by Neil O'Brien | Jun 12, 2017 | Personal Tax, Tax
The latest tax news for entrepreneurs Our monthly tax news bulletin cuts straight to the main tax news the effects entrepreneurial business owners. Tax-Free Childcare and childcare options Tax-Free Childcare, the new government scheme to help working parents with the...
by Neil O'Brien | Dec 9, 2016 | Tax
Tax update Changes to taxation of non-UK domiciled individuals On 5 December 2016, the Government published its responses to the August 2016 consultation on the reforms to the taxation of non-UK domiciled individuals and non-UK resident trusts, together with further...
by Neil O'Brien | Sep 30, 2016 | Our News, Personal Tax, Tax
REPORTING TO HMRC EVERY QUARTER TO GO AHEAD IN 2018 The Government and HMRC remain committed to the “Making Tax Digital” project with more information being sent online to HM Revenue and Customs (HMRC) by employers, pension funds, banks and other institutions. The...
by Neil O'Brien | Aug 12, 2016 | Our News, Tax
What are the changes to Entrepreneurs’ When you sell an asset, the gain (if above the annual exemption of £11,100 – for 2015/16) the you pay tax on the gain. The rate of tax ranges from 18% to 28% for individuals. However, this rate can be reduced to 10%...
by Neil O'Brien | May 27, 2016 | Accounts, PAYE & NI, Payroll, Tax
The first steps towards making tax digital is easy, change your systems. Moving your accounting systems to the cloud By moving your accounts to the cloud you not only making the compliance of Digital Tax easier, you are also putting the key numbers that you need to...
by Neil O'Brien | May 6, 2016 | Accounts, Our News, PAYE & NI, Payroll, Personal Tax, Tax
What is an overdrawn directors loan? Quite simply this is when a director has taken more money from the company than they were entitled to take via salary and/or dividends Why does an overdrawn directors loan account cause a tax issue? The amount could be treated as a...
