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Buying a Car through Limited Company
Is it worth buying a car through Limited company? What are the advantages and disadvantages? If the Company Buys: On

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Dividends & Tax implications
What is a dividend? A dividend is a payment a limited company can make to shareholders when it has made and retained

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Tour Operators Margin Scheme (TOMS)
The information provided in this article shows how you must account for VAT if you buy-in and re-sell travel facilities

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Stamp Duty Changes – April 2016
From 1 April 2016 existing SDLT residential property rates will be increased by 3% for purchases of additional properties such

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Tax Rules are Set to Tighten
In the 2015 Summer Budget , the Chancellor announced new proposals to restrict what landlords can claim against tax. As

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Budget/Finance Bill 2014
As I am sure you are aware, George Osborne’s fifth Budget speech took place on 19 March 2014. 

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Property Repair & Maintenance Expenses
Repair means the restoration of an asset by replacing subsidiary parts of the whole asset. An example is the cost

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VAT Registration | VAT Advantages & Disadvantages
Should I Register For VAT? A common question amongst small business owners is whether or not they should register for

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Capital Allowances on Fixtures
There are a number of capital allowance claims firms targeting businesses which have recently bought or sold commercial property. These

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Dual employment Domiciled & Non domiciled
Duel Employment Contracts Where a person has an overseas domicile (usually because he was not born in the UK), and

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Capital Tax Changes 2014/2015
Selling Your Home When you sell your home, any gain you make is tax free if you have lived there

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Individual Tax changes 2014/2015
Income Tax Allowances The standard personal allowance will increase to £10,000 from 6 April 2014, but the age allowances for

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Small Business Tax Changes 2014
Business Rates From April 2014 businesses will be able to spread the payment of their business rates over 12 months

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Use of Home Calculation
S34 Income Tax (Trading and Other Income) Act 2005.This page looks at some of the types of expenditure that may

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Filing Tax Return If you live or Work Outside The UK
If you are not resident in the UK you will still have to declare income you receive from UK sources

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Construction Industry Scheme (CIS) Issues
On 6 April 2007 a new Construction Industry Scheme was introduced. It is important that contractors and sub-contractors are aware

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To App or Not to App, is no longer the question
 The use of mobile technology in the UK beyond the realm of making phone calls is growing, but the number

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Purchasing a Vehicle through your business
If you are thinking of buying a car, van or motorcycle, you have a choice of purchasing the vehicle personally

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Accounting Provisions and Year End Bonuses
As the application of accounting standards and selection of accounting policies has come to play an ever-increasing role in the

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Simplified Small Business Accounts (“The Cash Basis”)
This blog is written to set out details of a new way in which small businesses can produce their accounts

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Budget Summary Small Report
Chancellor George Osborne’s fourth Budget statement was delivered on 20 March 2013 against a challenging domestic and global economic backdrop.

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Budget Report 2013
Chancellor George Osborne’s fourth Budget statement was delivered on 20 March 2013 against a challenging domestic and global economic backdrop.

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Company car tax rates
Company car tax rates From 2015/16, two new appropriate percentage bands will be introduced for company cars with a rate

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VAT and indirect taxes
VAT From 1 April 2013 2012 Standard rate 20% 20% VAT fraction 1/6 1/6 Taxable turnover limits Registration – last

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Other announcements
Stamp duty land tax A measure to amend section 45 of the Finance Act 2003 (transfer of rights) is introduced

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Personal Fianances
Key announcements affecting your personal finances. Personal and trust taxes A summary of the income, inheritance and capital gains tax

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Other Announcements
Child care Scheme A new childcare scheme is to be introduced to support working families with their childcare costs. For

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Pensions and investments
Reducing the pension annual and lifetime allowances The pension annual allowance has been £50,000 since 2011/12, but it is being

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Personal & Trust Taxes
Income Tax Income tax personal allowance The income tax personal allowance for individuals born after 5 April 1948 is increasing

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For businesses
A new allowance for employers’ National Insurance contributions and an accelerated reduction in corporation tax to 20 per cent from

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Other announcements for businesses
Bank Levy The full rate of the Bank Levy will be increased to 0.142 per cent from 1 January 2014.

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Business Tax Rates
Corporation tax Year ending 31/3/2014  31/3/2013 Taxable profits: First £300,000 20% 20% Next £1,200,000 23.75% 25% Over £1,500,000 23% 24%  

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Economic and fiscal update
The economic background to Chancellor George Osborne’s fourth Budget speech could hardly have been more challenging. After he declared that

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Difference Between Registered & Service Office Address
What is a registered office (RO) address? All companies must have a registered office, which must be a situated at

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Employees Relocation Expenses
This guide explains your tax and National Insurance contributions (NICs) obligations if you provide expenses and benefits to an employee

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Entertaining | Annual Staff Parties
Whilst Christmas and Christmas parties may now be a distant memory, I thought it would be a good time to

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Motor Veichele Travel Cost for small business
HM Revenue & Customs now change, on a quarterly basis, the rates at which business mileage allowances may be paid

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Students Loans how, when and how much will I pay
HM Revenue & Customs collects repayments on student loans taken out after August 1998. You can find out more about

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Tax Evasion v Tax Avoidance
In very simple terms, tax avoidance is legal, but tax evasion is illegal and you risk prosecution for breaking the

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Non-residents liability to tax in the UK
Q1: How can I claim repayment upon leaving the UK? (For temporary visitors to the UK only) A1: To enable

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VAT between the UK and Belgium
As Belgium and the UK are both in the European Union VAT Area, there are complicated VAT rules affecting business

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Toasted Snubs – Subway VAT
It looks like bad news for over 1,200 Subway franchisees as Sub One Ltd loses its challenge in the upper

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IR35 Personal Service Companies
IR35 was brought in to prevent the payment of less tax and national insurance by using a personal service company

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Travel and Subsistence Expenses
The tax treatment of travel and subsistence expenses can be surprisingly complicated.

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Are you a UK resident for Tax Purposes
Generally speaking an individual is assessed to income tax in the United Kingdom if he is deemed to be UK

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Sole trader, Partnership, LLP or Limited Company
This blog gives you an outline of the different business structures you can trade through. Your business format is not

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Small business tips- New Startup Business help
Here’s our list of the top things to look our for when starting a business.

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Employee Dismissal Procedures
Dismissing an employee can be a tricky business and the correct procedures need to be followed. The dismissal must be fair

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Capital Gains Tax – Qualifying
From 22 June 2010 the rate of capital gains tax is 28% (18% to the extent any taxable gain falls

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Companies Act 2006 provisions Directors Duties
You may be aware that in late 2006 the Companies Act 2006 became law although it did not become fully

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Do i need insurance for my business
Your business is always at risk from various angles. You need to try to minimize the risk of the following

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how to get a business grant
A grant is when an amount of money is given to an individual or business to be used for a

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Year end Accounts
This help-sheet provides you with an overview of the information to provide to us to enable completion of your end

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Employment Issues in small business
This blog cover the Employment issues in small businesses. The working time and minimum wage regulations apply to nearly all businesses. The working

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FAQ’s
Q. I want to close down my consultancy company and pay the funds it holds to me as the only shareholder.

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An Introduction to Self-Assessment
Self Assessment started in 1997, the idea being that taxpayers can easily complete their own tax returns. The reality has

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National Insurance – Your Way Around the Maze
All rates in this article are for 2012/13. NIC for Employees For employees Class1 National Insurance (NI) primary contributions are

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Dividends and PAYE/NI – Salary or Dividends
You are no doubt aware of the potential advantages relative to the payment of dividends by your company to its

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Directors Responsibilities
Whilst shareholders are the owners of Limited Companies the job of running them rests with the directors and they must

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Budget 2012 Summary
The big news for individuals is that the personal allowance will increase to £9,205 from 6 April 2013, so you

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Changes in Motor Vehicle Travel Costs
HM Revenue & Customs now change, on a quarterly basis, the rates at which business mileage allowances may be paid

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Tax Efficient Profit Extraction – How to Save Tax
As a company owner you can choose how to extract the profits from your company, and by making the right

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Pension Simplification & rules
On the 6th April 2006 (A Day) new rules were introduced which were a major overhaul of the pension system,

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Factoring & Invoice Discounting
As many businesses do, you may find yourself operating perilously close to your overdraft limit on an almost daily basis

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Non UK Residence and Domicile Status
You may be aware that in late 2006 there was a Special Commissioners decision in favour of HM Revenue &

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Accounting software – Advantages and Disadvantages
Keeping your accounts can be a tricky business. It is necessary to do so not only to comply with legal

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Company secretary requirement
There is no longer a legal requirement for private companies to have a company secretary unless its articles of association explicitly requires

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Paye/NIC Late Payement Penalties
As you may be aware, from May 2010, HM Revenue are charging penalties for late payment of PAYE and National

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Private Residence Relief – More Than One Residence
Taxpayers who own more than one residence (whether in the UK or overseas) have a number of tax issues to

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FAQ’s
This Blog answer the Question for start up businesses, Not sure what to include in invoice? letter head? emails?

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FAQ’s
Q. My employees earn an average of £490 per week, how much more NI will I have to pay for each

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Property Development Issues
There are a wide range of tax issues to consider when developing properties. Here we touch on just a few

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Sole Trader VS Limited Company
Sole Trader This is the simplest form of business to start where you carry on business on your own account.

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Are you Safe from the IR35 Regulations
Are you Safe from the IR35 Regulations As a provider of services through your own limited company you will no

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Director of a limited Company
Can anyone be a director? Generally it is up to the members (shareholderowners) to appoint the people they believe will

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Tax Treatment Payments on Termination of Employment
Most employers are aware that in certain circumstances a lump sum payment to an employee on the termination of their

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Companies Act 2006 Provisions/Director’s Duties
You may be aware that in late 2006 the Companies Act 2006 became law although it did not become fully

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A Guide to Stamp Duties
A Guide to Stamp Duties There are three types of Stamp Duty: Stamp Duty Land Tax (SDLT) – which applies

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New Capital Allowances Regime
As you are probably aware, there have been some major changes to capital allowances claims (i.e. asset depreciation rates permitted

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Construction Industry Scheme (CIS) Issues
On 6th April 2007 a new Construction Industry Scheme was introduced. Many of the characteristics of the previous scheme were

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Corporation Tax Deductibility of Year End Bonuses
As the application of accounting standards and selection of accounting policies has come to play an ever-increasing role in the

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Annual Staff Parties, Gifts and Non Taxable Benefits
Whilst Christmas and Christmas parties may now be a distant memory, I thought it would be a good time to

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Capital Gains Tax – Qualifying For Entrepreneur’s Relief On Sales Of Businesses
Important changes to the capital gains tax rules relating to sales of businesses by individuals were introduced from 6 April

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Dis-incorporation – Removing a Business from a Limited Company
The process by which a business is transferred out of a limited company and carried on subsequently by a sole

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Minimising Tax on Company Cars
How to Save Tax on Company Cars The cost of being provided with a company car has reached extremely high

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Employees Working Abroad
When your employees go to work abroad you need to think about their potential liability to income tax and national

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Main Tax Late Filing and Payment Penalties
This article summarises the main tax late filing and payment penalties. In addition, you should be aware there are penalties

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The Basics of Inheritance Tax
Accounting Services London Inheritance tax (IHT) is starting to be more of a concern to many people. Most estates (the

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What is VAT Annual Accounting
With the Annual Accounting Scheme you complete one VAT return per year instead of each quarter.

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CGT and Your Principal Private Residence
Online Accountants – London Accountant The sale of an individual’s home is normally exempt from CGT, with neither a taxable

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An Introduction to Capital Gains Tax
Capital Gains Tax (CGT) applies when chargeable assets are disposed of and is applicable to individuals and trustees but not

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How to Write Business Plan
A business plan helps you to do all the necessary research to take a business concept and lay out how

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Transferring your Business to a Limited Company
Many individuals who are self-employed, either on their own account or in partnership, will from time to time consider whether

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FAQ’s – Start up business Advise
Q. About three years ago I converted a barn into two attractive cottages,

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What is VAT- VAT rules in UK
Most purchases carry a VAT charge. Value Added Tax (VAT) is levied on most business transactions and on many goods

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VAT Flat Rate Scheme
The VAT flat rate scheme is designed to make it simpler and quicker for small businesses to complete their VAT

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What is VAT Cash Accounting
Under the cash accounting scheme you account for VAT on the basis of payments you receive and make, rather than on

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