Would An LLP Be Better For Your Business? Advantages & Disadvantages Compared With Companies
When setting up in business, most people weigh up the pros and cons of operating as an unincorporated business or a limited company. However, there
Are You Ready For The Change? Self-Employed – Basis Period Reform
As part of HMRC’s Making Tax Digital initiative, the existing method of calculating profits on an accounting year basis is to be abolished for the
Are You Ready For The Change? Self-Employed – Basis Period Reform Read More »
Mixed-Use Properties and SDLT
For stamp duty land tax (SDLT) purposes, a property may be a residential property, a non-residential property or a mixed-use property. The classification is important
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CGT Advantages of Furnished Holiday Lettings
Furnished holiday lettings (FHLs) have a number of tax advantages over residential lets. These advantages include the opportunity to benefit from a number of capital
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Selling the Garden for Development
If you own a large plot of land that you no longer require but you don’t want to move home, you may consider selling some
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Are You Entitled To Small Business Rate Relief?
Business rates are charged on non-domestic properties like shops, offices, warehouses, factories and holiday rentals or guest houses. However, if your property’s rateable value is
Are You Entitled To Small Business Rate Relief? Read More »
Do you Need to Complete A Tax Return?
Even if you pay all your tax through PAYE, you may still need to complete a Self-Assessment tax return if you are a high earner.
Do you Need to Complete A Tax Return? Read More »
Mobile Phones – A Worthwhile Benefit
The tax system contains a number of exemptions, some of which are more useful than others. One of the more valuable exemptions is that for
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NIC Advantages of Part-Time Workers
Employers looking to take on new staff may wish to consider employing two or more part-time workers rather than one full-time worker. This can save
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Tax and Tips
The Employment (Allocation of Tips) Act 2023 sets out a new legal framework for the fair allocation of tips. A new Code of Practice is