What is the most tax efficient remuneration strategy for directors in the 2019/2020 tax year?
Posted on March 14, 2019Changes in 2019/20 affecting the remuneration strategy for directors The 2019/2020 tax year starts on 6th April and with it comes a number of changes which will have an impact on how, as a director, you extract money from your company. The following cha More...
Free Tax Advice in Darlington, County Durham and North Yorkshire
Posted on March 1, 2019If you are having issues with HMRC and need free tax advice there are a number of organisations which you can contact. These include: Tax Aid https://taxaid.org.uk/ Can help people on low income whose problems cannot be resolved with HMRCTax More...
Payment Options for Small Businesses
Posted on March 1, 2019Are you trying to figure out what the best payment options are to offer to your clients and customers? We run through some of our favourites in this blog. It can be difficult to wade through all of the options out there and decide what is best f More...
Making Tax Digital (MTD) for small businesses
Posted on March 1, 2019From 1 April 2019 businesses in MTD for VAT were required to: Maintain their accounting records digitally in a software product eg Xero, Quickfile or a spreadsheet, andSubmit their VAT returns to HMRC using functional compatible software. HMRC are More...
£1,000 trading allowance
Posted on May 17, 2018For 2017/2018 the trading allowance is £1,000, this is an exemption for small trading activities. For example this allowance is for teachers who do a small amount of tutoring on the side If your income is under £1,000 there is no income tax to pa More...
