Category Archives: Business Tax

Posted on in Business Tax
Let The Taxman Contribute To Your Christmas Party

It's hard to believe that it's only 6 weeks until Christmas.

If you'd like to show your staff how much you appreciate their hard work, but aren't sure what it might cost you and the tax implications, read on.....

#Budget2018 - IR35 - What yesterday's press release should have said

As practical accountants, we see the reality of true self-employment for many of our consultant clients.

This is what yesterday's Budget press release should have said to consultants, sub-contractors and freelancers:

Posted on in Business Tax
#Budget2018 - Good for small businesses BUT....

The Chancellor delivered a lot of changes that were relatively favourable to small businesses, but in the background a few important adverse changes were made which seem to be because too much money was leaving the Treasury. This is therefore not a bold post-Brexit Budget. 

Posted on in Business Tax
Growing SMEs - The Best Tax Incentive Ever?

As accountants looking after owner-managed SMEs needing to make a step change in their growth, we are often asked how they should do this. A common solution is to recruit a good senior person to help the owner grow the business further.

However, it's difficult to attract the right calibre person with the budget you have available, so let the tax system help you.....

It's important to remember that many recent employment law cases ruled on employment law. There's no requirement for HMRC to follow these findings for tax purposes but you expect they'll be reviewing their position.

Along similar lines, there have been some recent HMRC 'IR35 status' tribunal cases where (usually) one-person limited companies have had mixed success as to whether they are an employee of their clients.