What is a payment on account? If your personal tax bill for the year ended 5th April 2018 exceeded £1,000, you will likely be required to make a payment on account of the year ended […]
Starting from April 2019, most VAT registered businesses will have to comply with the new ‘MTD for VAT’ regulations and submit their VAT Tax Returns via MTD compatible software. The current process of applying VAT records to your HMRC tax account will become a way of the past, as your invoices and transactions will be transmitted via what HMRC refers to as; ‘Digital Links’ and ‘Software Bridges’. So, to get a better idea about the adjustments needed and to help you get MTD compliant, we have put together the below, Making Tax Digital for VAT complete guide.
All things come to an end eventually and contracting is no exception. Whether it was your decision or not, you might eventually decide to close down your company and move on to new projects. If […]
Everything must come to an end eventually, even a limited company. Whether you have accepted employment or your contract has simply finished, it’s likely you will need to consider your options regarding your unwanted company. […]
You’ve made the decision to go down the contracting route, handed in your notice and made the decision that a limited company is the right option for you. What do you do now? The next […]
As accountants, our job is to advise you about the best structure for your new business venture. We get lots of questions about the most tax efficient way to set up a company, the day-to-day […]
A limited company is one way to set up, structure and run your business, which normally has certain benefits over other forms of business structure, including legal protection, tax-efficiency and a professional image (see our […]
When starting life as a contractor, one of the biggest decisions you face is how to structure your finances and how you’ll get paid. If you want to stay compliant, there are two clear choices […]