How to complete your self-assessment tax return
Take a look at our latest blog to find out more information about self-assessment tax returns, as well as the details you need to complete your self-assessment.
A comprehensive tax guide to UK cryptocurrency
Whether you are new to cryptocurrency or a seasoned veteran, it’s crucial to understand how HMRC taxes crypto assets such as cryptocurrency or bitcoin. Please continue reading to discover everything you need to know about UK cryptocurrency taxes in our comprehensive guide.
3 reasons to have a CIS registered limited company
The Construction Industry Scheme (CIS) sets out special tax rules for contractors and subcontractors involved in construction work. Continue reading to discover why you should consider a CIS-registered limited company for your construction career.
Dividend vouchers explained – limited company FAQs
Following the end of the tax year, you are required as director of your own limited company to produce dividend vouchers for all dividends that were declared in the tax year. We explain dividend vouchers and why they’re required by HMRC.
I have a limited company – when are my annual accounts due?
Being a contractor with a limited company comes with a few responsibilities, including filing an annual set of statutory accounts with Companies House and HMRC. Find out more about annual (yearly) accounts and when you are due to complete and file them.
What is Business Asset Disposal Relief?
Business Asset Disposal Relief is a form of tax relief that allows a company director to sell all or part of their business and pay just 10% in Capital Gains Tax on the profits they have made up to a limit of £1 million. Continue reading to find out more about Business Asset Disposal Relief and whether you could benefit from it.
Salary vs dividends: What’s better for limited company directors?
As a director of a limited company, you have the option to decide how and when you extract funds from your company. We’ve put together a short article to help you discover which option may be beneficial for you.
A contractors guide to special-purpose vehicle companies (SPV)
A Special-Purpose Vehicle (SPV) Company is a limited company which is set up for the sole purpose of purchasing property and property management for buy-to-let activities. Read our short guide to gain a better understanding of what an SPV company is, why you should set an SPV company up before you buy the property and how our SPV service works.
How do I apply for Gross Payment Status? – CIS contractors
CIS gross payment status allows your company to be paid gross rather than being taxed at source. In the construction industry, income is normally taxed 20% at source (CIS) or 30% (non-CIS).
Capital Allowances for Cars: How much tax relief can you claim?
It’s possible to claim capital allowances on cars which are bought for business use. This means you can deduct part of the value of the car from your profits before tax. Unfortunately, cars do not qualify for the Annual Investment Allowance but you can use the Writing Down Allowance to work out what you are eligible to claim for.