Tax Needn’t Be Taxing:
Sole Trader Tax Help
Britain has the most complex tax system in the world, proving too much to handle for some self-employed individuals and entrepreneurs. Discover how to manage your sole trader tax right here!
Sole trader tax can be a tough nut to crack.
While businesses and corporations often find support from finance experts and in-house account management teams, those running their own single-person operations tend to be left to their own devices when it comes to tax.
In the March 2015 budget, George Osborne announced that he was abolishing tax returns as we know it and bringing in a new digital tax return. We now know that small businesses will receive their digital identities by 2017. However, this could increase the workload of...read more
IR35 is the tax legislation that seeks to tax limited companies working for one customer like employees rather than a company. This is because HMRC does not like employees leaving employment to set up limited companies to work for the same employer (this is done...read more
Here's a run down of the tax changes from 5 April 2016 following the summer budget and the Autumn statement: Corporation tax Still 20%. 19% from 6 April 2017. 18% from 6 April 2010. Income tax All the same - 20% basic rate, 40% higher rate, 45% top rate Personal...read more
George Osborne gave his Autumn statement today, a mini-budget, the third this year. You can read about the tax credits and whether or not austerity is over in the national newspapers, here is my assessment of the 5 most important points in the Autumn statement for...read more
Today is the day where George Osborne will give his Autumn statement. Most of it will not hold any relevance for small business but there is a possibility that he will go after 1 person limited companies (sometimes called personal service companies) especially the...read more
In 2011 HMRC brought out the business records checks which meant that HMRC could look into bookkeeping records to see if any mistakes had been made. It wasn't popular because it appeared to be a way for HMRC to formally starting tax investigations. HMRC have now...read more
Get some expert advice from our specialist tax accountants in Leeds and find out how to legally get around some nasty new government rules. In July 2015, the government announced new tax rules that have massive ramifications for property purchases. The hardest hit...read more
The word on the street is that George Osborne is going to after personal service companies this Wednesday in the Autumn statement. Personal service companies are people who leave employment to contract for the same companies as limited companies rather than employees....read more
P11Ds have to be completed every year if you receive any benefits from your limited company, the most common being company cars and private medical healthcare. If you have more than 1 employee receiving benefits, you can end up having a bit of a task on your hands to...read more
My first book will be released early next week. The book will be released electronically for Kindle and other devices and then released in paperback after that. The book will be relevant to any locum, contractor, freelancer, self employed, limited company owner, any...read more