Working out tax on dividends 2020-21
Tax band Tax rate on dividends over the allowance Basic rate 7.5% Higher rate 32.5%…
Hairdressers Tax Guide – What to do
Registering with HM Revenue & Customs Selecting the right form If you believe you need…
VAT Flat Rate Scheme
This scheme is designed to reduce the cost of complying with VAT obligations by simplifying…
An Introduction to VAT
What is VAT? VAT is a tax chargeable on taxable supplies made in the UK…
Flat Rate VAT Scheme – Overview
Overview of Flat Rate Scheme Usually, how much VAT a business pays or claims back from HM…
PAYE TAX REBATE if employed less than 12 months
For contractors, employees who worked for an employer for less than 12 months, maybe entitled…
FOCUS: What is IR35?
“IR35” is a piece of tax legislation announced in 1999, which took effect from April…
Business tax strategies
Business start ups Starting your own business is one of the most fulfilling and exciting…
Glossary – jargon words
Term Definition 80 – 20 rule A general rule of thumb in business that says…
Director Responsibilities
Director Responsibilities The Companies Act 2006, for the first time, sets out legislation relating to…
FOCUS:: National Insurance 2022/23
Employment Allowance Employment Allowance allows eligible employers to reduce their annual National Insurance liability by up to…
FOCUS:: National Insurance
Between 6 April 2022 and 5 April 2023 If you are an employer, employee or…