News

Sole trader vs limited company: choosing the right business structure

Should you incorporate your business?

Deciding whether to incorporate your business in the UK involves evaluating several key factors: Limited Liability...

Exploring National Insurance Credits

Even if you have never been employed, you might have been eligible for NI credits...

CIS monthly returns obligations

The Construction Industry Scheme (CIS) requires contractors to deduct tax from subcontractor payments and file...

Check or update company car tax details

If you use a company car for private travel, it's taxed as a Benefit in...

Jointly owned property – no partnership

Tax on rental income from jointly owned property depends on ownership shares, unless part of...

Tax when transferring assets during divorce proceedings

Separation and divorce can create tax implications, particularly Capital Gains Tax (CGT) on asset transfers...

Cut in interest rates

The Bank of England’s Monetary Policy Committee (MPC) met on 5 February and in a...

Health services exempt from VAT

Health professionals providing medical services may be exempt from VAT if their work falls within...

How to Check the Creditworthiness of New Customers

Before extending credit to new customers, it’s essential to assess their financial reliability. Checking their...