by Andrew Totton | Nov 7, 2017 | Starting a business?
If you are a small business owner or thinking of starting a business you may wish to read on . . . A significant consideration for you to make is how to extract the profits you make from your company, to you, the owner of the business. Below, we have set out some tips... by Andrew Totton | May 17, 2017 | Budget Announcements, Business Taxes
What is all the fuss about? Making Tax digital (MTD) is a government initiative that is designed to transform the Tax system by 2020, and will mean the end of the traditional annual tax return. However, the starting timetable is much sooner than this – 2018 for some... by Andrew Totton | Mar 8, 2017 | Budget Announcements, Business Taxes, Self assessment, Starting a business?
Below are a summary of the key points in the Chancellor’s budget on 8th March 2017, from a Tax perspective: · Corporation tax rate to fall to 19% from April 2017, and to 17% by 2020 as planned · The “Making Tax Digital” requirements to be delayed for... by Andrew Totton | Nov 24, 2016 | Budget Announcements, Business Taxes, Starting a business?, VAT
Changes to the VAT Flat Rate scheme from April 2017 – following the Autumn Statement New legislation is to be introduced from 1st April 2017 for Companies on the Flat Rate scheme which may mean the Flat Rate percentage will rise to 16.5%. This will impact “Limited... by Andrew Totton | Nov 23, 2016 | Budget Announcements, Business Taxes, Payroll, Starting a business?, VAT
Below is a brief summary of the key points from the Chancellor’s Autumn Statement, announced today: · Office for Budget Responsibility forecasts economic growth of 2.1% in 2016 (down from 2% it forecast before BREXIT vote); 1.4% in 2017 (down from 2.2%) and...
