Tag Archives: Tax Accountants

Tips Guide Food Industry Employers

A Guide To Tips For Employers In The Food & Catering Industry

Understanding the tipping industry and how it’s taxed Tips whichever way they are given are also taxed. But how they get taxed, whether subject to National Insurance or not, depends mainly on how they are earned. What are the possible ways in which tips are received and can be taxed and reported on? Through mandatory […]
9 hours ago 4 Reads share
Simple Expenses If You Are Self-Employed

Simple Expenses If You Are Self-Employed

How do simple expenses work for self-employed individuals The Simplified expense system has been set up by HMRC to help busy self-employed individuals or business owners to reduce the inconvenience of time-consuming record keeping and data entry for their accounting and tax matters. Keeping up with all the bookkeeping obligations can become very arduous, especially for self-employed […]
5 days ago 23 Reads share
Home Loan Tax Avoidance

Home Loan Tax Avoidance Scheme

What is a home loan tax avoidance scheme and what to do if you have used it Loan schemes have been named as ‘disguised remuneration’ schemes by HM revenue & customs. HMRC claims that these schemes are generally used by individuals to dodge liable taxes and National Insurance Contributions (NIC). HMRC has never really approved […]
1 week ago 25 Reads share
Understanding Corporation Tax For Businesses

Finance

Understanding Corporation Tax For Businesses

Corporation tax for Businesses When you start your own business, there are several factors to consider and one very important one is how to manage your taxes effectively and legally? A corporation is an entity with a separate legal identity from the business owners who control it through the shares they have in the company. […]
June 12, 2019 207 Reads share