Guides

Starting a business

What you need to know before launching a startup. Britain is a nation of fearless entrepreneurs, but the likes of Richard Branson and James Dyson didn’t go from rags to riches instantly. Branson needed a £300 loan to get his magazine up and running after dropping out of school at the age of 16, while …

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HMRC Investigations

What to expect when the Revenue comes knocking Anyone whose business comes under the Revenue’s microscope is usually in for a roller-coaster ride. HMRC has upped its game in recent years when it comes to probing businesses or sole traders who may be suspected of falsely reporting or underpaying tax. Nobody appears to be beyond …

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Insider – September 2018

Insider Headlines… Stamp duty tax break saves first-time buyers £284m HMRC confirms ‘soft landing’ for Making Tax Digital Inheritance tax receipts reach record high of £5.2bn SMEs cite VAT as ‘biggest administrative headache’ ‍

Capital allowances for plant and machinery

Capital allowances for plant and machinery If there’s one thing that keeps us awake at night it’s the thought of how many British businesses are failing to claim capital allowances to which they are entitled – worth billions of pounds across the board, according to some estimates.Capital allowances provide the mechanism for tax relief on …

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Personal Tax Planning

How to reduce what you owe the taxman. Nobody wants the taxman to take more than his fair share, and planning your instances early on can ensure you adopt the most tax-efficient strategy for the months and years ahead. Effective tax planning will help protect your wealth and any assets, ready to pass on when …

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Ezyco Year End Tax Guide

RATES, RELIEFS AND ALLOWANCES 2017/18 Our guide contains information on all the areas of taxation from personal to business. Here are the areas covered: ‍PERSONAL ALLOWANCES ISAs PENSION CONTRIBUTIONS INHERITANCE TAX CAPITAL GAINS TAX NON-UK DOMICILE TAXATION CORPORATION TAX BUSINESS DEDUCTIONS ENTREPRENEURS’ RELIEF VAT PENALTIES UPCOMING CHANGES

Review of Chancellor’s Spring Statement

A STATEMENT WITH FEWANNOUNCEMENTS Chancellor Philip Hammond has delivered his SpringStatement 2018, and on his promise to move awayfrom two major fiscal announcements every year.  There was no red briefcase, no red book, and notax changes as the chancellor announced updatedeconomic forecasts in a speech lasting less thanhalf the length of any of his previous …

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Online self-assessment

Self-assessment tax return online. For self-employed people, company directors and those receiving other sources of income, you will need to file a self-assessment tax return. While the fundamentals of self-assessment remain unchanged, more and more people are becoming self-employed. Figures from the Ofice for National Statistics reveal the number of workers registered as self-employed at …

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Accounts for limited companies

Audits may be a thing of the past, but certain annual reportsstill apply. All companies are legally obliged to file statutory accounts on an annual basis with HMRC as part of their company tax return. These are prepared from your financial records before being reported at your financial year-end. Your statutory accounts should include: A …

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