Unincorporated businesses and companies planning capital expenditure projects need to be aware of some time-limited reliefs. Timing capital expenditure to benefit from these reliefs can
The corporation tax rules are changing from 1 April 2023, and the amount that a company will pay will depend on the level of its
The High Income Child Benefit Charge (HICBC) is a tax charge that claws back payments of child benefit where the recipient or the recipient’s partner
The Covid-19 pandemic forced large numbers of employees to work from home forthe first time. Having made the transition to home working, post pandemic, manyemployees
In a private limited company, it is usual for a director to also be a shareholder. Payments made to shareholders are deemed to be income
Companies cease for various reasons, some closing for the personal reasons of their directors or shareholders, rather than being forced to close by creditors. Many
Legislation surrounding ‘Trivial Benefits’ was introduced to save employers from having to report relatively small amounts given to employees as taxable on a form P11D.
Businesses become companies for a variety of reasons. Not so long ago it was mainly as a tax planning tool but increasingly the differences in
Despite the increase in National Insurance Contributions (NIC) in the April 2022 Spring Statement (the increase being replaced by the Health and Social Care Levy
Cryptocurrencies, such as Bitcoin, are a type of electronic cash; designed to stand apart from any government or bank they work through a computer network. Records confirming Individual
When you start a business, you will need to incur costs before you are able to start trading. Did you know that you are able
Although the National Insurance rates and thresholds for 2022/23 had already been set, at the time of the Spring Statement in March 2022, the Chancellor
To help companies realising losses as a result of the Covid-19 pandemic, the loss relief rules were amended to provide for an extended carry-back window.
A lot of time and paperwork can be saved by claiming expenses using the simplified rates, rather than recording and deducting actual costs. However, if
If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those
When letting property, the aim is to make a profit. However, as recent years have shown, life is unpredictable and things do not always work
The rent-a-room scheme allows people to earn rental income tax-free when they let out a furnished room in their own home. You do not have
The property income allowance allows you to earn a small amount of rental income tax-free each year. It is useful where the rent-a-room scheme does
The Construction Industry Scheme (CIS) sets out special rules for tax and national insurance contributions for those working in the construction industry: be they companies,
The usual method of incorporation is via Companies House WebFiling or Company Formation Agent (although paper submissions are still accepted). If incorporating via WebFiling there
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