by admin | Dec 26, 2018 | Limited Company, Personal Tax, Tax Issues
How do you tax Bitcoin? Are cryptocurrency or cryptoasset gains or profits taxable? Can you obtain tax relief if you make losses on Bitcoin? How do you tax Ethereum profits? Gains on transactions in cryptoassets, of which Bitcoin is a cryptocurrency are...
by admin | Dec 26, 2018 | Limited Company, Uncategorized
After several recent tribunal cases on the subject HMRC have amended its guidance about whether a director has to file a tax return. The guidance now states that where all of a director’s income is taxed at source and there is no further tax to pay, they do not have...
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 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...
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 | May 25, 2018 | Limited Company, VAT
Business entertainment: Business entertainment is the entertainment provided by a business/company to people other than employees. An example of this is the entertainment provided to customers. If it is provided to employees of the company or if it is not provided...
