by Andrew Totton | Jun 13, 2019 | Business Taxes, Self assessment, Starting a business?, Uncategorized
For owner-managed companies, the combination of salary and dividends as a way of remunerating themselves is a key tax-efficiency process, and getting that mix right can bring benefits to those owners. When making decisions on salaries, it is an important consideration... by Andrew Totton | Jun 21, 2018 | Employment status, Self assessment, Uncategorized
We have seen in the media recently how the rights of an individual are not always clearly classified as self-employed or employed. When considering tax, it is generally straightforward to determine employment status. The courts are however showing willingness to... 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 | Feb 22, 2016 | Business Taxes, Payroll, Self assessment, Starting a business?, Uncategorized
With the new Dividend tax rules that come into force from 6th April 2016, the HMRC has decided that it doesn’t want to wait until April 2017 to start collecting these new revenues, when those affected declare the earnings and Income tax through their self-assessment... by Andrew Totton | Feb 17, 2016 | Budget Announcements, Business Taxes, Self assessment, Starting a business?
From 6th April, the old Dividend Tax Credit system is being abolished and replaced by new tax rules on dividends. For those Limited company owners, this brings about a whole new approach to how the majority of their earnings will be taxed, and with it, new challenges... by Andrew Totton | Jun 23, 2015 | Business Taxes, Self assessment, Starting a business?, VAT
Thousands of us do it – but did you know that if you sell items on sites like E-Bay, Gumtree and Amazon, that you could be the target of a HMRC crackdown on tax evasion? Following changes to HMRC’s powers last year, various selling websites are being...
