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Spring Statement 2022 – Summary for businesses
Following the announcement that inflation rose to a 30 year high of 6.2% in February 2022 and on the back of rising fuel, energy and food costs, the Chancellor of the Exchequer, Rishi Sunak unveiled his Spring Statement, this week.
Here are some of the announcements relevant to businesses
Featured reads
IR35
Find out what changes are coming, how this could affect you and what we can do to help.
COVID-19
Information for contractors, freelancers and limited company on what help is out there
Claiming for pre-trading expenses from your limited company
Starting a new business may involve some costs. You may need to pay for a number of products and services before your limited company is actually formed.
In this guide, James Leckie – who runs ITContracting.com – looks at some of the typical expenses you will incur prior to company formation, and explores the conditions you need to meet to reclaim such costs.
UK dividend tax rates and thresholds for 2021/22
If you’re setting up a limited company you’ll no longer be on someone else’s payroll, so you will need to understand how to extract money from your company.
In this article, we’ll explain how your dividend income and salary is calculated in relation to the 2021/22 dividend and tax allowance rate.
Autumn Budget Statement 2021 – Mixed bag of opportunities and challenges
Last Wednesday, Chancellor Rishi Sunak presented the next budget and financial reforms the Government intends to implement throughout this tax year and beyond. As the UK economy continues to recover from the Coronavirus pandemic, it is still expected to confront various domestic and global uncertainties.
In his Autumn Statement, the Chancellor presented his new fiscal approach to face both the opportunities and challenges ahead.
How to reduce your Capital Gains Tax bill?
It is quite common to assume that Capital Gains Tax (CGT) only affects professional investors or large corporations but that isn’t really the case.
CGT will normally be applied to gains made from the disposal of your personal assets. Whether it is a property you’ve recently sold or a profit made from your crypto assets, these gains could be liable to Capital Gains Tax.
In this guide, we’ll explain how Capital Gains Tax works and how you could potentially reduce your next tax bill.
What are the tax benefits of owning a property as an individual vs a limited company?
Owning a property for rental or development purposes can hold great financial benefits as an individual or a business owner.
There are some tax-related circumstances worthwhile being aware of if you decide to own the property as an individual or through a limited company.
In this article, we’ll review the pros and cons of both structures and how each may affect your tax liabilities.
Limited Company Formation Service for Sole Traders
We know that setting up your own company can be both nerve-wracking and exciting. There’s certainly a lot to think about regarding the services you wish to offer and the type of clients you hope to work for, let alone the admin and tax side of things.
Self-Assessment 2021 – Important Tax Rates and Deadlines Explained
With the deadline for submitting your Self-Assessment Tax Return just around the corner, it’s a good idea to start getting your finances in order so that you don’t have a last-minute panic.
It really doesn’t need to be this difficult, particularly if you keep your finances up-to-date throughout the year. Here we explain more about what’s involved.
When a problem solver with a vision seizes-the-day The story of Zinaide Carneiro
” My dream is to help solve the issue of commercial environmental impact on a national, if not, global scale. ” We talked to Zinaide about her decision to set up her own Limited Company during the pandemic and how she’s found the experience.
Exploring renewable growth – The story of Jason Pattison
Being self-employed isn’t for everyone, but it has been a great journey for Jason Pattison who started as a financial broker and continues to seek growth opportunities for his various businesses 20 years on.
Need an accountant?
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