What is Gross Payment Status CIS?
Under the Construction Industry Scheme there are essentially 3 payment statuses. A payment status dictates how a subcontractor is paid;
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Covid:19 Income Tax Deferrals
Read this blog post to find out about income tax deferrals introduced to help businesses from the ongoing coronavirus pandemic.
Exempt transfers for IHT
Some transfers of value are exempt from IHT and this article aims to highlight these. Read on to find out more.
Is it a reimbursement or disbursement?
Understanding the difference between a reimbursement and disbursement is imperative to get the VAT treatment correct.
Running a Limited company after state pension age?
The state pension was introduced in 1948. This is important as it is the earliest date you can claim your state pension and it depends on your date of birth.
How to win Making Tax Digital (MTD) exemption
From April 2019, the majority of small businesses must now have fully digital record keeping. This piece discusses the key points of ‘Making Tax Digital’ and how it will affect taxpayers.
The Challenges with paying for childcare
Recent Government introduction of Tax Free Childcare has led to parents assessing their current arrangements. There is still a lot of confusion regarding which option may be best suited to individual circumstances.
The 18/19 tax year – what has changed?
We are now in the new 2018/19 tax year and a number of changes have been made to tax thresholds and rules which affect contractors, freelancers and small business owners. It is important to keep up with changes in order to manage your finances and remain tax efficient. To help, we’ve put together a quick…