Making Tax Digital for Business Delayed
The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital #MTD for Business to 2020 at the earliest.
The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital #MTD for Business to 2020 at the earliest.
A recent #VAT #Tribunal had to decide whether two hairdressing businesses should be treated as a single business for the purposes of #VAT #registration.
R&D tax credits allow businesses engaged in R&D projects to receive a tax deduction based on the costs incurred on the project.
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.
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.
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.