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's the difference between a Consultant or Contractor? It can make a huge impact to your prestige, and 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.
Benefits in kind are benefits that employees or directors receive from their company which aren’t included in their salary or wages. They’re also sometimes called ‘perks’ or ‘fringe benefits’. Not all benefits in kind are treated in the same way by the tax system, so here's what you need to know.
A businesses would typically provide a customer with a credit note when the amount on an invoice is disputed or incorrect. This might be due to an admin error, or because the customer requires a full or partial refund. Here are a couple of scenarios of when you might want to issue a credit note to a client.
As a limited company, your travel expenses are generally allowed as a business expense where all of the following conditions apply you are responsible for paying the travel costs, the travel is necessary for your work. Find out more here!