Tax

Sole traders & partnerships

Tax - Sole traders & partnerships

Recently added Tips & Advice

PROFIT EXTRACTION - 18.03.2024

Avoiding or reversing inefficient profit extraction

The end of the tax year is almost here and it’s time to check your tax position. You may have room to take more tax-efficient income from your company, or you might discover you’ve overdone it. What steps can you take to rescue the situation?

TAX PLANNING - 05.03.2024

Threshold tax and benefit traps on families

The media like to bandy about the phrase “stealth tax”. In reality what they call stealth tax isn’t at all. However, there are genuine cliff-edge income thresholds that result in unfair tax charges. What are they and how can you avoid them?

ECOMMERCE - 24.01.2024

Is HMRC really targeting online sellers?

According to recent reports in the popular media, if you sell goods online new rules mean HMRC can tax you on the money you receive. Is this correct?

AUTUMN STATEMENT - 02.01.2024

Under-radar changes announced

The National Insurance cuts announced in the 2023 Autumn Statement grabbed the headlines, but there were a number of other changes to note. What were the most important to be aware of?

ACCOUNTS - 12.12.2023

Cash basis accounting - what’s the latest?

The cash basis of accounting is to become the norm for unincorporated businesses when calculating profits for tax purposes. What steps do you need to take to prepare for the change and what impact might it have on your tax bills?

PARTNERSHIPS - 23.11.2023

Do clients need to apply the salaried member rules?

Your client, a limited liability partnership (LLP) that provides investment management services, has asked whether one of its members meets the conditions of the salaried member rules. What are these rules, and what guidance does recent case law provide?

> Recently added Tips & Advice

Tax - Sole traders & partnerships

Most read Tips & Advice

TAX PLANNING - 05.03.2024

Threshold tax and benefit traps on families

PROFIT EXTRACTION - 18.03.2024

Avoiding or reversing inefficient profit extraction

> Most read Tips & Advice