Changing from a Sole Trader to Limited Company
Looking for how do you change from sole trader to limited company in the UK? You must be aware that it has significant benefits for
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Exploring VAT Flat Rate Scheme: A Complete Overview
The VAT flat rate scheme simplifies and speeds up VAT return completion for small businesses. Instead of calculating the VAT payable to HMRC as the
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What is VAT Cash Accounting Scheme
The main benefit VAT Cash Accounting Scheme is that you don’t have to pay VAT on invoices you have issued until your customers pay you. Although it also means you can’t reclaim VAT on purchases until you pay your suppliers. You get instant bad debt relief since no sales tax is due if no payment is made.
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CGT Entrepreneurs Relief
Entrepreneurs relief was introduced to help protect entrepreneurs from rises in CGT rates. Entrepreneurs’ relief is available to individuals (or trustees in some circumstances) but not to limited companies.
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Using a Limited Company to Save Property Tax
The analysis of whether it is beneficial to use a Limited Company to Save Property Tax can be complex. This helpsheet aims to identify some
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The Tax Advantages of Self-Employment
This help sheet outlines what it means to work for yourself as a self-employed person. Self-employment offers several tax advantages, but you must also comply
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A Guide On Corporation Tax Self Assessment (CTSA)
To ensure avoidance of penalties, companies should notify HM Revenue & Customs about corporation tax returns within 3 months of commencing trading which is normally
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What is the Construction Industry Scheme and How Does it Work?
Special tax rules apply to the construction industry and workers which are detailed in The Construction Industry Scheme (CIS).CIS uses a verification system for contractors
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Understanding Limited Liability Partnerships (LLP) in the UK
A Limited Liability Partnerships (LLP) is a new form of legal entity introduced on 6th April 2001 and is neither a company nor a partnership.
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Step-By-Step Guide On The Basics of PAYE
In the UK, the PAYE (Pay As You Earn) system is a straightforward way for HMRC to collect income tax and National Insurance contributions from
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