Partnership profit allocation refers to the equal distribution of profits. Partnership income is computed for the whole partnership by reference to the various sources of
Allocation of Partnership Profits to Corporate Partners Read More »
How do you pay tax on crypto currencies? Are cryptocurrency or crypto-asset gains or profits taxable? Can you obtain tax relief if you make losses
Tax on Crypto Currencies & Crypto Assets Read More »
After several recent tribunal cases on the subject, HMRC has amended its guidance about whether a director has to file a tax return. The guidance
Director’s Guide From Accountants Read More »
Many small businesses, whether incorporated or not, pay family members for working for the company. However, as a recent case shows, it is easy to
The Best Way to Pay Family Members Read More »
The UK government had introduced the IR35 tax legislation in 2000. The purpose of introducing the tax legislation was to determine the self-employment status of
Contractors 101 — How to Know Your IR35 Tax Status? Read More »
Filing VAT returns can be daunting for many businesses and often leads to various VAT problems with significant financial repercussions. Mistakes in the process, commonly
7 Common VAT Mistakes You Should Avoid Read More »
Working from home may be many people’s dream come true. Whether it’s the employee of a forward-thinking company in need of work flexibility, or a
How to Claim Working from Home Expenses: A Comprehensive Guide Read More »
IR35 was brought in to prevent the payment of less tax and national insurance by using a personal service company or partnership to provide services
Best Contractor Accountants IR35 Guide Read More »
Reducing company tax is a goal for many business owners looking to keep more of their hard-earned money. You need a proper guide on how
How to Reduce Company Tax with Family Tax Planning Read More »
Inheritance Tax (IHT) is becoming more of a concern to many people. Most estates (the assets you leave when you die) are still not charged
The Basics of Inheritance Tax Read More »
