Assuming you’ve weighed up the pros and cons involved and decided that launching a startup is right for you, one of the first things to consider is how will you pay tax and for that you need to consider how you structure your business.
There are three main routes for a director to extract profits from their own limited company – salary, dividends and pension contributions. Usually, combining these three methods is the most tax-efficient approach to minimise your tax bill.
Under the Construction industry scheme, all payments made from contractors to subcontractors must take account of the subcontractor’s tax status as determined by HMRC.
Making Tax Digital for income tax (MTD for ITSA) looks certain to affect sole traders and landlords from April 2024, following the recent news of a one-year delay
In this issue… Income Tax Administration, Minimum Wage Offenders, Salary Sacrifice, Post Brexit issues and VAT, Outstanding Tax – HMRC the latest, Free ABG seminars and webinars 2022
Let us take you through the tax allowances and reliefs that will help you celebrate with your business colleagues, family and friends this festive holiday and New Year period and claim any costs as a tax-allowable deduction.
So that you have an opportunity to benefit from the announced changes in the October Budget, we have listed below a few planning ideas that you may want to consider before the end of the present tax year (before 6 April 2022).
There were a handful of policy changes not announced in the Budget speech but instead squirreled away in the backgrounds. Our team of tax experts have been over those and highlighted several items as changes to the reporting requirements, which will affect capital gains tax.
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