Mobile Phone Usage Outside the EU to Become More Expensive +

Mobile Phone Usage Outside the EU to Become More Expensive

UK VAT will be added to roaming phone charges for calls..

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What is an Umbrella Company? Which Umbrella is Right For You? +

What is an Umbrella Company? Which Umbrella is Right For You?

Umbrella companies have been around for years but…

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Option to Tax: Reclaiming VAT on Property Developments +

Option to Tax: Reclaiming VAT on Property Developments

A business has the choice of whether to charge VAT on the sale

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Can I be self-employed and employed at the same time? +

Can I be self-employed and employed at the same time?

Yes, you can be employed and self-employed at the same time..

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Does a Sole Trader Need a Business Bank Account? +

Does a Sole Trader Need a Business Bank Account?

As a sole trader, you don’t have to run a separate business..

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A Limited Company or Limited Liability Partnership: What type of company is better? +

A Limited Company or Limited Liability Partnership: What type of company is better?

Both types of legal business entity, LLP or Limited Company will..

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How to close a UK-based Limited Company that is created just a few days ago? +

How to close a UK-based Limited Company that is created just a few days ago?

Learn more about How to close a UK-based Limited Company..

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How did Starbucks Manage With Paying Zero UK Corporation Tax to HMRC? +

How did Starbucks Manage With Paying Zero UK Corporation Tax to HMRC?

Starbucks managed to get away with paying zero UK corporation tax …

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Why Should You Use A Specialist Property Accountant? +

Why Should You Use A Specialist Property Accountant?

Why buy-to-let Landlords should use a specialist property…

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3 Reasons Why You cannot Survive Without Cloud Accounting +

3 Reasons Why You cannot Survive Without Cloud Accounting

Cloud Accounting has been transforming the dealing of accounting…

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Property Taxes – What Makes Biggest Burden to the UK Residential Market? +

Property Taxes – What Makes Biggest Burden to the UK Residential Market?

Reducing Stamp Duty Land Tax will help construction and property..

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What are the Tax Implications of Renting out a Room through Airbnb? +

What are the Tax Implications of Renting out a Room through Airbnb?

Letting out a room through Airbnb will bag you £1,000 tax free…

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3 Ways to Safeguard Your Small Business From Cyber Attacks +

3 Ways to Safeguard Your Small Business From Cyber Attacks

Small business owners are at risk of a cyber attack..

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Investing in BTL Property Through A Limited Company, Is It Tax Efficient? +

Investing in BTL Property Through A Limited Company, Is It Tax Efficient?

You can buy property through a newly incorporated or an existing….

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A Contractor’s Guide to Staying on the Right Side of the Taxman +

A Contractor’s Guide to Staying on the Right Side of the Taxman

Nobody wants to get on the wrong side of the taxman…

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Top Five Accounting Errors Construction Companies Make +

Top Five Accounting Errors Construction Companies Make

we throw light on this topic by briefly pointing to the top five…

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Is London About to Lose Pole Position as the Financial Capital of the World Post-Brexit? +

Is London About to Lose Pole Position as the Financial Capital of the World Post-Brexit?

London loses its position as the world’s most dominant financial…

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How much does it cost to set up a limited company in the UK? +

How much does it cost to set up a limited company in the UK?

Setting up a new-venture limited company in the UK is relatively…

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Tax-Free Giving, Gifts to Relatives & Wedding Gifts +

Tax-Free Giving, Gifts to Relatives & Wedding Gifts

As this is the season for weddings and there is a trend, apparently, for

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Tips to Save Taxes for First-time Freelancers +

Tips to Save Taxes for First-time Freelancers

In the UK, if you are self-employed, working as a freelancer/contractor, whether through a limited company or as sole trader, you are allowed to deduct a variety of reliefs and allowances to reduce your tax bill.

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The Rules Governing “Trivial Benefits” Changed from 6 April 2016 +

The Rules Governing “Trivial Benefits” Changed from 6 April 2016

The rules governing “trivial benefits” changed from 6 April 2016, which means that exempt trivial benefits will not count towards …

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LIMITED COMPANY OR PAYE UMBRELLA – Which Would be the Right Choice for Contractors? +

LIMITED COMPANY OR PAYE UMBRELLA – Which Would be the Right Choice for Contractors?

It is advantageous for a contractor who doesn’t mind …

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An Untidy U-turn for HMRC Concerning Participants in The Montpelier Tax Scheme +

An Untidy U-turn for HMRC Concerning Participants in The Montpelier Tax Scheme

The introduction of Advance Payment Notice (APN) rules was controversial from the moment it was announced at the 2014 Budget. Introduced under the Finance Act, the proposal requires participators

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Should You Accelerate Dividend Payments Before the New Tax Rates Apply on 6 April 2016? +

Should You Accelerate Dividend Payments Before the New Tax Rates Apply on 6 April 2016?

Tax on dividends Dividend income over £5,000 will attract higher tax after 5 April 2016, so accelerating dividend payments

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Why attempting to enter the VAT Flat-Rate Scheme retrospectively is almost a lost cause +

Why attempting to enter the VAT Flat-Rate Scheme retrospectively is almost a lost cause

The VAT Flat-Rate Scheme (VAT FRS) is available to small businesses or sole traders and is designed to simplify VAT accounting, not to reduce VAT bills. An in-hindsight VAT FRS request in the business world has become a VAT-saving technique for many small business

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How Transferring of Personal Allowance helps to Reduce Tax? +

How Transferring of Personal Allowance helps to Reduce Tax?

The personal allowance The personal allowance is set for each tax year; for 2015‒16, the basic personal allowance (available to all UK resident individuals born on or after 6 April 1948) is £10,600 (for 2014‒15, the basic personal allowance was £10,000).

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The five minute guide for Self-assessment Tax Return +

The five minute guide for Self-assessment Tax Return

The deadline for filing and submitting your self-assessment tax return for the last tax year (6/4/2014‒5/4/2015) is now only a matter of days away, there is no time left to procrastinate. You can call your accountant today and get help, or you can go the DIY route

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The Self-Assessment Tax Return Deadline and Errors – A Big Headache +

The Self-Assessment Tax Return Deadline and Errors – A Big Headache

There are just over three weeks to go to the deadline for filing the annual Self-Assessment tax return and paying any tax due. Six million people still need to submit their SA tax return before the 31 January deadline according to HMRC. It is the last-minute rush, apparently,

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Tax on Buy-to-Let Property Loans: have you planned for future changes? +

Tax on Buy-to-Let Property Loans: have you planned for future changes?

Buy-to-let property can be a good earner, but as the owner of BTL have you understood and planned for the implications of the change from deduction of interest on property to one of tax relief correctly? From 2016/17, deduction of interest payments on property loans will

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