Do you have significant capital expenditure plans for your limited company?
Get the timing right to maximise tax benefits. Life in taxation is always a moving goalpost – and things might […]
Tax
Pensions for employees – be careful with seasonal or temporary staff
If you employ seasonal or temporary staff, you must assess them individually based on their ages and how much they
Tax returns can be filed now!
There are advantages in filing your tax return as soon as practicable and 2021/22 tax returns can be filed now
Extracting funds from your company – Salary, Dividend, Interest, Rent …?
Rates from April 2022 There are many factors to consider in determining the most tax efficient methods of extracting funds
VAT visits and inspections
VAT officers can visit your business to inspect your VAT records (known as compliance checks) and make sure you’re paying
Not yet VAT registered?
Keep a close eye on your turnover!
Now that businesses are open again, turnover in the business is hopefully picking up If you are not VAT registered
The real effects of the Health and Social Care policy levy from April 2022
The chancellor announced the introduction of the above levy in October 2021 to come into effect from April 2022. Reference
Basis period reforms for income tax
Another HMRC plan is to change how profits from a business are taxed. This only affects sole traders and partnerships
Making Tax Digital for VAT
Whilst covered in recent newsletters, time is now running short, and all businesses have to submit VAT returns digitally from
VAT registration – monitor your turnover!
For small businesses, VAT registration is required if, over the last 12 months, the “taxable supplies” have exceeded the VAT