by Lisa Dickson | Mar 9, 2024 | Business Management 101, HMRC and tax
A question we were asked recently was: I’ve been offered a contract of £120k a year. It’s my choice whether I go onto payroll for a 12-month fixed term contract or if I go self-employed or set up a limited company and bill the client. If I set up my own...
by Lisa Dickson | Feb 8, 2024 | HMRC and tax
Your guide to understanding VAT Value Added Tax (VAT) is a significant part of the UK tax system. If you run a VAT-registered business, you’re required to charge this tax on most goods and services, which you must then report and pay to HMRC. Basically, you are...
by Lisa Dickson | Jan 21, 2024 | HMRC and tax
New year, new strategy. The new year marks the start of new beginnings, so there’s no better time to revisit your personal financial strategy. Drawing up an economic plan with clear, achievable goals can improve your long-term financial health and help protect you and...
by Lisa Dickson | Jun 15, 2023 | HMRC and tax
Reward your staff with a stake in the business. As an employer, there are many ways you can reward and incentivise your staff, from Christmas parties to team lunches. But one of the most attractive options is an employee share scheme. Employee share schemes allow you...
by Lisa Dickson | May 15, 2023 | HMRC and tax
In his Budget speech in March earlier this year, Chancellor Jeremy Hunt kicked off the Government’s plan for growth with changes to business tax legislation, a key policy being ‘full expensing’. “It is a corporation tax cut worth an average of £9 billion a year for...
by Lisa Dickson | Mar 21, 2023 | HMRC and tax
Next phase of digital tax scheme to start in 2026. Making Tax Digital for income tax self-assessment (MTD for ITSA) was originally set to roll out in 2018, but the road to personal tax digitalisation has been relatively rocky to date. While the Government successfully...
