by admin | Sep 6, 2018 | Accountants for Contractors
The UK government had introduced the IR35 tax legislation in 2000. The purpose of introducing the tax legislation was to determine the self-employment status of independent contractors. It was introduced to catch individuals who were gaming the tax system to avoid...
by admin | Sep 6, 2018 | self-employed accountant
The increase in self-employed individuals is one of the most remarkable stories of the British economy. There has been a 40 percent increase in solo traders since the past two decades. Around one in six individuals in the UK, today are self-employed. If you are one of...
by admin | Sep 6, 2018 | Accounting Issues, Limited Company
Setting up a limited company has many benefits. The foremost benefit is that you won’t be personally liable for debts and other liability incurred by the company. Moreover, you will be able to raise a large amount of capital to finance expansion activities of...
by admin | Sep 6, 2018 | Accounting Issues, Startup accountants
Starting a business is indeed challenging. However, the rewards are far greater that makes the endeavour well worth it. If you blend your vision with persistence and hard work, there is nothing that can stop you from making your startup a success. In this post, we...
by admin | Sep 3, 2018 | Limited Company
Audit exemption for private limited companies: You may not need to get an audit of your private limited company’s annual accounts. Most small private limited companies only need an audit if their articles of association say they must or the shareholders ask for one....
by admin | Sep 3, 2018 | Limited Company, VAT
Q: I am an IT consultant, operating through a VAT registered UK company. I am supplying consultancy services to another UK IT business. I have incurred hotel, travel and meal expenses, and charging these on to the company i am supplying services to. Can I treat these...
by admin | Aug 9, 2018 | Accountants for Contractors, Accounting Issues, Tax Issues, Tax Saving Tips
Many businesses make mistakes when filing VAT returns. This is understandable since the UK VAT system is complicated. However, mistakes in entering the wrong amount can be costly as it can not only result in paying a fine but also trigger a VAT investigation. To...
by admin | Aug 8, 2018 | Accountants for Contractors, Accounting Issues, Business Growth Ideas
A new nil rate band was introduced in April 2017 for inheritance tax purposes in the UK. Known as the Residence Nil Rate Band (RNRB), it could save direct descendants of married couples thousands of dollars in inheritance tax. In this post, you will know what is RNRB...
by admin | Jul 11, 2018 | Landlord
Individuals and companies who own properties across the UK can benefit from hiring specialized property accountants. There are many reasons why housing associations, developers, letting agents, and property owners should hire landlord accountants. Seeking the advice...
by admin | Jul 3, 2018 | Tax Saving Tips
Tax Saving Tips for Small Business Saving money on taxes is an effective way to retain maximum business profits. There are many strategies that can help a company to reduce taxes. In this post, we have listed six tax saving tips for small limited companies in the UK....
