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Does more self-employment mean more IR35 risk?

The number of self-employed people in the UK increased by 367,000 between 2008 and 2012. This number is sure to have grown further during the last 12 months, but does this rise correspond to more IR35 risk?

New dawn for construction industry but have you registered for the CIS?

As a new dawn breaks for the construction industry, we take a closer look at the Construction Industry Scheme.

Housing boom makes inheritance tax planning more important than ever

We take a look at why recent housing market predictions could make more of your estate liable to inheritance tax.

PAYE WINDFALL £2,000 NIC ALLOWANCE FOR EMPLOYERS

This valuable allowance is due to start for all businesses on 6 April 2014, and simply exempts the employer from the normal employer NICs of 13.8% of the earnings paid.

‘The dog ate it’ won’t cut it – file your tax return now

HMRC has made it clear that many excuses will not be accepted when it comes to tax returns being filed after the 31 January deadline.

As exports grow are you ready to take on new markets?

There has been a positive start to 2014 so far when it comes to exports. A recent report from the Chartered Institute of Purchasing and Supply revealed that the rate of increase in new export business in January came close to a three year record.

Budget 2014: What can we expect?

As we head towards Budget 2014, which will take place on Wednesday 19 March, there is no denying the UK economy is in a better place than it was this time last year. GDP growth of 2.4 per cent is predicted for this year and things are looking up, but does this mean that George Osborne will be providing dramatic tax cuts and reforms? Probably not…

VAT investigations on the rise, are you prepared?

VAT investigations are on the rise. According to reports, HMRC raised an extra 32% in tax as a result of VAT investigations last year, much of this stemming from small and medium sized businesses.

How to minimise your tax bill

With the news that HMRC may soon have powers to recover tax directly from your bank account, we offer some advice on keeping your tax bill to a minimum.

A taste of medicine for your finances

Doctors, when was the last time you gave your finances the kind of care and attention you give to your patients?

EU VAT rules are changing. Are you ready?

From 1 January 2015, the way VAT is charged on e-services, broadcasting and telecommunications services to individual consumers will change. If you supply these services to consumers in the EU, are you ready?

Submitting your self-assessment return online

Submitting your self-assessment tax-return doesn't have to be hard – especially in the digital age. With the 31 January 2015 deadline just 6 weeks away, we thought we'd put together a fool-proof guide to submitting your online tax return, just in time for Christmas.

How to reduce your corporation tax bill with R&D relief

In a bid to compete with Ireland's 12.5% corporation tax rate, Enterprise Minister Arlene Foster has suggested lowering the rate to just 10%. According to Northern Ireland secretary Theresa Villiers, around 34,000 businesses will benefit when the power is devolved in April 2017.

Are you efficiently extracting your company profits?

There are many ways of extracting profits from your company, all with different pros and cons from a tax perspective.

To help you work out your options, we've come up with 5 tax-efficient methods of profit extraction.

Using investment schemes to lower your tax bill

There's no doubt about it, investment schemes are not for the amateur investor. The rules can be complex, getting out can be tricky, and the chances of losing money are high.
However, if you're savvy about what you do with your money, you can earn yourself a nice return while making a big difference to your tax bill. The risks are high, but so are the rewards.

Trusts: An introduction

The comedian Rik Mayall shocked the British public last year after he died suddenly at the age of 56. Almost a year on, the future of his £1.2 million estate has been thrown into doubt after it emerged that he failed to leave a valid will, thereby leaving his assets 'intestate'.

Claiming R&D relief for SMEs

R&D tax credits allow businesses engaged in R&D projects to receive a tax deduction based on the costs incurred on the project.

Common problems with wills

For the unprepared, the process of making a will and ensuring it is followed properly can contain many pitfalls. Every step taken must abide by the letter of the law and any diversions can result in an invalid will and the moving of the deceased’s estate into the realm of intestacy law.

VAT One Business or Two?

A recent #VAT #Tribunal had to decide whether two hairdressing businesses should be treated as a single business for the purposes of #VAT #registration.

HMRC Beat Glasgow Rangers

A scheme using Employee Benefit Trusts (EBTs) as a means of remunerating directors and staff has been defeated by HMRC in a recent Supreme Court case.

New Government Childcare Schemes

Working parents can start applying for two new Government childcare schemes launching this year – Tax-Free Childcare which begins immediately and 30 hours free childcare which starts in September.

Trusts to save IHT

Trusts have a reputation for being linked to unfair tax avoidance, but they can play a legitimate role in #estate and #inheritance #tax #planning. They can be especially worthwhile for business owners. Could a simple trust help preserve more of your estate for your family?