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.
In April 2020, the government will introduce a new 2% tax on the revenues of online marketplaces, search engines and social media platforms which derive value from UK users.
Members Voluntary Liquidation: A financially beneficial tax planning option when closing down a Limited Company
When it comes to closing down your limited company you may be concerned about how to close it down in the most tax-efficient way. A Members Voluntary Liquidation (MVL) is a tax-efficient way of closing down a limited company.