Business Gifts & TaxAt this time of year you may think of giving gifts or bonuses to staff, or presents to clients, customers or useful contacts, but do remember that these may be subject to tax as follows
As a self-employed photographer, you have the absolute freedom to be your boss and make your own rules.
You must have your equipment, commute on your own and have a mobile phone.
Yet, you don’t get to enjoy paid holidays, sick leaves, and you could go days without earning if you don’t source work.
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Staying in control of the cash flow and figuring out plans to increase your financial status while still having enough money to run day-to-day expenses can be a challenge for many.
It is particularly true for self-employed contractors who need to optimize their finances, identify ways to cut costs, and still manage to save money for their retirement.
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How pension income is taxed in the UK and other essential concepts you must be aware of in regards to taxation on your pension income.
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Personal tax billsHMRC will be issuing personal tax self assessment payslips over the Christmas period to all those who need to submit a tax return or have tax to pay.
When your personal tax return has been prepared then you should know your personal tax bill to pay.
This bill is due 31st January 2014 – regardless of whether HMRC have sent you a request to pay.
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As a partner in a business or a sole trader, you don’t have to pay Corporation Tax.
However, by offsetting certain specific purchases, you can reduce the amount of personal taxes you are entitled to pay.
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Everything You Need to Know About Claiming Expenses for Business Telephone Calls and the Cost of the Phone.
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homeowners believe that using a letting agent can help facilitate this process.
Here are 8 compelling reasons to convince you of doing the same!
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If you are starting your company, you might have come across the term ‘Nominee Director.’ Before appointing a nominee director for your company, there are a few elemental points you should familiarize yourself with.
This article will give you complete information on appointing nominee directors, the documents you need to provide ahead of the appointment, and more.
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Setting up a new business presents many challenges.
Friends and relatives might tell you that your idea is great and it’s going to be a success, but from an accountant’s point of view there is a list of necessary steps to make sure that your project is well grounded and can be turned into reality.
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As a self-employed person, you will usually fall within the Self Assessment system.
Here are Self-Assessment Changes Tax for 2019-20 Tax Year.
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Are you looking for Online Payroll Management?
We specialise in providing a fully managed payroll service to large and small businesses throughout the UK.
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VAT-registered businesses pay VAT when they sell to another business or to a customer.
This tax is also charged on goods imported from countries outside the EU or brought into the UK from elsewhere in the EU.
There are three main rates of VAT, depending on the type of service/goods the company provides: standard (20%), reduced (5%) and zero.
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If your company supplies products or services in the UK and your turnover of taxable goods is more than the £77,000 threshold, you have to register for VAT.
Registration is compulsory also in the case you are taking over from someone else a VAT-registered business.
0
All You Need to Know About Self-Assessment Tax Return If You Are a Courier, Plasterer or Tiler.
You must be aware of the allowable expenses that you can claim.
0
It might seem everything easy and carefree for those working freelance or as contractors and that they have nothing to worry about taxes.
Well, it’s nothing like that, they too have to pay and can save tax as well if planned accordingly.
0
Business Gifts & TaxAt this time of year you may think of giving gifts or bonuses to staff, or presents to clients, customers or useful contacts, but do remember that these may be subject to tax as follows
If you are starting your company, you might have come across the term ‘Nominee Director.’ Before appointing a nominee director for your company, there are a few elemental points you should familiarize yourself with.
This article will give you complete information on appointing nominee directors, the documents you need to provide ahead of the appointment, and more.
As a self-employed photographer, you have the absolute freedom to be your boss and make your own rules.
You must have your equipment, commute on your own and have a mobile phone.
Yet, you don’t get to enjoy paid holidays, sick leaves, and you could go days without earning if you don’t source work.
Setting up a new business presents many challenges.
Friends and relatives might tell you that your idea is great and it’s going to be a success, but from an accountant’s point of view there is a list of necessary steps to make sure that your project is well grounded and can be turned into reality.
Staying in control of the cash flow and figuring out plans to increase your financial status while still having enough money to run day-to-day expenses can be a challenge for many.
It is particularly true for self-employed contractors who need to optimize their finances, identify ways to cut costs, and still manage to save money for their retirement.
As a self-employed person, you will usually fall within the Self Assessment system.
Here are Self-Assessment Changes Tax for 2019-20 Tax Year.
How pension income is taxed in the UK and other essential concepts you must be aware of in regards to taxation on your pension income.
Are you looking for Online Payroll Management?
We specialise in providing a fully managed payroll service to large and small businesses throughout the UK.
Personal tax billsHMRC will be issuing personal tax self assessment payslips over the Christmas period to all those who need to submit a tax return or have tax to pay.
When your personal tax return has been prepared then you should know your personal tax bill to pay.
This bill is due 31st January 2014 – regardless of whether HMRC have sent you a request to pay.
VAT-registered businesses pay VAT when they sell to another business or to a customer.
This tax is also charged on goods imported from countries outside the EU or brought into the UK from elsewhere in the EU.
There are three main rates of VAT, depending on the type of service/goods the company provides: standard (20%), reduced (5%) and zero.
As a partner in a business or a sole trader, you don’t have to pay Corporation Tax.
However, by offsetting certain specific purchases, you can reduce the amount of personal taxes you are entitled to pay.
If your company supplies products or services in the UK and your turnover of taxable goods is more than the £77,000 threshold, you have to register for VAT.
Registration is compulsory also in the case you are taking over from someone else a VAT-registered business.
Everything You Need to Know About Claiming Expenses for Business Telephone Calls and the Cost of the Phone.
All You Need to Know About Self-Assessment Tax Return If You Are a Courier, Plasterer or Tiler.
You must be aware of the allowable expenses that you can claim.
homeowners believe that using a letting agent can help facilitate this process.
Here are 8 compelling reasons to convince you of doing the same!
It might seem everything easy and carefree for those working freelance or as contractors and that they have nothing to worry about taxes.
Well, it’s nothing like that, they too have to pay and can save tax as well if planned accordingly.