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Tax Tips and News

May questions and answers

Definition of the  confirmation statement. The  confirmation statement is a document that  limited companies and LLPs must file at  Companies House each year. For  companies, the  confirmation statement contains details of its directors and shareholders, while the  confirmation statement of an LLP lists its members. Newsletter issue – May 2019. Q. I have realised that I made a mistake on my most recent VAT return. What do I […]

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Practice News

IR35 | 10 Rules for Contractors

On our blog earlier this month we discussed the effects of changes to the HMRC IR35 tax regulations on contractors and consultants following announcements in the Budget. These changes to the HMRC IR35 rules will have an impact not just on contractors but also business owners too. Here we provide you with 10 rules (below […]

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Tax Tips and News

Taxpayer wins IR35 challenge

Definition of the  confirmation statement. The  confirmation statement is a document that  limited companies and LLPs must file at  Companies House each year. For  companies, the  confirmation statement contains details of its directors and shareholders, while the  confirmation statement of an LLP lists its members. Newsletter issue – May 2019. HMRC have recently lost another high-profile IR35 case. Kaye Adams, the presenter of ITV’s Loose Women programme, […]

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Tax Tips and News

Minimum workplace pension contributions rise

Definition of the  confirmation statement. The  confirmation statement is a document that  limited companies and LLPs must file at  Companies House each year. For  companies, the  confirmation statement contains details of its directors and shareholders, while the  confirmation statement of an LLP lists its members. Newsletter issue – May 2019. The minimum contributions employers and their staff must pay into their automatic enrolment workplace pension scheme increased […]

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Tax Tips and News

VAT Flat rate scheme

Definition of the  confirmation statement. The  confirmation statement is a document that  limited companies and LLPs must file at  Companies House each year. For  companies, the  confirmation statement contains details of its directors and shareholders, while the  confirmation statement of an LLP lists its members. Newsletter issue – May 2019. The VAT flat rate scheme (FRS) is used by many small businesses to help simplify their VAT […]

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Tax Tips and News

Rent-a-room tax break remains

Definition of the  confirmation statement. The  confirmation statement is a document that  limited companies and LLPs must file at  Companies House each year. For  companies, the  confirmation statement contains details of its directors and shareholders, while the  confirmation statement of an LLP lists its members. Newsletter issue – May 2019. HMRC’s rent-a-room scheme currently allows individuals to receive up to £7,500 of gross income from renting out […]

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Tax Tips and News

May key tax dates

Definition of the  confirmation statement. The  confirmation statement is a document that  limited companies and LLPs must file at  Companies House each year. For  companies, the  confirmation statement contains details of its directors and shareholders, while the  confirmation statement of an LLP lists its members. Newsletter issue – May 2019. May 2nd – Last day for car change notifications in the quarter to 5 April – Use P46 […]

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Practice News

Accountaholics Self Assesment

Our prices are the most competitive in the industry and we charge a fixed feeregardless of the type of tax return that needs to be prepared. UKEA SELF ASSESSMENT Simple online preparation Online document sorting Deals with Tax Audits Dedicated accountant £99 Simple online tax assessment Our friendly taxbot helps you understand your personal income […]

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Practice News

Limited company directors – salary vs. dividends in 2018/19

One of the main benefits of working via a limited company is that you can take advantage of tax planning measures not available via other business structures (such as umbrella companies). This article has been updated for the 2018/19 tax year. The main benefit of drawing down dividends from your company is that they are […]

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