We are proud to announce that Martax Accountants has achieved Gold partner status with the leading cloud-based accounting software, Xero. We are one of the...
HMRC has provided a list of how to prepare for the changes of the off-payroll working rules starting from 6 April 2020 that will help...
In simple terms, expense is the money spent by an organisation for the purpose of business. In accounting, an expense is an outflow of cash...
A business is a limited cost trader if its VAT inclusive expenditures on relevant goods is either: Less than 2% of your VAT Flat rate...
Income tax The personal allowance for the tax year 2017/18 has been increased to £11,500. Class 2 and Class 4 National Insurance contributions (NICs) The...
The hourly rate for the minimum wages depends on your age and whether you’re an apprentice. The National Minimum Wage (NMW) is the minimum pay...
The autumn statement included the decision to introduce a new flat rate of 16.5% for ‘Limited Cost Traders’ (LCTs) from 1 April 2017. These are...
As per the HM Revenue and Customs (HMRC) guidelines, you must submit a tax return if any of the following applies: You are self-employed You...
There are tax consequences on the gift of property which have been summarized as below: Capital Gains Tax If the property is gifted to your...
The move will not have immediate legal and tax consequences for multinationals with UK operations. In longer term however, the landscape may change significantly for...
April saw the highest level of stamp duty land tax (SDLT) recorded for a single month, according to statistics released by HMRC. Nearly £1.2bn was...
If you are an employer you are now legally required to enroll your eligible employees into a qualifying pension scheme. This reform is staged over...
