Who pays all the taxes?
In this article we will now take a look at the breakdown of tax revenues and some interesting tax-related facts.
The Benefits of a Limited Liability Partnership
The Benefits of Running My Business Through a Limited Liability Partnership Rather Than a Limited Company.
Rogue tax agents and HMRC lockouts
While the move to complete digitisation was expected and has significant benefits, the growing number of tax agent accounts being frozen by HMRC is concerning.
Changes at Companies House
Companies House will soon undergo the most significant reorganisation in its 180-year history.
2024 Spring Budget Update
Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’.
Directors Loans
Before the introduction of the Corporation Tax Act 2010 Section 455 it was possible to take out an indefinite loan from your company and avoid income tax.
Changes in research and development tax relief
In recent months, the UK government has focused on enhancing research and development (R&D) spending, primarily by adjusting the tax system.
Associated companies and corporation tax
As if the increase in the primary corporation tax rate, from 19% to 25%, wasn't enough, on 1 April 2023, HMRC changed the associated company status rules.
How to Set Up an LLP
The subject of personal liability is crucial when it comes to a partnership or business, as it can put your personal assets at risk.
Basis Period Reform
If you are self-employed (sole trader) or part of a partnership; with a business year-end date outside of 31 March to 5 April, you must take advice from your accountant.