Category Archives: Taxation

Employing Family Members In The Business

In an earlier post, in September 2013, we looked at just what sort of expenses we could claim, when working from home. Some 60% of UK businesses are family owned, and many of those do, actually, work from home, so, … Continue reading

Posted in Business, Home Based Business, Taxation | Tagged , , , | Leave a comment

HMRC Increases Annual Investment Allowance Again To Encourage ‘Investing In The Future’

With effect from April this year, Annual Investment Allowance has been increased to £500,000, a figure that will remain in force until December 2015. This has been done as a means of attempting to encourage businesses to invest in their … Continue reading

Posted in Business, News & Events, Taxation | Tagged , , | Leave a comment

HMRC Introduces New Webinar For The Newly Self Employed

Last month, HMRC produced a new 20 minute video webinar designed to give an all encompassing guide for those considering starting out on the road to self employment. The guide covers the basics of business structures, registering with HMRC, types … Continue reading

Posted in Business, Startups, Taxation | Tagged , , , , , , | Leave a comment

Deadline For Manual Self Assessment Tax Returns Just Weeks Away

HM Revenue and Customs (HMRC) has issued a reminder to anyone filing a Self Assessment tax return this year – from 2008, the is a 31 October deadline for paper returns, and it’s only weeks away. Previously, both paper and … Continue reading

Posted in Taxation | Tagged , , , , , | Leave a comment

Tax Credits. Are They For Me?

Everyone has heard of Tax Credits. We’ve all seen the Inland Revenue publicity, but the usual reaction is; “That won’t apply to me. I earn too much” or “It’s not worth applying. The Government never give anything to people like … Continue reading

Posted in Taxation | Tagged , , , , | Leave a comment

How Do We Run A Car Or Other Vehicle Through The Business

One area that most new business owners need to know about is how to run a vehicle The answer to this will mainly depend upon whether you are running the business as a sole trader or a limited company, as … Continue reading

Posted in Taxation | Tagged , , , , , , | Leave a comment

What Do We Do About PAYE / NI Now That We’re Self Employed?

As of April 2011, from commencement as a self employed person, you will be required to pay Class 2 National Insurance, which can now be paid either monthly or six monthly. This is paid at the equivalent rate of £2.65 … Continue reading

Posted in Startups, Taxation | Tagged , , , , , , , | Leave a comment