Expenses are great. By claiming all your allowable expenses, you reduce your company profits, meaning less tax to pay on them. Here's what to do.
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.
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.
What the difference between a Consultant or Contractor? It can make a huge impact to your prestige, and your pay. Here's an explanation of the differences.
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.
If possible, you should always asked to be paid in your native currency, as an appropriate rate elsewhere can be a very low rate in the UK.
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.
Many take the sole trader route when starting a business, but there are huge benefits associated with setting up a limited company.