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Saturday, January 19, 2019
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If you are self-employed, it is highly likely that you will be required to file a Self-Assessment. If you are required to file a self-assessment, you will have to keep track of all payments made to you in the tax year. There can be different rates of tax to pay...
VAT is the general sales tax applied across the European Union. Businesses supplying goods or services with a turnover above £80,000 per year are required to collect this tax from their clients and pay it to HMRC on a quarterly basis. Registering for VAT also means that you can...
One major advantage of contracting through a limited company it that you are able to offset certain business expenses against the company’s taxable profits. This guide outlines some of the expenses that are tax deductible for a limited company, this is not an exhaustive list, and there are many...
A good account is an invaluable part of running a successful contracting limited company. With their assistance you make sure to never miss a filing deadline, find the most efficient way to take money from your company, and plan ahead to make sure there are no nasty financial surprises...
As a company director you are legally responsible for ensuring you company and you pay the correct taxes. One essential step to helping you do this is to engage an accountant who is experienced at working with small companies and contractors in particular. This will mean that you have...