The Autumn Statement announcment was delivered with the usual positive tone and promises of a brighter future for the UK. It was, however, the usual mixed bag of new measures; some good, some not so good, for UK contractors, freelancers and small businesses. Read our summary here.
Whether you are a contractor or locum, freelancer or small business owner, you will know the importance of having good professional contacts that you can trust and rely on. As you are often wearing many hats already, it is essential that you are able to connect with the right people who can give you the…
If you are a contractor or freelancer, or own a small business, you may be liable for VAT. If your income reaches the threshold of £83,000 in any given tax year then you are required by law to register. The VAT Flat Rate Scheme for small businesses often works out a good option, as you…
As a UK tax payer, there are benefits of donating to registered charities and community amateur sports clubs (CASCs). For every £1 you donate, the charity can claim an extra 25 pence from the government, effectively increasing the donation by 25%. In addition certain taxpayers can get tax relief – how does it work?
Making Tax Digital (MTD) is a 5 year project for HMRC to make the tax reporting, filing and the management of UK tax, one of the most sophisticated and digitally-focused in the world. The plans are already underway and changes will be phased in between 2018 and 2020. How could this affect your tax?
In the technological world we now live, our expectations of communication and connectibility have increased signifiacntly. As you know, there are very few things that we are unable to access from anywhere in the world. All we need is a wi-fi connection and a mobile phone, tablet or laptop.
Inheritance Tax (IHT) planning can save your loved ones thousands of pounds in tax following your death. To be effective though, actions need to be taken in advance, so it is essential to keep up-to-date with the tax legislation surrounding IHT so you can ensure yo
Brexit has been very much the topic of conversation for the past three months and whether you voted for the UK to Leave or Remain in the EU, is now water under the bridge. We are all now part of a waiting game to see how things unravel in the coming weeks, months a