by AJN Accountants | Jul 29, 2019 | Accounting, Advice, Business, FAQs, Financial planning, News, Small Businesses, Tax planning
IR35 rules for the private sector are changing in terms of implementation from April 2020. As things stand currently, small companies will be excluded. The definition of small companies follows that of the Companies Act 2006 which is if a company meets 2 of the...
by AJN Accountants | Jul 19, 2019 | Accounting, Advice, Business, FAQs, News, Small Businesses, Tax planning, VAT
Businesses can operate under various different structures and there may be various reasons for choosing a particular one. Whilst there are various advantages of operating as a sole trader there also come with it important disadvantages. Personal Liability A sole...
by AJN Accountants | Jul 13, 2019 | Accounting, Advice, FAQs, Landlords, News, Property, Tax planning, VAT
Some transfers of value are exempt from IHT and this article aims to highlight these. Read on to find out more. No tax is particularly liked by the taxpayer but it is fair to say IHT is amongst the most hated. Certain transfers of value are however exempt from IHT,...
by AJN Accountants | Jul 4, 2019 | Accounting, Advice, Business, FAQs, News, Tax planning, VAT
Understanding the difference between a reimbursement and disbursement is imperative to get the VAT treatment correct. Reimbursements are subject to VAT whereas disbursements are not. If a business is trading very close to the VAT registration threshold, an incorrect...
by AJN Accountants | Jun 17, 2019 | Accounting, Advice, Business, FAQs, News, Tax planning, VAT
Find out if your business can claim VAT on the decoration of your workplace. As long as purchases made by a business have a clear business purpose, either wholly or in part then the VAT can be claimed. The fact that a purchase may benefit your business is irrelevant....
by AJN Accountants | Jun 6, 2019 | Accounting, Advice, FAQs, Landlords, News, Property, Tax planning
Find out how you can reclaim the extra Stamp Duty Land Tax you have paid. HIGHER RATE SDLT The higher rate of stamp duty land tax (SDLT), which was introduced in April 2016, applies where you buy a residential home and you already own at least one. This extra SDLT...