Capital Gains Tax (CGT) is the least common tax on income, mainly because you need to come into significant financial gain to incur it and it doesn’t apply to things like main homes, cars or lottery wins.
We have put together the main points to come out of this week’s Autumn Statement. The Chancellor’s decision to proceed as planned with reforms to IR35 and also the announcement to negate the benefit of the Flat Rate VAT Scheme from April 2017 will have a discernible impact on many people working through a limited company and delivering services in the public sector. We will be sending more information out on this in the coming weeks and work with those affected to help them decide their best way forward in their circumstances.
Last year, the government set out their vision for a digital revolution of the tax system, announcing a £1.3 billion investment to transform HMRC into one of the most digitally advanced tax administrations in the world.
You have made the decision to start your own business – exciting times! There are number of considerations and steps to take in order to get up and running effectively as soon as possible.
The average UK commuter will spend 400 days of their life commuting. That’s enough time to listen to the Beatles’ entire back catalogue 990 times or read War and Peace 294 times!
You probably treat your journey to and from work as empty time, a daily grind, something to be endured. But it doesn’t have to be any of those things…
All of a sudden it’s that time of year again – firework smoke in the air, hearty casseroles and that annoying friend who already has all their Christmas presents bought and wrapped…
Whatever your line of work, if you are in business for yourself, a surefire way to secure new clients is through recommendations from existing clients. Therefore you shouldn’t underestimate the role good client reviews can play in the success of your business.
It is proposed that, from April 2017, public sector workers operating their own limited company (also termed Personal Service Company or PSC), will no longer be responsible for determining the IR35 status of their contract.
The Scottish rate of Income Tax (SRIT) came into play from April 2016 as part of the devolved powers transferred to the Scottish Parliament.
If your primary residence is in Scotland, or you live there for more than six months of the year, you are considered a Scottish taxpayer and a portion of your income tax is paid to the Scottish Government.
Following our recent app update communications, we’re delighted to report that the updates to the MyBoox mobile app have now been approved for release into the app stores.
We will be pushing the updates live by the end of next week (14th October).