Capital Gains Tax comes into play when you make a profit from selling something you own. The important point to remember is that the tax is calculated on the profit you make, and not the amount you sold it for. As the name suggests, it’s all about the gain! Here's a quick breakdown of what you need to know.
There are many different tax rates in the UK affecting both individuals and businesses - we've pulled them all together so you can keep on top of them.
Some businesses include a company car as part of the overall remuneration package for their employees. However, HMRC considers the private use of a company car to be a Benefit in Kind and is, therefore, taxed as part of the employee’s overall income from employment.
The Conservatives' 'National Living Wage' is not the same as the one proposed by the Living Wage Foundation. We look at the differences.
If you spend time working from home, then depending on the work you do, you might be able to claim expenses back for using your home as an office.
It’s essential to make sure that you keep your personal and business banking separate, so you’ll usually need a dedicated business bank account.
Understanding and managing your cash flow is a vital part of running a successful business. Here are some helpful tips, plus a handy Cash Flow Forecaster.