by Ruth Clark | Oct 31, 2022 | Tax
Contributions to Pensions has two advantages. Firstly, contribution to registered pension schemes is tax free and secondly the growth the scheme attributes is also tax free. Pension income is taxable when the taxpayer retires. Even then it leads to a win-win situation... 
by Ruth Clark | Oct 26, 2022 | Tax
HMRC made some changes to the way Corporation Tax needs to be filed online in September, and companies need to be aware of what they are now expected to do and where there could be difficulties with filing online for certain items. One change which has been announced... 
by Ruth Clark | Oct 21, 2022 | HMRC, VAT
The VAT flat rate scheme is a simplified VAT scheme. It can potentially save a lot of work and may also save tax. However, it is not for everyone and, depending on the nature of the owner’s business, they might find themselves worse off. Nature of the scheme The... 
by Ruth Clark | Oct 19, 2022 | Business, Tax
Registered company insolvencies in England and Wales rose by 43% in August this year compared to the same period in 2021, and they were 42% higher than in August 2019, the comparable period before the pandemic. In August this year, there were 1,662 Creditors’... 
by Ruth Clark | Oct 14, 2022 | Budget Announcement, Tax
Extension of Incentives and reliefs for Business Investments through (EIS, SEIS, and VCTs) by Chancellor to boost growth in 2022 The government-backed schemes such as Venture Capital Trusts (VCTs) and the Enterprise and Seed Enterprise Investment Schemes (EIS and...