A newly proposed traffic light system could be used to put a spotlight on businesses with track records of late payments. (more…)
SMEs urged to claim broadband vouchers
- Small Business, SMEs,
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The Government is urging SMEs make use of a scheme that can earn them a £2,500 voucher towards the installation of fibre optic broadband. (more…)
HMRC Important filing deadlines
- Capital Gain, Income Tax, Small Business,
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Important Deadlines for individuals, self-employed and CIS subcontractors Individuals, sole traders and CIS subcontractors Filing deadline Second payment on account for 2016/17 tax year 31...
What expenses can I claim as a...
- Freelancers, Small Business,
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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...
Flat Rate VAT Scheme and Limited Cost...
- Contractors, Freelancers, Small Business,
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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...
National Insurance Contribution Rates for the tax...
- Capital Gain, Income Tax, Small Business,
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National Insurance Contribution Thresholds 2017/18 £ per week 2016/17 £ per week Weekly lower earnings limit (LEL) 113 112 Weekly primary threshold (PT) 157 155...
Tax Rates and thresholds for the tax...
- Contractors, Small Business,
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Taxable Income bands and corresponding rates 2017/18 2016/17 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate of saving income...
VAT Flat Rate Scheme changes from April...
- Contractors, Freelancers, Small Business,
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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...
Buy To Let Bring Record Receipts For...
- Freelancers, Small Business,
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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...
Auto-Enrolment
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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...
Taxable Income bands and corresponding rates
- Contractors, Small Business,
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Taxable Income bands and corresponding rates 2015/16 2016/17 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting rate of saving income...
UK Votes to leave the EU
- Small Business,
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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...
