When you are self-employed, you can claim back any expenses you make in order to carry out your work and set these against your profits. This helps reduce the amount of tax you pay. What is less well known is the fact that employees can also claim some expenses that are paid out as…
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After covering the basics of Capital Gains Tax (CGT) in a previous blog, I thought it may be useful to discuss the specific rules surrounding the selling of company shares. Calculating the gain from selling shares As with other assets, the gain on selling shares is calculated from taking the proceeds and subtracting the original…
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In addition to the usual method of accounting for VAT, where you add 20% onto sales, pay this to HM Revenue and Customs (HMRC) and claim back the VAT on your purchases, there are other methods you can use. There are three main methods for calculating VAT; the flat rate scheme, the cash accounting scheme…
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We have previously looked into what deadlines and penalties there are for areas such as self-assessment and VAT, however we have not looked into the obligations of a limited company. As limited companies rise in popularity, it is important to know what you need to do to be compliant with Companies House and HM…
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This guest blog has been provided by the kind people at Portico. If you want to invest wisely post Brexit, you need to think location, location, location. New builds’ locations have been specifically chosen with today’s tenant in mind, so they’re usually based near a great transport link in a desirable or up-and-coming area. In…
DetailsThe following blog has been kindly provided for us by Jerime Attah of St Jame’s Place Wealth Management. Are you a company director? Do you have life insurance in place to protect your family? If so, you could be paying an unnecessary tax penalty. If you pay for this cover from your own bank account…
DetailsThis guest blog has kindly been provided by Joe Thomas of All Green PR. Expanding your Business: The real cost of taking on your first employee There comes a time in the growth cycle of any start-up when it becomes more pressing to move on from handling every aspect of the business yourself. At this…
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Running a sustainable business means keeping up with what your consumer wants and how they find it. If you get left behind, you could see your flow of new business slow down. In this changing marketplace, it seems that the move towards mobile devices is almost inexorable – but how much do you know about…
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It’s one thing to have a business that is doing well and generating a healthy profit, but what more can be done to ensure you are making the most of your income? There are a variety of options currently open to Owner Managed Businesses and Individuals that include some very useful reliefs from taxation. These options should…
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As your business grows and becomes more successful, you will find a point where it would be beneficial to have some regular help. Most commonly this would involve employing someone to work for you. Aside from the obvious factors such as what you want the employee to do, there are seven points you must address when it…
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