Umar Memon
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From sole trader to a limited company
What to expect from incorporating your business With a new tax year almost upon us, many sole traders will be reviewing their business structure and considering whether it’s worth switching to a limited company. There’s no denying that incorporating a… Read more From sole trader to a limited company
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Clipping the wings of phoenix companies
A guide to measures which discourage ‘phoenixing’ of companies Companies can fail for several reasons and, for the most part, these aren’t the result of wrongdoing by the directors. For this reason, it’s perfectly legal to start a new company… Read more Clipping the wings of phoenix companies
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New Update: Making Tax Digital
Making Tax Digital We are one year away from Brexit, but our focus over the next twelve months will be ensuring our clients meet the new government requirements on Making Tax Digital (MTD). From April 2019, VAT registered businesses (including companies, self-employed… Read more New Update: Making Tax Digital
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Tax and employee benefits
What to expect when providing staff with perks Most employers choose to recognise the ongoing commitment made by their members of staff by providing various benefits and rewards. Whether that’s in the form of the Christmas party or it extends… Read more Tax and employee benefits
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Cash basis for landlords
The default basis for landlords’ accounts Traders have been able to prepare their accounts using the cash basis since April 2013, as long as they meet certain eligibility conditions. This option was extended to landlords running unincorporated property businesses from… Read more Cash basis for landlords
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Employee of the Year
Congratulations to Faisal Mustafa on winning Jack Ross Employee of the Year! Faisal won due to his consistent high quality work and how he gets on with everything thrown at him without complaint. Well done Faisal! Special thanks to Steph Elmore… Read more Employee of the Year
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Termination payments
New rules are coming into force on 6 April 2018 The tax treatment of termination payments can be complex, not least because a termination package typically comprises several different elements, which may be treated differently for tax and national insurance… Read more Termination payments
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Devolution of tax powers within the UK
What tax powers are moving away from Westminster? It may feel like we’re living in increasingly uncertain times ever since the UK voted to leave the EU. That centred on most of the electorate’s desire to obtain more devolved powers… Read more Devolution of tax powers within the UK
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Tax Card 2018/19 (Part 1)
TAXABLE INCOME BANDS AND TAX RATES 2018/19 2017/18 Starting rate* of 0% on savings up to £5,000 £5,000 Basic rate band £34,500 £33,500 Higher rate band £34,501 – £150,000 £33,501 – £150,000 Additional rate band Over £150,000 Over £150,000… Read more Tax Card 2018/19 (Part 1)
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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… Read more HMRC investigations
