Self Employed Expenses It’s important as a self-employed business owner you are well informed about expenses and tax relief. You can download a handy PDF guide on the different types of expenses you could claim for tax relief, as a self-employed business. Below you can watch our video on self-employed expenses. Download Instantly FREE Name …
Ready to know your numbers? Get access to exclusive courses, resources & videos on our FREE membership site. Learn more The Director Loan Agreement (unsecured) If you as a director are looking to or already have borrowed over £10,000 from your Limited Company, then you will need to have a formal director loan agreement in …
The Super Deduction If you are interested in lowering your corporation tax bill by up to 25%, then the new Super Deduction (introduced in the Budget 2021) is something that you may benefit from. The super-deduction offers 130% first-year relief on qualifying main rate plant and machinery investments until the 31st March 2023. So to put …
Non Exclusive Licence Agreement This agreement sets out the basic terms of a rental agreement for your domestic property on a short term basis. It is essential you have this licence in place if you are going to charge your business a rent. Otherwise, HMRC could deem any rental payments as salary payments, and subject …
UK Budget 2021 With the UK budget 2021 just announced on the 3rd March 2021, we’ve broken down the key changes to income tax, national insurance, personal allowances as well as dividend tax. In our latest video for the Accounting & Tax Academy on YouTube we explore how you can pay yourself a tax optimal …
Due to the outbreak of COVID-19 the Business Bounce Back Loan was launched by the chancellor Rishi Sunak to provide much needed financial support to businesses struggling at this time. Is this bounce back loans news article, we explore what happens if you genuinely cannot pay back the loan for various reasons. What if I …
Bounce Back Loan – What If You Genuinely Can’t Pay It Back? Read More »
VAT or Value Added Tax is an indirect tax charged on most goods and services in the UK and across the European Union. Today, we’re tackling VAT registration. Making An Informed Decision Time and time again we hear this statement from business owners….’my business has not or will not reach the current VAT registration threshold …
What is a HMRC tax enquiry? HMRC Investigations are something most of us will hopefully never face. When you complete and submit your self-assessment tax return by the 31st January every year, HMRC immediately processes your tax return and makes basic checks to ensure the accuracy of the calculations. HMRC now have a powerful and …
If you are a PSC Limited Company contractor providing your professional services to a client or a business owner that engages with freelancers and contractors and need some guidance in navigating the IR35 changes in 2021, then keep watching: A brief recap on the IR35 changes in 2021 The salient points of the new off …
Sole Trader or Ltd? The question of limited company vs sole trader is always a hot topic, and there is no straightforward answer; a lot of videos on this topic present a very skewed view towards one or the other. We want to provide you with a balanced look at limited company vs sole trader. …
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