What is the Supervision, Direction, or Control test and how does it affect travel and subsistence expenses?
If you work through a personal service company, then you need to understand how Supervision, Direction, or Control affects travel and subsistence expenses.
Your P60 is a summary of your pay and all deductions in a specific tax year (6th April to 5th April the following year). Here's what it includes.
In 2017, the government introduced two new annual tax allowances: one for trading income (sole trade), and one for income from a property business.
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'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.