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If you have recently decided to work in the capacity of a contractor, your research must have told you that the most tax-efficient manner of doing that is to set up a limited company. If you have been wondering how to get started, we share with you 9 easy steps to begin contracting and billing […]
Most people in the United Kingdom and even across the world dream of being their own boss. Being self-employed comes with a range of benefits and perks for professionals across a multitude of industries and fields. It allows you to set your own working hours, get added flexibility, do everything precisely as you want and […]
Every year brings with it novelties and changes that rock or at least shake the professional market and industry. This year is no different. 2020 has started on a bang, and four months into the year, people already wish for it to be over for a plethora of reasons. For recruiters especially, 2020 might prove […]
Becoming a landlord can be a big step or something you fall into. A landlord is the owner of a property that is rented out to others, short or long term. Either way you need to consider the ongoing position carefully: – What type of rental are you making? Are there any special rules? How […]
Coronavirus Job Retention Scheme – Small Business, PAYE All UK employers will be able to access support to continue paying part of their employees’ salary for furloughed workers—those employees that would otherwise have been laid off during this crisis. Benefits: Payment of 80% of staff salaries up to £2,500 (gross pay) per month per worker […]
Złożenie Self Assessment nawet o minutę później, spowoduje automatyczne nałożenie kary w wysokości £100. Obowiązek rozliczenia dotyczy przede wszystkim osób samozatrudnionych, które powinny wykazać przed urzędem swoje przychody oraz koszty. Należy pamiętać, że nawet w sytuacji, gdy działalność nie przyniosła żadnych dochodów, również należy złożyć zeznanie podatkowe. Pamietaj, że na zeznaniu podatkowym Tax Return wpisujesz […]
IR35 or Intermediaries Legislation was introduced to tackle the problem of tax abuse by individuals or companies. It particularly intends to stop tax abuse by individuals who own a Personal Service Company that acts as an intermediary and saves them from being treated as an employee for the company of their clients. This way, they […]
This tax guide explains everything about buy to let landlords. How to declare your rental income? How to register? What expenses can you claim? Is the online completion of a tax return challenging? How much tax will you have to pay? All these questions and more will be answered in this guide so that you […]
How Does the HMRC Define a Commercial Property? HMRC says that commercial property is any non-residential building. This means that commercial property is not where somewhere lives but where someone works. A commercial or a non-residential building can have several forms, such as shops, warehouses, offices, restaurants, agricultural lands, or fuel stations. The Town and […]
Self-assessment can be a tricky affair for self-employed individuals if not carried out correctly. This is precisely why we have created this article for carpenters, heating engineers and electricians so that you can file your self-assessment tax return with ease. Register With HMRC The very first step to file your self-assessment tax return, if you […]
