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This is the part of our website where we share knowledge, tips and stories from our world that will help to grow your business and stay up to date.
CAPITAL GAINS TAX – PAYMENTS ON ACCOUNT
Capital Gains Tax Payments on Account are coming from April next year. At the moment, Self Assessment taxpayers have to pay Income Tax payments on account in January and July each year and then maybe a balancing amount in January after the end of the tax year, whereas the payment date for any Capital Gains Tax is 31 January.
What is a trust and why set one up?
Often thought to be the reserve of the ultra-rich or landed gentry, trusts are an excellent way of protecting and holding important family assets. Asset protection, control, flexibility and tax efficiency are major reasons why more and more clients are using trusts as part of their planning. This article will discuss trusts and why you should consider them as a major part of your personal tax planning strategy.
What is the reverse charge on VAT? Will it affect you?
From the 1 October 2019, CIS registered businesses which are also VAT registered will have to withhold the VAT element of an invoice when paying those suppliers which are also CIS and VAT registered. The withheld VAT must then be paid over to HMRC on the next VAT return.
Do you know where you and your business are going…really?
It’s all too easy today to get lost in the myriad of online self congratulatory positivity. We’re shown and told what success looks like on social media, radio and television and it can become highly detrimental to our business and our own personal development. This article will discuss how to obtain clarity around you and your business’ path forward.
Tax avoidance vs tax evasion: What you need to know
Tax avoidance and tax evasion are sometimes confused and used interchangeably. Whilst the terms avoid and evade are similar linguistically, they stand for very different concepts legally. Both are ways used to pay less tax however, tax avoidance is legal whereas tax evasion is illegal. This article will discuss the two concepts and tell you all you need to know.
6 tips to keep your business productive this summer
The summer can be a disruptive period for business, a recent study found that productivity decreases up to 20%, attendance decreases by 19% projects take 13% longer and workers are 45% more distracted…This article will cover several tips on how to keep your business productive and moving forward this summer.
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