by Andrew Totton | May 13, 2015 | Budget Announcements, Business Taxes, Payroll, Self assessment, Starting a business?, VAT
As the dust settles on a Conservative majority, below is a summary of what this might mean for you and the pound in your pocket: INCOME TAX No increase in Income Tax or National Insurance rates The Tax free personal allowance is to rise from £10,600 to £12,500... by Andrew Totton | Mar 19, 2015 | Budget Announcements, Business Taxes, Payroll, Self assessment, Starting a business?
On 18th March, the Chancellor announced in his budget, that the current tax regime would be abolished in favour of an online tax account. When will the tax return be abolished? The tax return will continue into existence until 2020. How will taxpayers report... by Andrew Totton | Jun 18, 2014 | Business Taxes, Starting a business?
Some small businesses are run from the business owner’s home. A frequently asked question for those in this situation, is what costs can I claim against my business for operating out of my home? HMRC allows a flat rate of £4 per week which can be claimed back... by Tim | Apr 16, 2014 | Starting a business?
When starting a new business, there are many things to think about, and consider. One such consideration is the business structure that your business will be under. The choice usually comes down to one of two options: Sole trader Limited company (LTD) Below is a...
