Blogs
Capital Gains Tax (CGT) An Ultimate Guide
Capital Gains Tax (CGT) applies when chargeable assets are disposed of and applies to individuals
CGT Private Residence Relief – Capital Gains Tax
The sale of an individual’s home is normally exempt from CGT, with neither a taxable
Changing from a Sole Trader to Limited Company
Looking for how do you change from sole trader to limited company in the UK?
Exploring VAT Flat Rate Scheme: A Complete Overview
The VAT flat rate scheme simplifies and speeds up VAT return completion for small businesses.
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.
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.
Using a Limited Company to Save Property Tax
The analysis of whether it is beneficial to use a Limited Company to Save Property
The Tax Advantages of Self-Employment
This help sheet outlines what it means to work for yourself as a self-employed person.
A Guide On Corporation Tax Self Assessment (CTSA)
To ensure avoidance of penalties, companies should notify HM Revenue & Customs about corporation tax
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
Understanding Limited Liability Partnerships (LLP) in the UK
A Limited Liability Partnerships (LLP) is a new form of legal entity introduced on 6th
Step-By-Step Guide On The Basics of PAYE
In the UK, the PAYE (Pay As You Earn) system is a straightforward way for
PAYE Problems of Casual Workers
HMRC regularly raises questions regarding casual workers and their payment (or not!) through the PAYE
Is a Gym Membership Tax Deductible for Business in the UK?
Is a gym membership tax deductible for business? Can you claim your gym membership as