Reforms to NICs
on 25 January 2018
with No Comments
Reforms to NICs will now take effect from April 2019 including abolition of Class 2. This had been previously announced … Read More
Training Costs
on 24 January 2018
with No Comments
It is long established that training costs learning new skills is not tax deductible for self-employed. This is because costs … Read More
Disincorporation relief
on 23 January 2018
with No Comments
Disincorporation relief will not be extend beyond the current 31 March 2018 expiry date. HMRC
What to consider when deciding which type of trading entity to use
on 22 January 2018
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Should I be trading as a sole trader, partnership, limited liability partnership (LLP), company limited by shares, company limited by … Read More
What happens if a business makes a loss?
on 19 January 2018
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Business losses for a sole trader or partnership may be utilised in various ways. Firstly losses can be set against … Read More
Importance of correctly operating as a limited company
on 18 January 2018
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In a recent tax case HMRC proved that a trader claiming to operate through a limited company was actually trading … Read More
Fixed rate mileage
on 17 January 2018
with No Comments
The following rates can used for fixed rate mileage: Car or van First 10,000 business miles 45p Additional … Read More
HMRC Have Updated Their Guidance On Salary Sacrifice Schemes
on 18 December 2017
with No Comments
The rules for salary sacrifice arrangements changed with effect from 6 April 2017 and HMRC have updated their guidance for … Read More
IR35 in the Private Sector
on 15 December 2017
with No Comments
The government are undertaking a consultation on shifting the burden in IR35 cases to private sector employers in the same … Read More
New Restriction For Those in Pension Drawdown
on 14 December 2017
with No Comments
One of the measures affecting pensions announced in the Spring 2017 Budget, that was not included in the first Finance … Read More