NEW TAX YEAR: HOW WILL THE CHANGES AFFECT YOU? A new tax year begins every 6th April as usual and…
News
HMRC schemes that never work Tax is inevitable nowadays especially in a developed country such as the United Kingdom (UK)…
Incorporation Relief Incorporation relief is a tax relief that defers the chargeable gain of business assets from an incorporate business…
It’s less a month now that the biggest HMRC reform to VAT in decades will take effect. April 1st is…
HMRC Tax Investigation If your company is having any sort of HMRC tax investigation ranging from VAT, PAYE, class 2A…
Success for HMRC HMRC once again won a case with Kinnerton Confectionery Ltd that sells a range of products –…
Business consultants have long advocated outsourcing non-core functions.
A non-core function is one that is not a profit centre (meaning, you don’t charge customers for it). A non-core function may be essential, but doesn’t differentiate your business strategically from competitors.In most businesses, administrative and back-office activities..
How best can I take money from my business?
There are always challenges for every business owner at the point where their business is making constant profit and receiving greater cash inflows. This challenge leads to find the most efficient way to extract money from the business to how these extractions will be shown in the company’s records and…..
Efficient use of Reliefs and Exemptions
Inheritance Tax is a tax levied by HMRC on property, money and other possessions of a person who has died. The standard tax rate is 40% on the outstanding amount above the threshold. Some gifts you give while you’re alive may be taxed after your death depending on how many years you live after the gift is given.