Category: Self employed trades, professions and contractors tax

Contractors - changes to the 'IR35' tax rules

Contractors currently working through a limited company may find that their tax bills rise substantially

Contractors and the VAT reverse charge

From October 2020, many subcontractors and contractors in the ‘construction industry’ will need to account for VAT differently, by using the ‘reverse charge system’.

Capital Gains Tax & Incorporation

Pick the tax relief which suits your specific circumstances and future plans

Sole trade, partnership, or company?

Whether you’re just starting out in business, or have been at it for a while, there are three main types of ‘trading vehicle’ to consider if you want to make...

Some tax planning points to consider as the 2018/19 tax year comes to an end

Get organised, save tax.

VAT on construction works

Minimise your VAT charges & make more profit

Incorporate & save tax

A limited company can have many benefits, including reduced tax bills.

Relief for the trading losses of unincorporated businesses

A £10,000 trading loss could be worth £4500 tax relief in one year and £0 in the next, or vice versa.
So choosing where and when you offset is worth proper consideration.

Building contractors - 5% or 20% VAT?

Its one or the other and you are responsible for applying the correct rate.
Get it wrong and either HMRC or your customer will quite rightly expect you to pay.

MTD - is your software up to the job?

MTD - are you and your software ready?

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