In this article we will look at the advantages of being incorporated versus those of being a sole trader. In many cases changing from sole trader to limited company can be advantageous but not always. There are several considerations but it usually comes down essentially to the amount of profit you are making. It would […]
Inheritance Tax is paid if a person’s estate (their property, money and
Changes to the VAT flat rate scheme for the 2017/2018 tax year now mean that many small businesses and contractors will no longer benefit from the scheme. A brief explanation of how it works and the impact of the change is detailed below. How It Works You are eligible to join the Flat Rate Scheme […]
For the 2017/2018 Budget the Chancellor confirmed that the entry threshold
Is it tax efficient to purchase or lease a carthrough the business? This is a complex area and there are several factors to consider. But as a general rule, unless the car has very low CO2 emissions or can be classed as 100% business, it is unlikely that it would be beneficial running the car […]
Cheques to Clear in Just 24 hours due to new technology At last an end to waiting up to 6 days for your cheque to clear because from October cheques will take just one day to clear. In the modern digital age it was always a nonsense that cheques took up to 6 days to […]