As a limited company contractor, choosing an umbrella company can be confusing. Read our short guide where we explain how to decide which umbrella company to use.
With the tax return deadline fast approaching, some taxpayers encounter issues which cause delays in filing their self-assessment. From the funny to the ridiculous, we’ve collected some of our favourite excuses along with some simple Do’s and Don’ts to follow when submitting your tax return.
With Christmas fast approaching and the festivities getting into full swing – it’s time to consider what Christmas party expenses you can claim via your limited company.
Many freelancers will ‘test the water’ by doing some freelance work around their permanent job before moving to self-employment. But what are the tax implications of freelancing on the side?
Important changes are coming into effect which means second home owners and buy-to-let landlords may be subject to capital gains tax payments sooner than anticipated. The legislation will be introduced in the Finance Bill 2019-20 and would be effective from April 2020.
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.
National Coding Week was first launched in 2014 in a bid to tackle the UK’s growing digital skills shortage. It has now become an annual event to get as many people as possible to learn about coding and to encourage industry experts to share their knowledge.
Capital allowances are a form of tax relief when your business buys a capital asset such as machinery, equipment or vehicles. They are regarded as a business expense, and you may be able to deduct some of the cost away from your profit before working out the tax you owe.
Apprenticeships can play an important role within a company, bringing in a fresh perspective to the business. An apprentice can develop new skills and knowledge from on and off-the-job training which can be harnessed to fill specialist skill gaps within your company.
There are many reasons why you may eventually want to close down your limited company. Our short guide looks at a few different ways a limited company can be closed down depending on its financial circumstances at the time.