to most people.
If you’re hoping to start the new tax year afresh, a full check-up like this will give you some sound knowledge of your business and what you could be achieving, leaving you confident and assured about the future.
30th September 2018 is the deadline to register any disguised remuneration schemes with HMRC. Disguised remuneration schemes claim to avoid the need to pay Income Tax and National Insurance Contributions. The use of an Employee Benefit Trust (EBT) is an example of a disguised remuneration scheme.
Failure to file a Confirmation Statement is a criminal offence, which can result in directors being fined personally in criminal courts.
On 18th May 2018 the government published a long-expected IR35 consultation about ‘off-payroll working’ in the private sector. We’ll be responding in detail and will publish our response before the consultation closing date of 10th August.
Disaggregation is when business owners try to avoid charging VAT by splitting a business to ensure each operates under the VAT registration threshold.
Small businesses often have to make payments to employees and directors to cover statutory maternity and paternity pay. If you cannot afford to make such payments, you can ask HMRC to provide an advance payment to help your cash flow.